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 Posted: Thu Oct 29, 2009 2:34 am Post subject: EIUL |
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There are alternatives to EIULs. There are VUL's which have no upside and no downside on the return. Yes, you can lose money, but, there is a fixed account, so when you want to transfer the funds into the fixed account, which return about 3-5%, then go ahead and avoid the downside of the market.
Any retirement type saving needs at least 10 years of savings with no withdrawls to build up the nest egg.
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anonymous222
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| Posted: Sun Nov 08, 2009 4:18 am Post subject: EIUL |
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What are common agent commissions on this product?
ie: $10,000 premium years 1-7 what would the agent receive 1st year and trailing 2-7? Thanks.
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anonymous59
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| Posted: Tue Nov 17, 2009 3:31 am Post subject: |
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That depends on the company and how good your contract is. Usually around 70 - 90% the first year and whatever you'll agree to in the following years. But HOLD ON JUST A SEC. Help me with something here because I might be reading your message incorrectly.
Are you insinuating that a $10,000 premium will only be paid for 7 years? If so, what happens after that?
Thanks for clearing this up,
Mark
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InsInvestigator
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