Dealing with universal life premium increases
October 18, 2016 by Ed McCarthy
It’s hard to find any good news in the recent spate of premium increases for older universal life (UL) policies.
Policyholders face difficult decisions they didn’t anticipate when they bought the insurance. Advisors must explain to clients why their policies are at risk, and seek possible solutions. And, insurers seeking rate hikes are experiencing bad publicity and lawsuits.
We asked several advisors and insurance experts how to explain and approach the problem with clients.
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