For Entertainment Purposes Only.
Life Insurance Product Madness
The winners will be those participants who identify the insurers offering the optimal combination of 1) high ratings for financial strength and claims-paying ability, 2) among the most competitively-priced products, 3) where pricing representations are based on actual historical mortality experience, actual operating experience and actual investment experience, 4) where access to cash values is greater than in an average product, and 5) with superior actual historical performance of invested assets underlying policy cash values.
Gender...........................................
Age.................................................
Health-Risk Profile......................
Face Amount................................
Premium Payment Plan.............
Policy Objective............................
Risk Profile...................................
Investor Temperament...............
Male
55
Preferred
$1,000,000
Level-Lifetime Annual Premiums (but with the flexibility to skip and/or increase premiums in the future)
Dual-Purpose:
1. To protect the insured's family against premature death and the corresponding loss of family income, and
2. To accumulate cash value as both an emergency reserve and an "exit strategy" if/when death protection is no loger needed so the policy can be cashed-in for its cash value.
Conservative - the client seeks a product back by an insurer that is ranked at or near the top of all insurers for financial strength and claims paying ability.
Conservative - The main goal of clients with a conservative investor temperament is predictability of premiums and stability of policy cash values. Conservative investors are unwilling to accept cash value fluctuations that could lead to "premium calls". Cash value allocations corresponding to a conservative investor temperament are thus generally invested in low-risk securities such a government/corporate bonds, government-backed mortgages and/or money market securities. Because cash values underlying universal life (UL) and whole life (WL) and products required by regulation (as a practical matter) to be allocated predominantly to government/corporate bonds and government-backed mortgages, that have historically averaged around 5%, the most suitable product in this case is either UL or WL.
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