Best Cost Plan for 83 Yr Female

[zoretic1]

I have a 83 year female client looking for 15k-20k. Need to use a fully underwritten plan(Whole Life )to get lowest cost. Looked at RNA but can't use since minimum is 25k. Are there any companies that can beat the Am. Memorial or Monumental rate for simplified issue?
What companies can go under 25k on fully underwritten? I am going fully underwritten instead of simplified issue to get lower rate.

 

[Rearden]

Just write her up with:

1) AmMem (Lowest cost for the eldest)
2) Monu, or
3) Oxford

Just know you're probably going to take a big commission cut on AmMem because of age. But you'll get her the best deal.

I wouldn't bother wasting time on going fully u/w. AmMem will probably beat some of the Table ratings she'd probably end up with.

 

[Iwillpay]

I have a 83 year female client looking for 15k-20k. Need to use a fully underwritten plan(Whole Life )to get lowest cost. Looked at RNA but can't use since minimum is 25k. Are there any companies that can beat the Am. Memorial or Monumental rate for simplified issue?
What companies can go under 25k on fully underwritten? I am going fully underwritten instead of simplified issue to get lower rate.

NSS Life if she is in good health.

 

[jdeasy]

I have a 83 year female client looking for 15k-20k. Need to use a fully underwritten plan(Whole Life )to get lowest cost. Looked at RNA but can't use since minimum is 25k. Are there any companies that can beat the Am. Memorial or Monumental rate for simplified issue?
What companies can go under 25k on fully underwritten? I am going fully underwritten instead of simplified issue to get lower rate.

$25,000 with RNA's Essential Life is going to cost less than $15-20K simplified issue.

 

[zoretic1]

$25,000 with RNA's Essential Life is going to cost less than $15-20K simplified issue.

I understand the price advantage at 25K with RNA but she only wants 15K face. Does anyone know of any competitive companies( fully underwritten plans) for this situation?

 

[jacobtn]

I understand the price advantage at 25K with RNA but she only wants 15K face. Does anyone know of any competitive companies( fully underwritten plans) for this situation?

no carrier is going to fully UW under 25k. So if you offer her 15k simplified, it will cost more than 25k fully UW RNA.

 

[zoretic1]

$25,000 with RNA's Essential Life is going to cost less than $15-20K simplified issue.

no carrier is going to fully UW under 25k. So if you offer her 15k simplified, it will cost more than 25k fully UW RNA.[/quote

Not trying to be difficult but I was under the impression there were companies that fully underwrote under 25K. If so, I would like to know who they are so I can have as many options as possible?

 

[rousemark]

Dude..You are way over thinking this thing. Show her what 15K SI will cost her and what 25 K will cost her and put the money in your pocket.. Tell her she can always use the extra 10K as a gift for her family or favorite charity..

 

[Tahoe Ray]

I'm not sure if this will help but I do remember seeing this thread:

http://www.insurance-forums.net/for...anybody-appointed-cincinnati-life-t49480.html

I'm not sure what their issue ages are for the product that they're talking about...

 

[Rearden]

Dude..You are way over thinking this thing. Show her what 15K SI will cost her and what 25 K will cost her and put the money in your pocket.. Tell her she can always use the extra 10K as a gift for her family or favorite charity..

Thank you Rouse.

Show 'em both. Let HER decide. You profit either way.

Make it easy to make her a client.