Any Carrier Take This
- Thread starter usakr
- Start date
- 26,133
Ask Newby about preneed.
- 687
National Guardian Life
- 17,072
usakr said:
If they are looking for a million dollar 10-year term plan...no.
If they just want funeral coverage...yes. They can do a funeral preplan. Any family member can own the policy and sign. The insured does not have to sign or even be aware the policy exists.
- 26,133
What is the charge back period on their preneed?
- 687
Multi pay policies
Non-accidental deaths:
Month 1-6 = 100%
Month 7 = 85.71%
Month 8 = 71.43%
Month 9 = 57.14%
Month 10 = 42.86%
Month 11 = 28.57%
Month 12 = 14.29%
Month 13+ = 0%
All rescinds = 100% up to two years
Guaranteed: Month 1-12 = 100% Month 13+ = 0%
All lapses, surrenders, non-forfeitures, not takens in Year 1 = 100% Chargeback
