9 Year Old Female 10/20 Year Pay

May 8, 2019

  1. germanwine1
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    germanwine1 Super Genius

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    Hello
    Any company wrtie a nine year old female 10/20 year pay?
    Asking for another agent as I focus on the senior market and do hardly any life then it's only FE.
    Thank you.
     
  2. WinoBlues
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    WinoBlues Guru

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    Many different ways to design that.

    You could find a Whole that is a 10/20 pay.
    Design a GUL to short pay.
    Project the non-forfeiture options to 10/20 pay. With a good par whole life maybe an IUL that gives the then adult child options to continue the premiums.
     
  3. pfg1
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    pfg1 Guru

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    Most every major carrier will do that. Figuring out what product is best and funding is best, that is the key. I do policies like that quite often. Most times I don't write at 10 or 20 pays... more as a max funded life pay to keep the door open for future funding down the road. If its purely a DB play, a short pay works fine. GUL or WL is all I would do in that situation. A short pay div paying WL with a quality mutual will be pretty impressive way down the road for sure.
     
    pfg1, May 8, 2019
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