Whole Life for 40 year old smoker

[dandan]

I have a 40 yr old male wanting whole life insurance he is tobacco user but in good health no meds, although he is highly allergic to bee stings.

He has term coverage also but wants to add whole life, any suggestions on who to put him with?

 

[BNTRS]

Re: Whole Life

I have a 40 yr old male wanting whole life insurance he is tobacco user but in good health no meds, although he is highly allergic to bee stings.

He has term coverage also but wants to add whole life, any suggestions on who to put him with?

What exactly does he want to do with the whole life policy? If it's purely for permanent death benefit purposes, than RNA, American General, Guardian's L121, Met's Promise Whole Life 120, or Ohio National's Prestige Value III are where I'd start looking.

If he's more concerned with cash values, this becomes a lot more involved.

 

[dandan]

Re: Whole Life

Yes it is purely for permanent Life coverage, I will start with your recommendation.

Thank you

 

[TwiLight]

Re: Whole Life

Lafayette Life, Mutual Trust Life, LSW/NLG. All Par/Dividend paying products.

 

[jdeasy]

Re: Whole Life

Yes it is purely for permanent Life coverage, I will start with your recommendation.

Thank you

He will be hard pressed to find a better deal than RNA's Essential Life if that's his want.

$129/mo for $100,000 face is their best rate for him.

 

[pcbinsurance]

Re: Whole Life

Is that a smoker rate?

 

[jdeasy]

Re: Whole Life

Is that a smoker rate?

Yes, that's preferred tobacco.

 

[Tahoe Ray]

Re: Whole Life

Yes it is purely for permanent Life coverage, I will start with your recommendation.

Thank you

Are you considering GUL? North American's preferred smoker is 1080/yr for 100k and 2607/yr for 250k.

 

[dandan]

Re: Whole Life

North American Company for Life and Health Insurance?

 

[JGold814]

If he wants the permanent coverage for only the death benefit and isn't worried about the cash value side, why not place him with a GUL product instead of WL? It'd be much cheaper for the client.