Term Over 65, No Health Questions

Mar 8, 2016

  1. brittanyday
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    brittanyday New Member

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    I have a client who has just recently had a hip replacement and will have knee replacements soon. Are there any term life companies that will take him? I am in North Carolina. He prefers term over whole life and he is 68.
     
  2. WinoBlues
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    WinoBlues Guru

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    Term to what age?
     
  3. brittanyday
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    brittanyday New Member

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    We would be looking for a 20 year term if possible. I got quotes but the companies I've looked at said we would have to wait until 90 days after his last surgery with no surgeries lingering.
     
  4. WinoBlues
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    WinoBlues Guru

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    That makes sense.

    You may want to quote him GUL and GULs dialed down to 90, 95 and 100 as well. I would also make sure that he sign an illustration showing when the policy terminates. CYA.
     
  5. aikenhealth
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    aikenhealth Expert

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    American Benefits Association - Term from $10k - $160k no health questions - must be a member of their Association @ a mere $49.95 per month which comes with $10k already - age banded - enrollment must occur before age 70 - Term lasts up to age 99 - roller must be "actively at work for a minimum of 20 hours a week for wage or profit" even self employed work - age band for a person age 68 - $10k on top of the $10k in the association membership = $20k is $25.82 +plus the $49.95 membership to qualify for coverage) - $50k is $129.19 ( +$49.95) - with a Guarantee Issue limit of $100k @ 258.20 (+$49.95) No pre ex condition smoking or h/w exclusions - no exam needed to get coverage - IF qualified members can buy from $110k - $250k by submitting evidence of insurability see

    w w w .com my aba benefits .com /manage
     
  6. WinoBlues
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    Maybe

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  7. JRoot
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    JRoot Guru

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    JRoot, Mar 9, 2016
    #7
  8. Glen Shelton
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    Glen Shelton Guru

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    I would have killed to have had that product when I first got into this business!
     
  9. go4life
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    go4life Expert

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    go4life, Mar 11, 2016
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  10. WinoBlues
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    He can contract you to sell it individually.
     
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