Level cost of insurance rates on new UL insurance products will increase by varying amounts, with the most significant impact being on limited pay policies
Steer clear of these missteps to ensure your clients don’t end up with irreparable damage to their financial plans
Universal life insurance can provide benefits such as flexibility and tax-exempt investment room, but the product is not suitable for all clients
As universal life products evolve, some advisors say these products continue to be attractive while others say UL has no place in a client’s portfolio
Understanding universal life insurance and how it is evolving for the benefit of your clients and your practice
Some lifecos are focused on enhancing their WL and term products
Jim Ruta, president, AdvisorCraft Media and Consulting, tackles the pros and cons of universal life policies (UL). He discusses a four-part system for determining when UL would be the right choice for clients, and when term life would offer greater benefit.
Single issue policies will be available to clients aged 30-85
Commission changes and simplified products could appeal to clients
Manulife UL, which replaces InnoVision lineup, features a new commission structure for advisors