Why Is The Current Policy Not Competitive?
Over the past few years, lower interest rates, modern medical discoveries, and newer policy types being released by the insurance carriers, have created a competitive advantage for the life insurance consumer. An underwriter rating can have a huge effect on how much premium is paid and the amount of death benefit increasing or decreasing for the Grantor. Actuarial and underwriting tables have changed in recent years along with the creation of Indexed Universal Life Insurance, thus creating better rates for most consumers. If the consumer has more money in their pocket that is not going towards premiums, that extra income can be deposited into their financial institution, which in most cases handles the Trustee services for their Life Insurance Trust.