Too bad Transamerica doesn't do SPWL.
Got a guy who has Parkinson's and has a UL policy that is going to backwards..and fast.
Right now he's paying $35 a month for $25k UL with $19K of cash value. May just tell him he will have to bite the bullet. Thing is completely underwater.
SPWL won't create that much at his age but he wants access to his money if he needs it (non LTC or emergency)..only way I see to get him close would be to put him in an annuity with a bonus with lengthy contract and loss of tax advantages.
I don't know. Just seeking suggestions. Thanks guys/gals.
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Got a guy who has Parkinson's and has a UL policy that is going to backwards..and fast.
Right now he's paying $35 a month for $25k UL with $19K of cash value. May just tell him he will have to bite the bullet. Thing is completely underwater.
SPWL won't create that much at his age but he wants access to his money if he needs it (non LTC or emergency)..only way I see to get him close would be to put him in an annuity with a bonus with lengthy contract and loss of tax advantages.
I don't know. Just seeking suggestions. Thanks guys/gals.
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