- 191
Hey guys, I'm in IL. Met with a lady who wants to take out a small FE policy. She's T65, but has a host of medical issues, not the least of which is Congestive Heart Failure. Also COPD, Diabetes w/insulin, HBP, overweight and several hospitalizations in the last couple of years.
She's obviously not going to get any kind of normal life insurance. Modified, if she can get anything. She realizes this, of course.
She showed me a mailing from AARP for a Guaranteed Issue policy underwritten through New York Life. The rate was I *think*, in the $60s for 10K. Wish I got a copy of it, because I'm not a hundred percent sure, but I think that's close enough.
At any rate, is that a true GI? I was speaking with Forester's and thought I could get her a policy with them, until they mentioned Oxygen. And yes, she takes oxygen, but not all the time. Saw it sitting in the house, I know it's not her husband's.
I'm going to be getting contracted with NGL, Presidential, and United Home Life. I can get her NGL, but it's about $115 a month and she really wants to keep it under a hundred.
Any hope for this lady? I'm hoping she's patient enough to wait until I can find her something that'll be a good fit. If not, so be it. I figure even if I do all this research, and she goes with something else or with someone else, it'll be a learning experience since I'm so danged new at this.
One of the reasons I ask about the AARP is that I heard that it's not truly a Guaranteed Issue, and that it's more expensive than it advertises.... and that only AARP agents can sell it, us independents cannot.
I'm so new at this, btw that I've never sold an FE product. haha, so that's why the silly questions.
She's obviously not going to get any kind of normal life insurance. Modified, if she can get anything. She realizes this, of course.
She showed me a mailing from AARP for a Guaranteed Issue policy underwritten through New York Life. The rate was I *think*, in the $60s for 10K. Wish I got a copy of it, because I'm not a hundred percent sure, but I think that's close enough.
At any rate, is that a true GI? I was speaking with Forester's and thought I could get her a policy with them, until they mentioned Oxygen. And yes, she takes oxygen, but not all the time. Saw it sitting in the house, I know it's not her husband's.
I'm going to be getting contracted with NGL, Presidential, and United Home Life. I can get her NGL, but it's about $115 a month and she really wants to keep it under a hundred.
Any hope for this lady? I'm hoping she's patient enough to wait until I can find her something that'll be a good fit. If not, so be it. I figure even if I do all this research, and she goes with something else or with someone else, it'll be a learning experience since I'm so danged new at this.
One of the reasons I ask about the AARP is that I heard that it's not truly a Guaranteed Issue, and that it's more expensive than it advertises.... and that only AARP agents can sell it, us independents cannot.
I'm so new at this, btw that I've never sold an FE product. haha, so that's why the silly questions.
Last edited:
