69 Yr Old Life

[limitless84]

How much for a 20 year term for a 69 year old in good health for 250k

Male non smoker

 

[Tahoe Ray]

How much for a 20 year term for a 69 year old in good health for 250k

Male non smoker

Banner is 4999/yr preferred and 5667.50/yr standard plus. You could also ladder in some 10 and 15 to get your cost down.

Lincoln is only 6914.53/yr preferred for their GUL...might be worth a look (Banner 8221.50 S+)

 

[tlmarketing]

Protective is $3891 P+, $4517 at Preferred....no lapse guaranteed UL...21 year guarantee

 

[Tahoe Ray]

Protective is $3891 P+, $4517 at Preferred....no lapse guaranteed UL...21 year guarantee

Good point

 

[WinoBlues]

Banner is 4999/yr preferred and 5667.50/yr standard plus. You could also ladder in some 10 and 15 to get your cost down.

Lincoln is only 6914.53/yr preferred for their GUL...might be worth a look (Banner 8221.50 S+)

An alternative to laddering that may work for some clients would be the Protective term that becomes a DT policy after the term period for the same premium. Edit : DT down to $10,000.00 Just a thought.

 

[G5reality]

Banner has better conversion options. How about the Accelerated Death Benefit? It's included in the Banner policy, Is it included in the Protective Premium? or is it a rider?

 

[limitless84]

An alternative to laddering that may work for some clients would be the Protective term that becomes a DT policy after the term period for the same premium. Down $10,000.00 Just a thought.

So 10,000 up front will get a 250k coverage for 20 years

 

[G5reality]

So 10,000 up front will get a 250k coverage for 20 years

What is your goal? Why 20 years? what if he lives longer? Why does he need/want insurance? Why $250,000?

 

[WinoBlues]

So 10,000 up front will get a 250k coverage for 20 years

Sorry, working on about 4 hrs sleep.

Edited to read DT down to $10,000.

However, buying down premium works very well with a lot of termuls and GUL. So that is another idea.

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Banner has better conversion options. How about the Accelerated Death Benefit? It's included in the Banner policy, Is it included in the Protective Premium? or is it a rider?

What is the conversation option for Banner. Convert to what's age and to what.

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Banner has better conversion options. How about the Accelerated Death Benefit? It's included in the Banner policy, Is it included in the Protective Premium? or is it a rider?

I can not think of a company that charges for ABR. There may be some but I can not think of one.

 

[Tahoe Ray]

What is the conversation option for Banner. Convert to what's age and to what.

5 years to their life choice GUL (for this client).