AARP/NYL Rates for 75 Yr Old Woman, 80 Yr Old Woman?

[wehotex]

I know a woman that is currently 68, FV= $10,000 with $50K AD rider. From the website, I know that it is a term policy whose rates increase every 5 years. Since they don't insure someone who is already 75, I don't know what the rates are in that band. Anyone know what kind of rates they can expect when they hit 80 under this policy?

 

[WinoBlues]

I know a woman that is currently 68, FV= $10,000 with $50K AD rider. From the website, I know that it is a term policy whose rates increase every 5 years. Since they don't insure someone who is already 75, I don't know what the rates are in that band. Anyone know what kind of rates they can expect when they hit 80 under this policy?

Yup, $0.

The policy terminates at age 80.

 

[jdeasy]

I know a woman that is currently 68, FV= $10,000 with $50K AD rider. From the website, I know that it is a term policy whose rates increase every 5 years. Since they don't insure someone who is already 75, I don't know what the rates are in that band. Anyone know what kind of rates they can expect when they hit 80 under this policy?

I don't have the rider rates. For $10,000 face she is paying now $27.38/mo. At 70 it will go $39.83/mo. They don't publis the 75 rate but it's in the policy. The last one I saw went to about $60/mo from the best of my memory.

At 80 and one day the policy cancels.

 

[jacobtn]

your policy may be worthless one day, but its backed by the strength and stability of Ny Life...! LOL

 

[Newby]

your policy may be worthless one day, but its backed by the strength and stability of Ny Life...! LOL

Yes, SWEET! No worries.

 

[coloradoseniormarket]

Yes, SWEET! No worries.

At 80, you slip off the edge of the earth - no one lives that long except my mother.