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Article: New Design Combines Best of VAs And VULs. (Product Trends).(variable universal life insurance, variable annuity)(Brief Article)(Column)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- December 10, 2001
- Author:
CopyrightCOPYRIGHT 2001 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The complexity of life insurance--especially variable universal life with its myriad charges (e.g., cost of insurance, etc)--has been a major impediment to expanded sales.
Another key impediment has been the complexity of the fulfillment process.
The rather daunting nature of these two factors has kept many producers away from VUL, even though they recognize its Superior benefit structure and tax advantages.
One resolution to this conflict is emerging, however. It is a new type of product that combines the simplicity of a variable annuity and the tax advantages of a non-modified endowment VUL. It provides the best of each type of policy and ...
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...The only reason you need life insurance is to solve a problem. "Generally the problem that life insurance solves is to provide assets for your ... clothing, education, weddings and cars? Life insurance provides funds for the family to take ...
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