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jesus christ i hate VUL products
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it never fails that someone inevitably sells a VUL policy to someone who has no idea how to maintain it and then the client gets assigned to someone
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someone else rather
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and in this case the clients never responded to pleas to "please meet with us bc uhhhhhh ur policy"
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now after like 3 calls of that nature we're receiving calls from aforementioned client "why has my policy lapsed i thought it had value 2 pay it"
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look you had a 250k death benefit with a 30k cash value you literally took 25k of that distribution over the course of the last couple years. the 5k that you DID NOT INEVITABLY TAKE BACK WENT TO YOUR PREMIUM
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AND THE COST OF INSURANCE AND ALL THAT SHIT BUT GUESS WHAT THE 5K RAN OUT. YES YOU NEED TO PAY A PREMIUM.
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rrhsdflkjsdf GOD
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the VUL product is such fucking shit for so many people
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i wish agents would actually evaluate the needs of their clients before selling them that goddamn thing
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and frankly the same thing for UL policies
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EVERY UNIVERSAL LIFE PRODUCT
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IT MAKES ME CRAZY APRIL
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I DON'T ENVY YOUR LIFE
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RHDJSKF JF YES
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RRGHKASJFKDaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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IN THIS CASE IT'S YOU HAVE NEVER MADE A PREMIUM PAYMENT IN YOUR ENTIRE HISTORY OF HAVING THIS POLICY BUT YOU SURE DID EAT AT THE CASH VALUE THROUGH MULTIPLE HUGE DISTRIBUTIONS.
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DID YOU THINK THE CASH VALUE WOULD MAGICALLY TURN INTO 250K OR SOMETHING BECAUSE IT DOES NOT. THAT IS IF YOU DIE.
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AND TO BE HONEST YOU DON'T BENEFIT FROM THAT PAYMENT IF YOU DIE, YOUR GOD DAMN SPOUSE DOES.
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PLEASE DO NOT BE SHITTY TO ME BECAUSE YOU IGNORED MY PHONE CALLS TELLING YOU YOUR POLICY PREMIUM NEED TO BE PAID OR ELSE IT WOULD LAPSE.
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PLEASE DO NOT BE A JERK BECAUSE YOU LITERALLY DID NOT FUND YOUR POLICY AFTER YOU BASICALLY ATE ALL THE MONEY IN IT
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WHAT MAGIC MONEY IS IT SUPPOSED TO RUN OFF OF
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YOU FUCKING ATE IT
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im going to scream i hate UL products so much
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exploding ULs are even worse
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thank fucking god i haven't had to have one of those calls since working here
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SEE THE THING IS IN THIS PRODUCT THE CASH VALUE AND THE DEATH BENEFIT ARE COMPLETELY SEPARATE. THE DUDE GETS THE BEST OF BOTH WORLDS
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HE JUST NEEDS TO PAY THE POLICY???????????????????????
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TO PAY THE PREMIUM??????????????????????????????????????????????
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:U WHAT DO U MEAN THE 30K I ORIGINALLY DUMPED INTO THE POLICY'S CASH VALUE THAT I TOOK 25K FROM ISN'T GOING TO PAY THE POLICY FOREVER??????????????????
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BECAUSE IT'S 5,000 AND IN CASE YOU DIDN'T NOTICE YOU'VE HAD THE POLICY FOR A WHILE.
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if he reinstates it he will have to go through underwriting but he will still have that full 250k death benefit provided he actually, you know, pays his policy.
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rkrjfsdlkfjdlsfjskldgjtkjgd;slgkj yeah
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there are some other permanent policies where the cash value isn't separate but i forget what products those are and i think they're even discontinued
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i thin kthey're old industrial ones
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those are always fun too
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somehow my 3 hour sleep brain wasn't taking that par tinto consideration
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maybe it's also the fact this guy IS A FUCKING DOCTOR
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WHO CAN PROBABLY AFFORD HIS PREMIUM PAYMENTS?????????
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AND BILLS????????????????????
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PLEASE JUST PAY
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PLEASE DON'T BE TERRIBLE BC YOU HAVE TO GO THROUGH UNDERWRITING AGAIN
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DR THIS COULD HAVE BEEN AVOIDED IF YOU MAILED THE PREMIUM PAYMENT IN BACK ON THE 7TH OF THIS MONTH WHEN YOU SAID YOU WERE GOING TO DO IT.
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THIS HAS BEEN A CHAIN OF CORRESPONDENCE SINCE "WHY IS MY POLICY LAPSED"
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i am going to scream i hate variable life
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i'm sorry this is your life
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for the most part i handle securities products now so i'm actually getting rusty on the insurance side so when ppl need explanations sometimes i go braindead.
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for the most part i handle securities products now so i'm actually getting rusty on the insurance side so when ppl need explanations sometimes i go braindead.
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plurk why'd you double that
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also i know the VUL is basically a securities product but i fucking loathe i wish it would erupt into fire and cease existing
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and/or anyone who contemplates selling it without evaluating the very specific circumstances in which a VUL is beneficial would get set on fire
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just like the second they think of it i wish they would acquire a fire
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somewhere unspecified on their person
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"hey i'm going to sell a VUL policy to someone who won't understaAAAAAAAAOH NO A FIRE"
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"whew that fire is put out, now that the fire is put out i sure think i twould be a great idea to sell a VUL product to someone who won't understand bc hey NICE COMMISSIAAAAAAAAAAAAAAAA OH NO A FIRE"
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they'd learn eventually
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if i had one wish it is literally worth using it on that because this product is FUCKING BULLSHIT
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THINK OF HOW MANY ADMINISTRATIVE STAFF MEMBERS I WOULD SAVE FROM THIS GARBAGE
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STOP SELLING THE VUL STOP SELLIGN THE VUL STOP SELLING THE VUL DID YOU DO AN IN DEPTH ANALYSIS OF THE CLIENT'S SITUATION + NEEDS?? NO??? DON'T SELL A VUL
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SJTRGAPODDDDDDDDDDDDDDDDDFLGNKKKKKKKKKKKKKKKKKKrioet8guwwwwwwwwwwwww0reit reit reit reit reit reit reit
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ACTUALLY WHILE I'M AT IT
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DON'T SELL SHITTY REITS EITHER
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AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAARHJ))))))))))))))gh0w8888888888888gggggggggggggnsbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfkbfk
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that's how much i have VULs