- 10,363
Yup. That is what has been advised: either manually change bene %s every year or set up trust, but most weren't not interested in the added cost of trust, etc. Laddereing term can make sense if total coverage not needed for others, but pricing at some younger ages & face amounts can make cost a bit inefficient because of added policy fee for each policy
Just seems so simple in my mind to use a collateral assignment, but not allowed so I am sure there is a valid reason by legal departments
Seems like they could do a year by year layout of the Beneficiaries allocated percentage. Make it a supplement to the app. Maybe they would let you write it in.
"Bene 1 gets 100% for y1-y5, 75% y6-10, 50% y11-15" etc.
I guess that would be hard from an admin point of view since the bene is listed on the online portal in most systems.