Child Policies

[TDFnCali]

Is that an RNA thing? I have done it several times.

YES....they are a lil nutty with some of their guidelines!

The parents will SIGN, but the aunt wants to be owner!

 

[rousemark]

Sorry, the company is Cincinatti Life and I rounded up the premium, it is really $23. and change.
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Certain communities Aunts and Godmothers are very close to the children. Not that unusual for them to write small policies.

I agree. I have done it in several times in the past. The aunt wanted the plan to give to the child when it was paid up. If the aunt wants to be beneficiary some companies will balk at that claiming she does not have an insurance interest but as long as the parent signs as the applicant and is named the beneficiary, I have never had a problem making an aunt the owner and premium payor. ..

 

[WinoBlues]

I need to get an illustration, I thought child policies built up faster then that!

It would do a little better if full pay, but not enough to make up for all the extra premium. I really like 10 and 20 pays for kids.

 

[TDFnCali]

It would do a little better if full pay, but not enough to make up for all the extra premium. I really like 10 and 20 pays for kids.

Thats what I referring to...10 & 20pays, they dont build faster?

 

[HomeService]

Thats what I referring to...10 & 20pays, they dont build faster?

Well, when we are talking 15-20 bucks a month, it's hard to build large numbers fast.