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A discussion about ROPTerm came up in a Mortgage Protection thread.
While ROPTerm is not the deal it was before the rate increases and with so many companies dropping their ROPterm product. I still feel there is a place for it.
Here are two cases I wrote. One is someone that would have been an "FE" client. The other is a client that is an educated professional that needed something to cover a new Mortgage. I wrote one on his father as well, replacing an FE policy.
Please feel free to tear these up and show me how you would sell against these.
Female = 59 NonT probably Table 2-4 due to meds and build. I also have a small WL and a GUL on her. Non Med - $75,000 until age 79 then $63,943 Reduced Paid-Up Or a check for $33,725. All contractual
Male = 32 Professional, P+, Solid Termite, owns the ROPTerm on his father. Fully Underwritten - $1,000,000 until age 62 then $127,000 Reduced Paid-up Or a check for $57,340. All Contractual.
While ROPTerm is not the deal it was before the rate increases and with so many companies dropping their ROPterm product. I still feel there is a place for it.
Here are two cases I wrote. One is someone that would have been an "FE" client. The other is a client that is an educated professional that needed something to cover a new Mortgage. I wrote one on his father as well, replacing an FE policy.
Please feel free to tear these up and show me how you would sell against these.
Female = 59 NonT probably Table 2-4 due to meds and build. I also have a small WL and a GUL on her. Non Med - $75,000 until age 79 then $63,943 Reduced Paid-Up Or a check for $33,725. All contractual
Male = 32 Professional, P+, Solid Termite, owns the ROPTerm on his father. Fully Underwritten - $1,000,000 until age 62 then $127,000 Reduced Paid-up Or a check for $57,340. All Contractual.
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