FE "Term" to age 85? 90?

[Todd King]

I hate to say it, but Trans writes 10 year term up to age 80 (so your 76yo would have coverage up to age 86) and has low face amounts (25k).

Good luck.

Hmmm, I feel like I should have known that!

 

[Tahoe Ray]

Hmmm, I feel like I should have known that!

You've probably subconsciously erased their info from your brain since they can be such a PITA.

 

[Desmond Doss]

You've probably subconsciously erased their info from your brain since they can be such a PITA.

Maybe since its small amounts the app will be less paper than the NAFTA agreements

 

[goillini52]

Hmmm, I feel like I should have known that!

Yes Todd, yo should've known that. Hmmmmmmm

 

[WinoBlues]

@Desmond Doss

My last Trans Term was $1,000,000 on a guy in his mid-sixties It was issued/paid in under thirty days. I kept expecting to get an email that it was issued in error.

But yes Trans will go to 15 years on your guy. that takes him past his Use By date.

 

[WinoBlues]

Don't you just love Termites.

I have been reaching out to a 20 year term client for several years reminding him that he terms out in 2019.

He has pretty much been ignoring me. He got his terming out letter from AIG today. Monthly premium increase from $32mo to $1,200.00 mo.

He called me.


Oh, and now he is age 74

 

[rousemark]

Any FE carriers out there that do small amounts that term at 85 or 90?

Standard Life and Casualty has the Savers Legacy Plan that is issued in amounts of $10K - $100K . Issued ages 45-75..Runs through age 80 but is convertible without evidence of insurability up until 3 months before the termination date. Simplified issue with very few health questions.

 

[Desmond Doss]

@Desmond Doss

My last Trans Term was $1,000,000 on a guy in his mid-sixties It was issued/paid in under thirty days. I kept expecting to get an email that it was issued in error.

But yes Trans will go to 15 years on your guy. that takes him past his Use By date.

Great thanks!

 

[goillini52]

Standard Life and Casualty has the Savers Legacy Plan that is issued in amounts of $10K - $100K . Issued ages 45-75..Runs through age 80 but is convertible without evidence of insurability up until 3 months before the termination date. Simplified issue with very few health questions.

The guy's 76. Do they backdate for age?

 

[WinoBlues]

Standard Life and Casualty has the Savers Legacy Plan that is issued in amounts of $10K - $100K . Issued ages 45-75..Runs through age 80 but is convertible without evidence of insurability up until 3 months before the termination date. Simplified issue with very few health questions.

On a 75 year old:
How long of a level period will they go?
What would the premium be on say a $50,000 and $100,000?