Ran into a lady who's 75 in incredible health as i saw her blood results for 2 weeks ago with genworth. She tried to get 50k 15 yr level but they turned her down because of income. Health wise she's preferred but is there anyone who will even write a 15 yr level term on age 75. Can i get 30-40k with a $1k a month income? what co's will do this? Thanks
75 Yr old Wants 30-40k 15 Level Term. Who
- Thread starter jlata1
- Start date
- 634
You could structure a UL for 15 years.
- Thread starter
- #3
- 24,940
I think Americo. Show her those rates then show her a dialed down UL and a to 121 using the Americo premium. Let her pick. If she takes the term(dumb), sell it.
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You may be able to stretch the financial guide line with a company if you can sell the need. A good cover letter goes a long way.
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- #5
- 24,940
Last edited:
- 4,689
LSW 50K under 100 bucks FTW?
- 24,940
What is the income multiplier at age 75 with them?
- 4,689
Not sure about income with LSW---but this would be about 9% of her income. Genworth would have costed her more than 10% of her income.
As you said, a good cover letter would be a good idea since there are more variables to consider.
I've never even considered a 15 yr term policy for a 75 year old to be honest.
As you said, a good cover letter would be a good idea since there are more variables to consider.
I've never even considered a 15 yr term policy for a 75 year old to be honest.
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