what would be appropriate life ins. for a sixty-seven yr old?

[arcangel]

My friend's father is 67 yr old and wants life insurance. He isn't qualify for term because he is over 65. I don't think Universial is right because he wouldn't accumulate much on the guaranteed interest because of his age also it is too expensive. First she wants a 250k for her father then I told her it will be around 1700/month. Then I ran the numbers for 100k, it was still expensive. Next I tried Premiere Whole Life for 100k, it was around 300/month. Is there a better life policy for 100k?

 

[Sam]

He isn't qualify for term because he is over 65.

Not that I am recommending term, but why can't he qualify for it?

 

[arcangel]

Farmers age limit on is 65. I can understand that he doesn't qualify for term because of his age...His wife is 62 and her 10 yr term/250k is around 133/month standard. I wanted to get a 20 yr term for her but the age limit is 60.

 

[arcangel]

Not that I am recommending term, but why can't he qualify for it?

What do you recommend?

 

[Sam]

Lincoln National, Genworth and West Coast will all do a 20 year term for a 67 year old.

 

[James]

Yea for 3,000 grand he can get a term policy with a 100 grand DB, yet for almost the same price he can get a WL policy of 100 grand, is there even a question of which to choose?

 

[Newby]

My friend's father is 67 yr old and wants life insurance. He isn't qualify for term because he is over 65. I don't think Universial is right because he wouldn't accumulate much on the guaranteed interest because of his age also it is too expensive. First she wants a 250k for her father then I told her it will be around 1700/month. Then I ran the numbers for 100k, it was still expensive. Next I tried Premiere Whole Life for 100k, it was around 300/month. Is there a better life policy for 100k?

No one can point you towards the right policy without knowing what the need for the policy is.

 

[bluemarlin08]

If he just wants DB, ULNL for 270 per month.
James, what company will issue a WL 100,000 policy for 3000 per year?

 

[arnguy]

Maybe a Final Expense policy! Just kidding.

 

[James]

If he just wants DB, ULNL for 270 per month.
James, what company will issue a WL 100,000 policy for 3000 per year?

Almost, I was going on the original figure thrown out by original poster that stated:

Next I tried Premiere Whole Life for 100k, it was around 300/month. Is there a better life policy for 100k?

Or about the same price you are quoting at $270 a month or $3240 annually.