Term Life for Seniors

[Surancedawg]

I am running into a lot of folks over 65 with less-than-perfect health histories who really want term life coverage bad. Often, its because they've recently taken on a new mortgage and want income protection.

Have a couple of prospects 69+ who each have had pacemakers implanted over a decade ago. Any Term carriers who would be willing to offer coverage for folks like that? Thanks in advance.

 

[WinoBlues]

i am running into a lot of folks over 65 with less-than-perfect health histories who really want term life coverage bad. Often, its because they've recently taken on a new mortgage and want income protection.

Have a couple of prospects 69+ who each have had pacemakers implanted over a decade ago. Any term carriers who would be willing to offer coverage for folks like that? Thanks in advance.

gul


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I am running into a lot of folks over 65 with less-than-perfect health histories who really want term life coverage bad. Often, its because they've recently taken on a new mortgage and want income protection.

Have a couple of prospects 69+ who each have had pacemakers implanted over a decade ago. Any Term carriers who would be willing to offer coverage for folks like that? Thanks in advance.

A few companies will go 70ish on 20 year term. Longer and older than that and you will want to look at dialing down GUL.



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[Surancedawg]

Thanks Wino. I wonder who these companies are that will go 20-yr on 70ish folks

 

[NewbieNewbie]

Trans. Banner. American General.

 

[VolAgent]

There is another part to this puzzle.

Are the comfortable with an insurance premium that might rival their mortgage payment? Even standard non-tobacco rates will be substantial at those ages, if there are any table ratings it will only get worse.

The few I talked to in this situation, they lost interest very quickly once they found out what the premium would be.

 

[eersfan]

Alex Trebek would say "Colonial Penn"