ModLife from WCL Shakes Up the UL Market
06-04-2010
In March, West Coast Life introduced the latest addition to their product catalog, Mod Life.
This program allows clients with limited budgets to purchase policies now, and is also useful for smokers and table rated cases which might improve enough to move to a traditional UL policy before the rates increase.
Mod Life features a competitive internal rate of return at life expectancy, which can be set at 90, 95, 100 or 121. West Coast places a $50,000 minimum face value on standard cases, and $100,000 on all others. Optional riders include accidental death, children’s insurance, and disability coverage.
One unique feature offered with this product is the two year rolling target premium. If your client does not reach the target in year one, the premiums paid in year two will still count towards the target and your first year compensation.
How many clients have you seen within the past year that want life coverage but can’t find room in their budget? How many have been rated for short-term medical issues and declined the offered coverage due to price? Contact your BUA Brokerage Sales Consultant to see how this product can help with your difficult sales.
