With Settlers gone need a new company 0 to 40

[WinoBlues]

Sentinel, Dtandard Life, Trans,

LaFayette WL is great for healthy young ones. They go down to $5,000 and pay dividends.

I like Assurity Par WL as well. They have some great riders available such as a GPO and a Payor benefit rider that ""Provides for the continuation of children's coverage by waiving premiums if the premium payor dies or becomes totally disabled prior to the insured child's 25th birthday.""

 

[noah]

UHL Provider goes to age 0..

Who writes fully UW FE ?

 

[WinoBlues]

Who writes fully UW FE ?

Me.

Who writes SIWL on 19 year olds?

 

[rousemark]

Who writes fully UW FE ?

Long way from fully underwritten..Most 0-19 year olds will qualify for it. I personally wouldn't write it because don't like having to have a phone interview for kids.. even though Settlers also required it..

 

[WinoBlues]

Long way from fully underwritten..Most 0-19 year olds will qualify for it. I personally wouldn't write it because don't like having to have a phone interview for kids.. even though Settlers also required it..

Which brings up a question. Newby mentioned Lafayette for healthy young people. And that they go down to $5,000. Presumably that would be a final expense need.

So, is a $25,OOO policy on a 17 or 20 year old a final expense policy?

Even a Par WL or IUL is not going to build any cash value to speak of.

Now, I am talking regular standard health people.

 

[rousemark]

Which brings up a question. Newby mentioned Lafayette for healthy young people. And that they go down to $5,000. Presumably that would be a final expense need.

So, is a $25,OOO policy on a 17 or 20 year old a final expense policy?

Even a Par WL or IUL is not going to build any cash value to speak of.

Now, I am talking regular standard health people.

A final expense policy is anything you want it be. The need for which it is purchased determines what it is,

 

[shonceman]

Long way from fully underwritten..Most 0-19 year olds will qualify for it. I personally wouldn't write it because don't like having to have a phone interview for kids.. even though Settlers also required it..

LBL Home Service division could fill that niche (in some states). Rates on younger folks are comparable and actually a little less than Settlers. No telephone interviews for anybody. The home service products are designed for debit collections but can be written on Bank draft or direct express. Still SIWL, but the app asks for a few more details than the FE app. However, if writing kids on Bank draft, the Flex 4 Life juvenile plan (in LBL FE division) has tougher underwriting, but much better rates.

 

[goillini52]

Sentinal is 0-85, very similar mulit-pay option. For what it's worth Settlers Life did cover a lot of the younger on usually sick people on Silver, and had a decent single pay. Oh well.

Ditto on Sentinel.

 

[Newby]

The most important thing for FE agents on the young ages is to have at least one carrier that doesn't tighten up the underwriting on the young ages. That was the beauty of Settlers. They could be 40 years old, very fat, bi-polar, on disability and had a stroke at age 37 and still get 1st day full coverage. There were a lot of young cases where Settlers was great.

In the old days TransAmeica was too. But f you look at the 0-44 Trans app today it is tight as a drum. They only want healthy young ones.

I'd say Sentinal Security looks pretty good on the young ones.

 

[WinoBlues]

MoO child Whole Life is about as easy as it get, for me. Great rates, online app, grandparents can do it with no parent signatures or child ssn and has GPOs built in. Multiple kids on the same app, kids can be spread out all over the country. Cons = only go up through 17 now, the GPOs are at older ages, I hear MoO markets the client. Not sure if there are renewals.