76 Yr Old Male, Health Problems

[Indy007]

I'm looking for a carrier to place a guy I met today. He currently has a $14,500 AARP NYL term for $115.mo. He wants whole life as it expires at 80. He has COPD (no oxygen), and diabetes w/insulin, and smokes.

I currently only have American Memorial, UoO, & Standard Life for FE cases, and the COPD was a no go with all 3. I called NYL and he can convert to WL reasonably at $135/mo for $14,500.

Is there any other FE carriers who would issue level with his health problems for under $135/mo?

 

[The Gimp]

I'm looking for a carrier to place a guy I met today. He currently has a $14,500 AARP NYL term for $115.mo. He wants whole life as it expires at 80. He has COPD (no oxygen), and diabetes w/insulin, and smokes.

I currently only have American Memorial, UoO, & Standard Life for FE cases, and the COPD was a no go with all 3. I called NYL and he can convert to WL reasonably at $135/mo for $14,500.

Is there any other FE carriers who would issue level with his health problems for under $135/mo?

Unless I overlooked something, Monumental looks like a go, but higher than 135.

 

[Rearden]

Monu will be 2-year ROP -- Insulin and COPD.

This is one of the tough ones. If he didn't smoke, I'm 95% sure he could get immediate with Assurity's WL.

He'll probably do best converting the term to whole and sticking with NYL -- their conversion rates are pretty good.

 

[Newby]

I'm looking for a carrier to place a guy I met today. He currently has a $14,500 AARP NYL term for $115.mo. He wants whole life as it expires at 80. He has COPD (no oxygen), and diabetes w/insulin, and smokes.

I currently only have American Memorial, UoO, & Standard Life for FE cases, and the COPD was a no go with all 3. I called NYL and he can convert to WL reasonably at $135/mo for $14,500.

Is there any other FE carriers who would issue level with his health problems for under $135/mo?

NYL/AARP Doesn't offer whole-life. They have UL which they call permenent Life that won't have increases just because you get older. It can have rate increases if they decide to though.

It's probably about his best option. He screwed himself up when he bought their term instead of a whole-life back years ago. They have him trapped now.

 

[Todd King]

Monu will be 2-year ROP -- Insulin and COPD.

This is one of the tough ones. If he didn't smoke, I'm 95% sure he could get immediate with Assurity's WL.

He'll probably do best converting the term to whole and sticking with NYL -- their conversion rates are pretty good.

No, it would be a standard rating as long as the client wasn't insulin dependent before the age of 18.

Even if it did fall into the graded catagory, it depends on the state if it would be a ROP or an actual graded policy (30%/70%/100%).

 

[Rearden]

Monumental -- on the FE app 2nd page -- you'll have to check off COPD, as well as insulin-usage in the past 2 years.

Two check-offs in that section equate to 2 year ROP in TN.

 

[Todd King]

Monumental -- on the FE app 2nd page -- you'll have to check off COPD, as well as insulin-usage in the past 2 years.

Two check-offs in that section equate to 2 year ROP in TN.

You are correct brother! I completely forgot about that in the last section and overlooked it.

 

[Rearden]

They'd probably have to do a PHI and send the policy to you for an amendment sign because you forgot to put 2012 instead of just 12 on the PAC form anyway...

 

[TDFnCali]

I'm looking for a carrier to place a guy I met today. He currently has a $14,500 AARP NYL term for $115.mo. He wants whole life as it expires at 80. He has COPD (no oxygen), and diabetes w/insulin, and smokes.

Not to be mean, but having all those issues & still smoking, this guy should just thank his lucky stars he's alive like every hr of every day!!

What does it take to make a smoker quit, geez??

But unless your state in diff, Todd King is right....Monu in Part B2 ask if the client has had diabetes before 18 (im assuming not-so thats a NO) & if client USES oxygen, and in this case thats a NO also, so he would be standard, 1st day coverage!!

Is your app different Reardon??

 

[Rearden]

Page 2 near the top; and read the directions in the box below it.

Not to be mean, but having all those issues & still smoking, this guy should just thank his lucky stars he's alive like every hr of every day!!

What does it take to make a smoker quit, geez??

But unless your state in diff, Todd King is right....Monu in Part B2 ask if the client has had diabetes before 18 (im assuming not-so thats a NO) & if client USES oxygen, and in this case thats a NO also, so he would be standard, 1st day coverage!!

Is your app different Reardon??