Pension Max
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and to support anonymous - we do WL all day - and some huge cases including replacing UL and VUL (my mentor has some $100,000+/yr premium clients).
No one has ever come back and said - why did you put me in this product... the companies selling a lot of good WL (NMFN, NYL, MASS, others too) - have low lapse ratios because people understand they are in the right product and see the value in WL.the perfect scenario (and one of the only ones) for UL or VUL - company has 5 executives they want to give bonuses too. you can’t give more to one or less to another through a 401k or other qualified plan - UL is the perfect vehicle.
i don't see many other situations where it is more beneficial to have UL/VUL instead of a combo of term/permmust be nice to work with people who have no monetary constraints then silver. gaul can be a very good alternative to whole life where the db is the only concern.