GI Final Expense

[PittAgent]

ROP stands for return of premium, hence they would only get their premiums returned + maybe 10%. So I think you may be describing their graded product.

My fault thank you for correction. This is the main reason I have GPM. They will do the graded 30/70/100 for cancer of any kind.

 

[Phillip Arnn]

O.K., what should I get, graded (what does that mean?) or ROP? What is the difference in these two policies?

 

[WinoBlues]

O.K., what should I get, graded (what does that mean?) or ROP? What is the difference in these two policies?

Get the phone number to Brad (360), Todd King, Or Newby. I use both Brad and Todd and highly recommend both. Newby has provided a lot of valuable information on here.

 

[Todd King]

O.K., what should I get, graded (what does that mean?) or ROP? What is the difference in these two policies?

I would suggest Gerber, which is a Guaranteed Issue (GI) policy. It's graded (that's what they call it), meaning it will pay back the premiums +10% if she dies within the first 2 years if by anything but accident.

 

[Phillip Arnn]

My thanks to you all. I'm praying and working to keep her around for years to come. But, she has no life insurance and although we both plan on cremation there is still that expense and FE seems to be the best option.
Phil Arnn

 

[Todd King]

My thanks to you all. I'm praying and working to keep her around for years to come. But, she has no life insurance and although we both plan on cremation there is still that expense and FE seems to be the best option.
Phil Arnn

You could also send in the new piece of business with your contract. Several of us on here can offer you the Gerber contract. Street level pays 60%.

 

[rndz7]

Todd....We need MOO.....yes?

Don

 

[Davis]

This was part of an email I got today from UHL:
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A True Guaranteed Issue Whole Life!

Issue ages: 45-75 (Age Last)
Face amounts: $5,000 - 10,000.

NO health questions, NO PHI, and NO fluids testing!

Agents must affirm, to the best of his/her knowledge, the following for a GIWL Proposed Insured:
That the Proposed Insured was present when applying for GIWL - Power of Attorney apps not accepted.
Not confined to a hospital, hospice, nursing home or convalescent home or does not require home health care.
Does not have AIDS or is not HIV positive.
Has not been diagnosed with an illness expected to cause death within 24 months.
Is not engaging in intravenous drug abuse.
NOTE: GIWL sales can be no more than 25% of an agent's total book of business with the Company.

I was told by underwriting that you can only write 1 out of 4 policies as a GI.

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GPM will do ROP 30% first year 70% second year as opposed to ROP + 10%

What does GPM stand for and is it offered in the state of Georgia?

 

[TwiLight]

I was told by underwriting that you can only write 1 out of 4 policies as a GI.

That is correct. UHL, does not really want GI business and wants it mixed in. Their pricing reflects that also. Very High priced GIWL plan.

 

[Nick Rogers]

I would suggest Gerber, which is a Guaranteed Issue (GI) policy. It's graded (that's what they call it), meaning it will pay back the premiums +10% if she dies within the first 2 years if by anything but accident.

Actually that's called modified. A graded plan is normally 30% death benefit the first year if they die, 70% the second year, then 100% after the second year.