I have a guy getting ready to turn 65. He has an optional policy that he took through ford for $176 per month for $100k.
At age 70 it increases to $324 per month and coverage decreases to 75k. At age 75 it goes down to 37500 at an even higher premium.
He is overweight, diabetic, and has had heart issues. I think I can get him an immediate benefit with a FE company but would that be in his best interest? His policy through ford is a ticking time bomb but who knows how long he is going to live.
Any thoughts or suggestions? Thanks in advance.
At age 70 it increases to $324 per month and coverage decreases to 75k. At age 75 it goes down to 37500 at an even higher premium.
He is overweight, diabetic, and has had heart issues. I think I can get him an immediate benefit with a FE company but would that be in his best interest? His policy through ford is a ticking time bomb but who knows how long he is going to live.
Any thoughts or suggestions? Thanks in advance.