Wanting to add a term company

[WinoBlues]

Have you looked at a single pay no lapse GUL or or IUL for pure protection? Current CV might get him close to $50k guaranteed face. Could then use the premiums he wants to pay for another layer of new WL/FE or no lapse GUL, etc.

Have not yet. Good call.
Hoping against hope that the TA term policy info will offer some conversion options to add to the mix. I have already prepared him that we need to add premium or other monies.

But good option.

 

[Allen Trent]

Have not yet. Good call.
Hoping against hope that the TA term policy info will offer some conversion options to add to the mix. I have already prepared him that we need to add premium or other monies.

But good option.

Unlikely to have term conversion at 75 I would think

 

[WinoBlues]

Unlikely to have term conversion at 75 I would think

I know, hoping against hope.

However, knowing when that terms out should/ may add some clarity to his problem.

 

[WinoBlues]

@Tahoe Ray @Allen Trent
Thanks for the ideas. My mind has been fried (more than usual).
Looks like the old UL is bumping up against guidelines so he can no longer pay the UL cost. Last Q he was able to pay $23 per guidelines. So that $25,000 will become zero $ pretty quick. The TA $200,000 term policy only has about 3 years left.

So now we are looking at $300,000 lifetime coverage.

He outlived the termite hustle.