Thoughts on $25,000 Fully Underwitten???

[CFP83]

Besides RNA who goes down to 25k face amount on a fully underwritten product? Price is the leading concern so I would think a UL would be ideal.

This couple is a 62 year old couple in Florida...very very healthy so really I don't want to do simplified because they deserve cheapest rates available. Also they are both totally ok with going through a full medical exam if it will lead to the cheapest rate.

Also, I will not be seeing these clients face-to-face, rather I will be mailing the applications or doing some type of e-application or phone app.....I don't do much FE or applications where I'm not sitting with the client so I probably sound a little green here.

Thanks for your help folks

 

[jdeasy]

Besides RNA who goes down to 25k face amount on a fully underwritten product? I've got a 62 year old couple in Florida that is very healthy, don't want to do simplified because they deserve cheapest rates based on their great health and their totally fine doing the exam.

Also, I will not be seeing this client face-to-face, rather I will be mailing the applications or and "e-application" or something over the phone would be great.....sorry I don't do much FE or applications where I'm not sitting with the client.

Thanks for your help folks

They can't beat the rates of RNA's fully underwritten. And, at that age and face amount there is not an exam on the fully underwritten. Just more intensive questioning than the SIWL.

You don't have to meet face to face for that product. They do have to have a "wet" sig, so you will have to use mail.. They will do a phone interviw if you don't see them face to face.

They might do a phone interview even if you meet face to face, but they will always do one when the agent is not present at the application signing.

 

[Newby]

GenGuard UL is good for that if you want UL.

LaFayette Life has several whole life products that go down to $25,000. It won't be as cheap as RNA but does pay dividends.

 

[CFP83]

They can't beat the rates of RNA's fully underwritten. And, at that age and face amount there is not an exam on the fully underwritten. Just more intensive questioning than the SIWL.

Just was on RNA's website....it looks like at 62 and 25k the offer for a 62f ns is "standard" rates at $716yr.....seems like an excellent rate, however was just wondering with their superior health if anyone would issue a policy this small medically underwritten at preferred/preferred best.
- - - - - - - - - - - - - - - - - -

GenGuard UL is good for that if you want UL.

Any idea Newby on what the annual premium would be for a 62f ns best rate would be on 25k on this product?

 

[WinoBlues]

Just was on RNA's website....it looks like at 62 and 25k the offer for a 62f ns is "standard" rates at $716yr.....seems like an excellent rate, however was just wondering with their superior health if anyone would issue a policy this small medically underwritten at preferred/preferred best.
- - - - - - - - - - - - - - - - - -


Any idea Newby on what the annual premium would be for a 62f ns best rate would be on 25k on this product?

Compulife did not show to age 121.

Male to age 105 =
Prd - $597
std+ - $690
std - $717

Do not promise Prd with GW. They will APS. And check family history. A1c needs to below 6

I have issues Prd at mid 70s and gotten tbl2 with A1c at 6.2. They are all over the board on underwriting.

If RNA is even close I would go that route

 

[Robert Barney]

To age 121 on Compulife:

Him Pfd Midland/National North American $574.75
Him Rg Midland/National North American $697.25

Her Pfd Midland/National North American $451.00
Her Rg Midland/National North American $565.75

 

[WinoBlues]

To age 121 on Compulife:

Him Pfd Midland/National North American $574.75
Him Rg Midland/National North American $697.25

Her Pfd Midland/National North American $451.00
Her Rg Midland/National North American $565.75

Bob, I think he was asking about Gen Guard. It did not show on mine to age 121. I hope someone sends you the RNA Whole Life.

 

[Robert Barney]

Bob, I think he was asking about Gen Guard. It did not show on mine to age 121. I hope someone sends you the RNA Whole Life.

I stand corrected.

By way of explanation, we have asked for the Genguard number for 121, and the company has declined to provide them. I think their structure is such that the numbers for 121 are quite a bit higher than their shorter coverage periods, and they simply don't want to appear uncompetitive.

If someone has their software, it might be interesting to contrast their 121 numbers with to age 105.

 

[jdeasy]

Just was on RNA's website....it looks like at 62 and 25k the offer for a 62f ns is "standard" rates at $716yr.....seems like an excellent rate, however was just wondering with their superior health if anyone would issue a policy this small medically underwritten at preferred/preferred best.
- - - - - - - - - - - - - - - - - -


Any idea Newby on what the annual premium would be for a 62f ns best rate would be on 25k on this product?

With RNA everything is standard below $100,000. If they want whole life they will not beat RNA's rates even at standard. You would have to go UL to beat what RNA offers.

 

[JGold814]

transamerica goes down to 25k on a fully underwritten - term or permanent (Transterm UL or TransACE)
- - - - - - - - - - - - - - - - - -

I stand corrected.

By way of explanation, we have asked for the Genguard number for 121, and the company has declined to provide them. I think their structure is such that the numbers for 121 are quite a bit higher than their shorter coverage periods, and they simply don't want to appear uncompetitive.

If someone has their software, it might be interesting to contrast their 121 numbers with to age 105.

To get coverage to age 121 with Genworth, you have to use their Colony SM LifeLong UL. The GenGuard UL only goes up to age 100 and age 105. Note though...the Colony SM LifeLong UL requires a minimum of $100k face amount.