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I was curious to see if it is possible or are there any reputable companies who offer a 25K face value level premium term policy?
I ran my 61 Y.O. client through my vendor and the lowest I can go is 50K. He is a non smoker. He takes no meds but hasn't gone to the doctor for a check up for a while.
He has a policy now I believe through AARP or something but it keeps going up in premium every 5 years and he is not happy. I told him a year ago to get rid of it but he didn't listen. Now he has his new rate and he is ready to do something.
Problem is, he keeps thinking that I want to sell him 50k worth of coverage not 25k. LOL I told him I was told that to do 25k, I would be putting him into the same type of product he is in now.
I can get him Genworth, 50K, level 20 year term in Florida for $49.54 a month provided he comes back preferred.
NOW THAT YOU HAVE THE FACTS, THE QUESTION IS, CAN I GET HIM 25K LEVEL TERM? I want real life insurance where they send out a paramed and all that not some FE policy BS. If they don't have such a term, why not? Is it just because it is not financially smart on the insurance companies part? I figure the premium will be about the same even if I can get such a product.
He says he just needs enough to pay for his 'military' funeral and I try and explain that 25k might not be a whole lot of money in 15 years but he doesn't get it. We are talking about one stupid guy here but I need more training on filling out life apps so hey, why not? Plus I am a sucker for punishment.
If you have any other ideas, feel free but I have to stay under $50 bucks a month, preferably, low 40 dollars.
I ran my 61 Y.O. client through my vendor and the lowest I can go is 50K. He is a non smoker. He takes no meds but hasn't gone to the doctor for a check up for a while.
He has a policy now I believe through AARP or something but it keeps going up in premium every 5 years and he is not happy. I told him a year ago to get rid of it but he didn't listen. Now he has his new rate and he is ready to do something.
Problem is, he keeps thinking that I want to sell him 50k worth of coverage not 25k. LOL I told him I was told that to do 25k, I would be putting him into the same type of product he is in now.
I can get him Genworth, 50K, level 20 year term in Florida for $49.54 a month provided he comes back preferred.
NOW THAT YOU HAVE THE FACTS, THE QUESTION IS, CAN I GET HIM 25K LEVEL TERM? I want real life insurance where they send out a paramed and all that not some FE policy BS. If they don't have such a term, why not? Is it just because it is not financially smart on the insurance companies part? I figure the premium will be about the same even if I can get such a product.
He says he just needs enough to pay for his 'military' funeral and I try and explain that 25k might not be a whole lot of money in 15 years but he doesn't get it. We are talking about one stupid guy here but I need more training on filling out life apps so hey, why not? Plus I am a sucker for punishment.
If you have any other ideas, feel free but I have to stay under $50 bucks a month, preferably, low 40 dollars.
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