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In most cases it is not, yet the 5 year term is used today more in the business market. Some people will only do 5 year loans or shorter, not everyone is into the 20-30 year loans.
Who offers 5 year term?
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In most cases it is not, yet the 5 year term is used today more in the business market. Some people will only do 5 year loans or shorter, not everyone is into the 20-30 year loans.
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5 year is more expensive than 10 year in almost every case. RBC, Liberty Life, is the most competitive smoker rates I have seen.
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If you are comparing Mass Mutual or NYL against the likes of Banner or WCL you might have a point but comparing apples to apples and the way the 5 year is used it is cheaper. Or you can go to places like "term4sale" or Compulife and get the feel but it isn't reality, most if not all their 5 year quotes from MM or NYL is based on standard or non smoker, compared to Super Preffered standards they are listing for the Banner type of companies. I would imagine that they have limited access to Rates and other considerations that MM or NYL has.
twhite2
Expert
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I've been selling American General policies for a while now and have not seen a 5-year term. Please explain.
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The last post on this thread was 2 1/2 years ago. To whom is your question directed?
Rick
