Should I Replace this Policy?

[WinoBlues]

IF they accepted, I would tell the client to consider some sort of combination. Cut his term face value down to 10k for 2 years and swallow the extra premium for instance. He's going to be on an escalation schedule anyway but at least you can put a finite timeline on it.

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Btw, I disagree with "get paid". We are here to do the right thing by the client no matter what. I recently helped a couple turn their AARP NY Life into WL because there was no better option...BUT it was the right thing to do and the best advice they received in years. I made no money but they appreciated the help and I still do quite well regardless.

Just an FYI, very few plans can reduce below 25,000. Most don't even start below $100,000. Good idea though, one I have used with larger face plans.

@get paid. That!

 

[springbokhouston]

Just an FYI, very few plans can reduce below 25,000. Most don't even start below $100,000. Good idea though, one I have used with larger face plans.

@get paid. That!

True, I didn't think of that... However most of the bs carriers like Globe or NY will do it. I would do the same thing on a collapsing UL if health was an issue.

 

[Todd King]

If that's Rose Faulkner, she's an ***. When I 1st contracted with ACI, she sent me supplies for S. Carolina...then Tennessee...then on the 3rd try, she got it right. That was around 10 years ago. She's been there awhile.

Yep, that would be her. I have no idea how in the world she's still employed there. I don't know that I've ever witnessed her doing something correctly. On top of that she's about as slow as a snot covered sloth!