Who Will Offer: $500k; 53yo F, 11k Salary

Aug 28, 2015

  1. Mick_Keyou
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    Mick_Keyou Super Genius

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    Anyone know of a carrier who'd write this?

    20year term
    Good health, NS.
    Georgia resident.

    I'm having a hard time with this one.
     
  2. NinjaNic
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    NinjaNic Guru

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    single or married? info on spouse if you have it...
     
    NinjaNic, Aug 28, 2015
    #2
  3. WinoBlues
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    WinoBlues Guru

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    Reason for the $500,000.00, Assets, Liabilities?
     
  4. Mick_Keyou
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    Mick_Keyou Super Genius

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    Pmd,...................
     
  5. Josh
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    Josh Retired Agent, Current List Broker

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    Gotta ask a question: What's the basis of the need for $500k if she's making $11k?
     
    Josh, Aug 28, 2015
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  6. cowgoesMoO
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    cowgoesMoO Super Genius

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    Since you're having a hard time I'm guessing that there really isn't a justification for that high of an amount.

    At that age the most she would be eligible for would probably 150k.

    Maybe if she had some grandkids she was responsible for, or an adult child with special needs she could be eligible for more.

    The client would understand best if you called underwriting for a risk assessment while you were with them, then apply for the max
     
  7. Mick_Keyou
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    Mick_Keyou Super Genius

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    This was for the purpose of combining 2 policies. She currently has a 400k policy and recently let her 150k policy lapse due to its cost. She contacted me to see if she could get 1 replacement policy for the current & previous policy.

    I'm not sure how she got the 400k, but she did.
     
  8. cowgoesMoO
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    cowgoesMoO Super Genius

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    Probably when she was younger and making more money
     
  9. LGilmore
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    LGilmore Guru

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    She dropped policy because the cost was getting to high. Something tells me you're spinning your wheels here. She older, maybe less insurable and what does the cost of insurance do as people age? ;) If she's dropping existing policies due to price, do you think that she'll find lower costs for more coverage?

    Goodluck.
     
    LGilmore, Aug 29, 2015
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  10. Robert Barney
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    Robert Barney Guru

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    What is the $400,000?

    Term?

    What kind? 10, 20?

    When did she buy it?

    Question, why would a 53 year old want a 20 year term?

    Does she plan to still be working at age 72?
     
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