Which Final Expense Companies'

[jdeasy]

use current age instead of the age in 6 months? Any help would be appreciated.

The only FE company I know of that uses nearest age is UHL. It is debatable if they are in the FE business at all.

Every other company uses last age. I have never even heard of a company using nearest age in the FE business besides UHL.

 

[Franz Kafka]

I don't know, for some people it was a real fight to live as long as they did. They obtained it!

But yeah, you're right.

LMAO!!! Most apps are obtained and not attained, either!

 

[rousemark]

Actually attained age is a health insurance term meaning the premium goes up each year with a persons age change.

 

[Newby]

The only FE company I know of that uses nearest age is UHL. It is debatable if they are in the FE business at all.

Every other company uses last age. I have never even heard of a company using nearest age in the FE business besides UHL.

I had a lady last week who wanted me to guess her age. I know better than that so I said 30. She was 72. I told her that surprised me because she easily could pass for 60 (true.)

When I quoted the rate for 72 she asked me if any companies priced it by the age you could pass as?

Not a bad idea. We'll just mail in your photo and the underwriters can guess what age they will give you. Might be fun.

 

[rousemark]

Not a bad idea. We'll just mail in your photo and the underwriters can guess what age they will give you. Might be fun.

Not sure you would want to deliver some of those policies.. Can you imagine going back to the house of a rough looking 50 year old lady and telling her, "They thought you looked 65"?

 

[WinoBlues]

I had a lady last week who wanted me to guess her age. I know better than that so I said 30. She was 72. I told her that surprised me because she easily could pass for 60 (true.)

When I quoted the rate for 72 she asked me if any companies priced it by the age you could pass as?

Not a bad idea. We'll just mail in your photo and the underwriters can guess what age they will give you. Might be fun.

Might get a lot more declines.

 

[VolAgent]

I had a lady last week who wanted me to guess her age. I know better than that so I said 30. She was 72. I told her that surprised me because she easily could pass for 60 (true.)

When I quoted the rate for 72 she asked me if any companies priced it by the age you could pass as?

Not a bad idea. We'll just mail in your photo and the underwriters can guess what age they will give you. Might be fun.

And suddenly now everyone is whatever the maximum age is for the product. It would do wonders for reserves.

 

[capnjim01]

Not sure you would want to deliver some of those policies.. Can you imagine going back to the house of a rough looking 50 year old lady and telling her, "They thought you looked 65"?

Yep I meet a client last week 55 she could have passed for 70 easily

 

[Newby]

Geeze! You guys are meeting with bunch of rough looking people.

What ever happened to 70 is the new 50?

 

[rousemark]

Geeze! You guys are meeting with bunch of rough looking people.

What ever happened to 70 is the new 50?

It is.. Did you ever see how rough those 50 years old in years gone by looked? The 70 years old of today look just like the! Louis, who at 67 is almost 50?