Children's Whole Life

[edward67]

I am comparing Child Whole Life Policies and it seems that Globe has the best deal out there if we are talking about a non participating policy. Compared to RNA and TransAmerica it seems they are cheaper.

I have the brochure on Globe and it says Whole life, Rates locked.

Globe 10yr old Male 20k= $9.45 a month.
RNA Essential Life 20K =15.01
TransAmerica 10 Pay 20K = $43.50

If the kids lives another 50 years, considering all the above, the 10 pay is only slightly less as far as total amount paid in but if there is an early death would it not be better to be with globe and have paid in less?

 

[TwiLight]

Look at Gerber. The grow up plan is now available for agents to sell with the new Guaranteed Issue plan.

 

[deadhead]

Columbian Life 40 with RPU of 19k in 20 yrs...18.95

 

[inreverse]

GPM, age 10,male, 25,000 = 23.32 a month, doubles at age 18 to 50,000,no premium change , GIO is included automatically, participating policy that pays dividends

 

[GoCubsGo]

RNA 20 pay is 20.11

Tell them he can pay 9.45 for the rest of his life, like 70 years or 20.11 for only 20 years and be done.

 

[smokin goose]

Just checked Mon's 10pay. $43.30 for 20k. Higher than I thought it would be.

 

[TeaJay33]

mutual has one too. i can get you rates if need be, but i'm not near them at the moment. anyone know how they stack up?