Filed Bankruptcy in 2008, Can He Get a Life Insurance Now?

[sam816]

The prospect is a male in his 50s, he checked around acouple years ago but couldn’t get a policy. Is it possible to find one now? Hehas not had any debt issue since 2008.

How would you approach this case? Does a 5-year term makesense at this point?

TIA.

 

[WinoBlues]

The prospect is a male in his 50s, he checked around acouple years ago but couldn’t get a policy. Is it possible to find one now? Hehas not had any debt issue since 2008.

How would you approach this case? Does a 5-year term makesense at this point?

TIA.

No problem writing this. I can not think of a reason to do a 5 year term. Unless you are captive with a company that only has that as an option.

 

[Cory]

Has the bankruptcy been cleared or approved? If yes then no problem.

 

[VolAgent]

Assuming the bankruptcy has been discharged, there isn't a new one pending and the amount meets financial underwriting, then his one is 2008 is a non-issue. Just disclose it if asked, or it will be a problem.