Final Expense for 47-49 Year Old?

[jdeasy]

Cold calls for FE has brought me to a mom who wants to purchase FE for her 47-49 year old son (she says she has a lot of kids and can't recall exact birth year at the moment..)
He's a non smoker, high blood pressure, no other ailments.

All the products I have are for 50 and up. Even so, the issue here is since she will be paying for it, on a fixed income, and is dealing with low income she needs the policy to be as low as possible for at leasst $8,000 coverage.

I really want to help out but I am stumped. Just finished speaking with Forester's looking to brain storm what they might have. The lowest, term life hypothecal is about $29.60. However, during our phone conversation she expressed how much it would really help if I found something under this price range.

Anyone have any direction for me?

AmCon, Monumental, RNA, AmAm, etc. Many companies to chose from for this one.

 

[WinoBlues]

Why not write him a non med whole life. That could be his best option.

 

[CABenefits]

AmCon, Monumental, RNA, AmAm, etc. Many companies to chose from for this one.

All great choices. I would add Cincy to the line up if he only has blood pressure issues. They go to $15k

 

[WinoBlues]

All great choices. I would add Cincy to the line up if he only has blood pressure issues. They go to $15k

That was who I was thinking of. I thought they went down to $10,000.00. He would be none med. Not even a PHI.

 

[RonRoberts]

Why not write him a non med whole life. That could be his best option.

Are you stating non med whole life for the purposes of having a benefit higher than the normal FE benefit?

 

[jdeasy]

Is this going to provide the client with better pricing than a SIWL?

In many cases it will. Most SIWL is standard through 4 tables. Some through 6 tables.

If the non med is less than a table 4 then it will be better priced. RNA's, for example would be far better priced, but it's a $25000 minimum.

 

[WinoBlues]

Is this going to provide the client with better pricing than a SIWL?

That or more protection per dollar. R o p term could be another option really depends on the specific need.

 

[RonRoberts]

Ok, I understand. I guess it just depends on the health of the prospect, and the problem with being an untrained new agent in the FE market one has to come to the realization that while offering the standard SIWL product to everyone may be the quickest and easiest thing for me to do, as we know I must learn my product line if I am going to sell the best product for the client every time.

 

[WinoBlues]

Are you stating non med whole life for the purposes of having a benefit higher than the normal FE benefit?

Sorry was not at the office earlier. Yes, most likely he could do better with a standard whole life policy.

Example: $10,000 non-med whole life $19.04 per month.
or $25,000 non med ROP 30 yr term with reduced paid up of $14,075 at age 79 $26.51. Both include ABR
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Ok, I understand. I guess it just depends on the health of the prospect, and the problem with being an untrained new agent in the FE market one has to come to the realization that while offering the standard SIWL product to everyone may be the quickest and easiest thing for me to do, as we know I must learn my product line if I am going to sell the best product for the client every time.

Chew got it Toyota.

...............

 

[Newby]

I guarantee you a. 50-year old son living with his mother is on disability. Either a hurt back or bi-polar.

I've come in on these a million times. You want simplified issue. Not just non-med.