69 Yr Old, Lots of Rx.... Which Policy

[HelpingPeople]

I have a friend of mine (prospect) that had a stint put in about 4 plus yrs ago. Age now 69 and doing well. Taking lots of heart meds, and not diabetic. Doesn't drink and no smoking. Drives all over town and great conversationalist.

Wants final expense policy. I am thinking Americo and possible Forresters. Any other thoughts.

(Notes: Has adjustable $100k life policy which he wants to drop due to increasing premiums, but wants a small policy for final expense.)

 

[GoCubsGo]

I have a friend of mine (prospect) that had a stint put in about 4 plus yrs ago. Age now 69 and doing well. Taking lots of heart meds, and not diabetic. Doesn't drink and no smoking. Drives all over town and great conversationalist.

Wants final expense policy. I am thinking Americo and possible Forresters. Any other thoughts.

(Notes: Has adjustable $100k life policy which he wants to drop due to increasing premiums, but wants a small policy for final expense.)

Foresters doesn't take "great conversationalists". Ha

 

[jacobtn]

I have a friend of mine (prospect) that had a stint put in about 4 plus yrs ago. Age now 69 and doing well. Taking lots of heart meds, and not diabetic. Doesn't drink and no smoking. Drives all over town and great conversationalist.

Wants final expense policy. I am thinking Americo and possible Forresters. Any other thoughts.

(Notes: Has adjustable $100k life policy which he wants to drop due to increasing premiums, but wants a small policy for final expense.)

5 star or American Continental. Foresters or Americo would both be poor choices here given her health and medications.

 

[WinoBlues]

I have a friend of mine (prospect) that had a stint put in about 4 plus yrs ago. Age now 69 and doing well. Taking lots of heart meds, and not diabetic. Doesn't drink and no smoking. Drives all over town and great conversationalist.

Wants final expense policy. I am thinking Americo and possible Forresters. Any other thoughts.

(Notes: Has adjustable $100k life policy which he wants to drop due to increasing premiums, but wants a small policy for final expense.)

Assuming by Adjustable you are talking about a Universal Life.

Looking out for your friend's best interest you will want to order an in force proposal reducing the face amount to say $15,000 and $25,000 and doing a premium search to carry the policy to maturity date. Based on the guaranteed interest rate. I would also order one with the same face and premium that an FE would be Example: if 5 start is $100. for $25,000 order an inforce at $25,000 with $100 premium. If the FE premium is much higher show the UL short paying. No new contestability

If she is already at the point where she is being required to increase premium just replace her and get a new commission.