9 Year Old Female 10/20 Year Pay

[germanwine1]

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.

 

[WinoBlues]

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.

 

[pfg1]

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.

 

[Jeremiah Schalk]

Could look into an IUL as well. Typically has a better cash accrual than whole or guaranteed universal

 

[DHK]

At that age, a GIO (Guaranteed Insurability Option) rider is the most important. At various ages, they can increase their total coverage guaranteed. If it's a 10-pay or a 20-pay, they can buy additional policies for that additional coverage.