Help with quote for 63 male Whole Life

[Allen Trent]

can you explain what you mean by this?
I have a client around the same age and he’s looking for the same type of coverage.

what he is saying is make sure when you write a no-lapse UL that you make sure you solve for & have the premium meet the no-lapse guarantee for the full length of age 100 or age 120. Setting them up to pay to meet the no lapse guarantee to age 90 or less is such a tiny difference in premium, but if the client outlives what you set up, the policy ends.

no lapse UL, IUL is really just term life to whatever age you set the premiums up to be guaranteed to provide for (sure, the UL & IUL could have cash value in early years, but really only written as a guaranteed protection policy, ala term

 

[Dylan Greenwood]

Foresters Advantage Plus II

Base Policy 25,000
Term Rider 75,000 20year
Total Coverage 100,000
When term runs out, still have 25,000 Whole Life for Cost of Funeral.

$263.48