Help with quote for 63 male Whole Life

[shooter]

I need to get a quote for a male 63 preferred and standard.
Face amount 100,000.

I have Compulife, and looking at the GUL, the premium
would be $220 per month standard and $188 preferred.

I just don't have ready access to Whole life quotes from
top WL companies to compare with.

Looks like he wants this for death benefit purposes.
GUL may be the best option, but I would show him
comparisons.

Input appreciated.
Shooter

 

[billyb]

Get a quote from Lafayette Life.

 

[pfg1]

I need to get a quote for a male 63 preferred and standard.
Face amount 100,000.

I have Compulife, and looking at the GUL, the premium
would be $220 per month standard and $188 preferred.

I just don't have ready access to Whole life quotes from
top WL companies to compare with.

Looks like he wants this for death benefit purposes.
GUL may be the best option, but I would show him
comparisons.

Input appreciated.
Shooter

If its a death benefit only play, no WL will be less than GUL...probably close to half is my guess with most of the quality mutuals. Just use a good carrier for the GUL and don't illustrate to age 90 to cut the premium down like some folks do.

 

[Lloyds of Lubbock]

I hope this helps you out

 

[Lloyds of Lubbock]

sorry wrong illustration
Guardian l121
I will get you a penn option also

 

[Lloyds of Lubbock]

Penn...note this is a blend

 

[shooter]

Lloyds thank you for the illustrations.
I guess the GUL would be the best option for him.
But I will show the Penn product.

Thanks to Billyb and PFG1 also.
I am getting a quote from Lafeyette.

This is what makes this forum a resource to many of us.
Thanks, everyone.
Shooter

 

[scagnt83]

Ameritas will be the most competitive WL option for pure DB. Standard rating is attached.

$314/m for Standard

$301 for Preferred

The big difference between this and a GUL is this has actual CV and is very close in premium.

 

[Allen Trent]

If its a death benefit only play, no WL will be less than GUL...probably close to half is my guess with most of the quality mutuals. Just use a good carrier for the GUL and don't illustrate to age 90 to cut the premium down like some folks do.

Plus, solve the UL so the client doesn't have to pay forever. Costs very little more to have it guaranteed earlier so client isn't screwed when they forget to pay when in Florida for the winter or in a hospital or nursing home

 

[WinoBlues]

Hey Shooter,

These guys are giving you great options.

At 67 just need to dial down what his goal or want is.

If I am comparing premium I am probably also going to look at what the WL Premium will do in a short pay scenario. At 67 is he still working. Will his

Plus, solve the UL so the client doesn't have to pay forever. Costs very little more to have it guaranteed earlier so client isn't screwed when they forget to pay when in Florida for the winter or in a hospital or nursing home

My thinking also. At least show the comparable WL premium into the GUL solve for short pay.

Then they have the options of CV or Short pay

I do not recall if Protective still has the rolling comp. This would add that the agent gets paid to target even if it goes into the next year.