72 Year Old Term Ran Out

[RevRaf]

What is the best option for a 72 year old male? I am still pretty new to selling Final Expense but this guy wants something big even if its only for 10 years.

 

[Brian F 11]

Try posting in the FE Forum.

Sent from my iPhone using InsForums

 

[xrac]

What is the best option for a 72 year old male? I am still pretty new to selling Final Expense but this guy wants something big even if its only for 10 years.

And if he lives to 82???????

 

[rousemark]

What is the best option for a 72 year old male? I am still pretty new to selling Final Expense but this guy wants something big even if its only for 10 years.

Term is what created the problem in the first place. Of course he was supposed the difference and wold not need any insurance at this point in life. Must not have worked.

 

[G.Gordon]

There are all kinds of possibilities, ART, 5 year term, 10 year term... and of course he could go GUL with a guarantee minimum premium and if he still needs it at the end just start paying higher premium.

Can he convert his current plan to perm? I'm working one right now with AIG, 20 $250k term, converting to $100k UL. Premium is still about 10x what it was, but this is about his only option to get coverage at that amount without underwriting.