He’s Got A Solution To VUL Blowup Exposure
To The Editor:
I just finished reading the article entitled “VUL Experts Want To Trim Blowup Exposure” in the April 8 issue. It went on to describe what “Blowup” means in industry jargon. And it showed how a policy will run out of gas if adequate premiums are not paid.
Darn it! We have known for years that this problem would come up and yet the industry keeps coming up with these gimmick policies that are now on the market.
To avoid a blowup of any policy, just sell whole life. You see, whole life has a guaranteed death benefit!
Reproduced from National Underwriter Life & Health/Financial Services Edition, May 20, 2002. Copyright 2002 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.