- 15,041
That would be a scary product. I would be interested to know if it is exists, but I can't think it would be too attractive after underwriting and the actuaries got done with it to protect the company.
Annual Renewable Term
- Thread starter jemelton
- Start date
That would be a scary product. I would be interested to know if it is exists, but I can't think it would be too attractive after underwriting and the actuaries got done with it to protect the company.
- 1,405
I am not aware of one. Although I just became aware of a 10 and 20 year guaranteed issue term product. Still trying to figure that out. Is anyone aware of others?
- 25,014
Are you putting them on Compulife?
- 120
^^ Scary Awesome that is
I run into a lot of older folks looking for Term coverage so a simplified issue ART product would be money.
- 25,014
^^ Scary Awesome that is
I agree except the premium would have to be stupid due to mortality and adverse selection.
- 15,041
^^ Scary Awesome that is
Yes, and the reason they would want it is the reason it would be scary.
As Wino mentioned, the rates would have to be substantial to make up for mortality and adverse selection. I doubt you would be able to keep it very long either without having to requalify.
- 742
I heard a MRT is coming...Robert?
- 1,405
- 25,014
I forgot about that site.
I am going to need to check that out.
Thanks
Lee
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I take it there is not a term GI?
Lee
- 1,405
Not yet, but I will add the category.
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