Met with prospect yesterday who has whole life that he acquired via the credit union.
I looked at his papers and it has a policy number. The papers were loose and not bound together (like a normal policy). There is no company signature page or copy of his application.
The cash value page showed immediate coverage from year one on.
The welcome letter said something like "our 2 question whole life plan."
He called them and they told him it is an "individual plan."
Could this be a group whole life plan, with the group being the credit union membership?
I looked at his papers and it has a policy number. The papers were loose and not bound together (like a normal policy). There is no company signature page or copy of his application.
The cash value page showed immediate coverage from year one on.
The welcome letter said something like "our 2 question whole life plan."
He called them and they told him it is an "individual plan."
Could this be a group whole life plan, with the group being the credit union membership?
Source of insurance-forums.net
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