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September 15, 2003
Guarantee's of Whole Life and Universal Life article in National Underwriter
Readinger Piece Highlighted in National Underwriter
The recent edition of National Underwriter magazine features an article written by Kathy Readinger, Director, Life Product Support.
Kathy describes how in today's market, both clients and financial advisors are looking for a sure thing when it comes to providing life protection for families and businesses. She explains how the insurance industry provides lifetime guarantees through traditional whole life insurance, as well as the relatively new universal life with a secondary guarantee component. Because both of these products have specific rules to maintaining death benefit guarantees, each is targeted to meet specific meets. Understanding the differences between them is therefore essential for helping advisors make the right recommendation to clients who are seeking the right product for their situation.
"Either whole life or universal life can be the right product for a client," says Kathy, "depending upon need and ability to pay premiums."
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