10 Yr. Term Conversion Questions

[CALTCAgent]

You could simply do a three way call with the owner and company. Ask if the agent is current and about conversion, order a conversion illustration. Also get an informed so that you can show what the renewal premium will be (sticker shock) so that it makes sense to convert or rewrite. Also if you wind up not doing anything now you have something to show them the year before it renews. Have everything emailed or faxed to you.

I think I will do that first before we all waste a lot of time.

When you say rewrite, do you mean adding coverage with another company ?

If the old agent is like most he has not kept in touch so I would poison the water by asking if they have serviced the policy.

Good idea.

The company name would be very helpful. I would go in with rewrite options as well. Not weighing one over the other till you have all the facts.

I agree. Good advice.

I love these where the child is asking for the information, but the parent still handles their own affairs, legally anyway.

I get second hand information from the daughter, who I can't understand what her exact decision making role.

I think I'll do the phone call route first.

 

[WinoBlues]

I think I will do that first before we all waste a lot of time.

When you say rewrite, do you mean adding coverage with another company ?



Good idea.



I agree. Good advice.

I love these where the child is asking for the information, but the parent still handles their own affairs, legally anyway.

I get second hand information from the daughter, who I can't understand what her exact decision making role.

I think I'll do the phone call route first.

Auto correct error. meant Inforce illustration.

And yes rewrite whatever is left of the ten year term. At best it will only run to his age 74 now.