Grand child riders /Children's WL

[noah]

Have a 5 year old with an insulin pump (diabetes diagnosed age 2) riding 10k on a 50k term policy out of contestability.

Policy owner wants to ditch the term for WL but does not want dich it unless she can either.....

1.Get CWL for the 5 year old.
2.Take out WL and add the 5 year old as a rider.

Rider has been declined by LBL due to insulin pump.

I don't write riders or much CHL.

What's the best way to put this one together ?

 

[tribetime32]

Yeah that is a tough one. The best option would be to convert the term into a whole life if possible and keep the child rider. Most companies if not all are going to ask about a "chronic medical condition" or diabetes explicitly. Hope this goes well for you Noah.

 

[noah]

No conversion here,Primerica 15 year level then skyrocketing ART.

 

[Allen Trent]

Likely best for client to keep the Primerica term & apply for new Permanent & term elsewhere. Then, ask for a copy of the child rider endorsement contract language. It will spell out what options the Child Rider has long term. IE - many have the right to convert to WL for up to 5x the Child rider amount at some point in time like at age 25 or from age 20-25. Maybe becuase it is Primerica, it will not have a conversion option to WL, but maybe will have a conversion option to term. Hopefully that is the case. I would suggest you reach out to a professional primerica agent with experience, but generally you cant locate someone that has more than a short number of months experience.

 

[rousemark]

Have a 5 year old with an insulin pump (diabetes diagnosed age 2) riding 10k on a 50k term policy out of contestability.

Policy owner wants to ditch the term for WL but does not want dich it unless she can either.....

1.Get CWL for the 5 year old.
2.Take out WL and add the 5 year old as a rider.

Rider has been declined by LBL due to insulin pump.

I don't write riders or much CHL.

What's the best way to put this one together ?

Senior life has GI down to age 0..

 

[noah]

Likely best for client to keep the Primerica term & apply for new Permanent & term elsewhere. Then, ask for a copy of the child rider endorsement contract language. It will spell out what options the Child Rider has long term. IE - many have the right to convert to WL for up to 5x the Child rider amount at some point in time like at age 25 or from age 20-25. Maybe becuase it is Primerica, it will not have a conversion option to WL, but maybe will have a conversion option to term. Hopefully that is the case. I would suggest you reach out to a professional primerica agent with experience, but generally you cant locate someone that has more than a short number of months experience.

Primerica does not offer WL.

Senior life has GI down to age 0..

Are you saying you would replace a policy out of contestability with GI ?

Greg wouldn't tell us if it's a 2 or 3 year wait.

Do you know which one ?

Would you trust,recommend,and allow your client that currently has coverage with you,to talk to,deal with,and do business with an Senior Life agent ?

What's the rate for a 5 year old female,10k GI with them ?

 

[goillini52]

Senior life has GI down to age 0..

So does Sons of Norway and at a much better price.

 

[goillini52]

Primerica does not offer WL.




Are you saying you would replace a policy out of contestability with GI ?

Greg wouldn't tell us if it's a 2 or 3 year wait.

Do you know which one ?

Would you trust,recommend,and allow your client that currently has coverage with you,to talk to,deal with,and do business with an Senior Life agent ?

What's the rate for a 5 year old female,10k GI with them ?

Sons of Norway would be $6.66 a month for $10K, but you wouldn't want to stick them with that premium, so you could write them more...say $25K for $16.64 a month.

How many units of insulin daily?

 

[goillini52]

As long as the child has never used more than 50 units a day in the past 5 years, Sentinel Security will take the child Level. $10K/$9.19 a month...$25K/$18.47 a month.

 

[noah]

Can ride Trans for 5k with 0 health questions.
Convert to WL after 2 years up to age 22.
Not certain on guaranteed insurability and as usual multiple departments cannot tell me ?