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Does any company offer a term product at age 79?
Dude is looking for a low face amount, less than 25k, and doesn't want FE. I told him that ship has most likely sailed years ago.
Dude is looking for a low face amount, less than 25k, and doesn't want FE. I told him that ship has most likely sailed years ago.
Does any company offer a term product at age 79?
When I occasionally run into that I quote them a whole life rate and see how they respond. Some will say, I can go with that. “ then I say and the advantage if this one over any term you have probably found is that this one will keep the same rate each year and you can cancel it any time that you want the term to end. (Usually favorable response. )
Once they are all ready to sign up I explain that the policy is whole life and not term. But the main difference at their age is that any term that will accept them is likely to cost about the same but will either cancel or increase in price after 12 months. This one stays the same. Most will sign up if they really wanted insurance. Some keep looking for that $14 per month for $100,000 term on a 79 year old.
It’s all good either way.
That's a very clever approach to the situation.
Are you using a final expense guaranteed issue (I may not have the terminology right there) FE type product where you are not getting into explaining any health qualification issues?
No. I would always ask general health questions (heart attacks, strokes, cancer, diabetes, lungs, smoking status) prior to quoting anyone. I would have a good feel for what they are going to qualify for and quote the product I plan to actually sell them.