Any Carrier Would Write an 86 Year Old Not Final Expense

[mjnoles1]

I have an 86 year old male that is looking for $225,00 worth of life insurance to cover his mortgage and his mortgage is for 20 years.

He is in good health overall.

The Issues:

-He does have something called "nutcracker esophagus" and takes "butorphanol" everytime before he eats. Has been taking that medication for about 5 years now.

-Takes Verapamil for Blood Pressure. Has been taking that medication for about 2 years.

-Lovastatin for Cholesterol and has been taking that medication for about 2 years.

Lastly 5'9 170 pounds and non smoker.

Any insurance carrier going to touch this guy?

 

[dgoldenz]

How much is he willing to spend? ING, American General, John Hancock, and Transamerica will sell to someone age 86, but it won't be cheap....at standard rates he'd be paying $27-33k/year.

 

[senior-advisor-indiana]

It's odd that an 86 yr old would have a 20 yr loan.

 

[TRSecurity]

I've been dealing with a younger case (67) with a nutcracker esophagus. It can turn into a real underwriting pain based on the symptoms of the disorder. Tread carefully with that one.

You can also check on some fraternals as they often write up to age 100.

 

[Kicker]

I love how optimistic this client is.

 

[VolAgent]

I love how optimistic this client is.

Why not, he's hung around for 86 years already.

 

[dgoldenz]

It's odd that an 86 yr old would have a 20 yr loan.

Is it a surprise that someone with a 20-year loan at age 86 is the same person looking for life insurance age 86? Just asking...

 

[senior-advisor-indiana]

I guess if you don't have that kind of money at 86 I would be getting all tue 20 yr loans that they would give me.