Age Chart

[rousemark]

Jeez Fisher, that's the same thing I was thinking!
Goodness, we are financial professionals here; you have to committ to learning SOME basic math calculations.

Wow, does he know how to compute a premium from a $/1000 table? Or, do it in reverse if a client says she ony afford $40/month PERIOD.

Just how old are you? Do any of the young 'uns do such things any more? Most carry these little things called smart phones, tablets or computers that have apps that can be used to calculate rates.. For the few that don't have those new fangled toys, they have rate sheets that give the premium for certain face amounts or dollar purchase amounts.

 

[TDFnCali]

Jeez Fisher, that's the same thing I was thinking!
Goodness, we are financial professionals here; you have to committ to learning SOME basic math calculations.

Wow, does he know how to compute a premium from a $/1000 table? Or, do it in reverse if a client says she ony afford $40/month PERIOD.

How about a breakeven point?

Or, an ROI on a term ROP?

etc...

If u have nothing but ridicule to add to the thread, save it....u contribute nothing!! For u & the others here that didnt post anything helpful....dont worry about why I asked or what I can or cannot do. Just worry about your OWN biz, not mines & skip the post...the answer was provided by a helpful member!

 

[rousemark]

If u have nothing but ridicule to add to the thread, save it....u contribute nothing!! For u & the others here that didnt post anything helpful....dont worry about why I asked or what I can or cannot do. Just worry about your OWN biz, not mines & skip the post...the answer was provided by a helpful member!

Toby: I am not trying to be critical, a smart Alec or anything else but I am curious. How do you calculate premiums in the client's house? Electronic device? Pre Calculated rates cards that have the total price for certain amounts. Or do you use an old fashioned rate card that gives the rates per thousand and you have to calculate the premium for the face amount you need? ... Louis

 

[TDFnCali]

Toby: I am not trying to be critical, a smart Alec or anything else but I am curious. How do you calculate premiums in the client's house? Electronic device? Pre Calculated rates cards that have the total price for certain amounts. Or do you use an old fashioned rate card that gives the rates per thousand and you have to calculate the premium for the face amount you need? ... Louis

Depends on the company & the amount needed...sometimes a calculator based on rates per 1000 or sometimes a pre-calculated chart. I like to double check EVERYTHING 2-3 times before I go, I dont ever wanna have to go back & re-sell based on a mistake I made.

 

[jdeasy]

Depends on the company & the amount needed...sometimes a calculator based on rates per 1000 or sometimes a pre-calculated chart. I like to double check EVERYTHING 2-3 times before I go, I dont ever wanna have to go back & re-sell based on a mistake I made.

That's understandable, but an "age chart"? Com'on man!!

 

[Fisher]

Here's a simple way, TDF - if they haven't had their birthday yet this year punch 111 into your calculator and then hit the <minus> button. Now punch in the last 2 digits of the year they were born ie. '46' if they were born in 1946. Now hit the <equals> button. Now whatever number you see - on the calculator screen - is their current age.

If they HAVE already celebrated a birthday this year it's just as easy but you have to replace the 111 with 112.

Of course, if you're running rates for UHL (or pretty much any non-FE company) don't forget that they use 'nearest age' at which point it gets a bit more complicated.

 

[TDFnCali]

That's understandable, but an "age chart"? Com'on man!!

To each their own man, not sure WHY this is such a big deal to everyone....but hey, if I dont have to do the math, I dont want to...not to be confused with I cant!! Just as I CAN mow my own lawn or clean my own house....doesnt mean I want to!!

Fisher...thats a clever way too, thanks!!

 

[jdeasy]

To each their own man, not sure WHY this is such a big deal to everyone....but hey, if I dont have to do the math, I dont want to...not to be confused with I cant!! Just as I CAN mow my own lawn or clean my own house....doesnt mean I want to!!

Fisher...thats a clever way too, thanks!!

It's not a big deal to me. I just find it extremely funny for some reason.

 

[TDFnCali]

It's not a big deal to me. I just find it extremely funny for some reason.

Understandable....i love making jokes of ppl & just giving ppl a hard time in good fun. When it crosses that line to ridicule is when its a problem for me. I didnt get that sense from u or Fisher at all! Now stop interrupting me during the last 6min of the Laker game JD, lol!

 

[RonRoberts]

Come on yall. Quit bustin TD's chops. I always use my calculator then count by tens on my fingers to double check. Last thing I want to do is drive 2 hours and make a mistake. But, on a serious note.

I had a married couple in which I wrote a policy on the wife but when it came time for the husband he kept telling me he was 85. His drivers license showed September of 1925. I counted this one up 3 times and then asked Mr. Willie if he was sure about his age? He then told me "hell no I aint sure about nothing except I can't have sex anymore!" I laughed and his poor 79 year old wife chuckled and said "he got that right." Anyway, he is really 80 but he lied told the navy at 13 he was 18. Every document he has shows his age being 86.

With that being said, thanks Josh for the age chart. Even some of us intelligent folk need a little assistance at times. Aint that right TD?