Hi everyone, I am an ex-life insurance agent myself and have been quoted a 10 year fixed term face value UL policy as a 20 year term initially. The agent has made several significant mistakes throughout the 17 years I have had life insurance through his brokerage and I find that I now need to make some changes.
I find that I am still in need of life insurance still even though my current term policy expires in 3 years. I was quoted a UL policy with the cash value stripped out of it so that it has a level $250,000 face value for 10 years. Then the face value gradually declines after year 10 while the premium remains level for about 38 years.
I am a 65 year old Standard Class Non-Smoker. Does anyone know if there are any 20 year level term plans either as pure term or as modified UL policies available in today's market?
Thanks in advance,
snowman51
I find that I am still in need of life insurance still even though my current term policy expires in 3 years. I was quoted a UL policy with the cash value stripped out of it so that it has a level $250,000 face value for 10 years. Then the face value gradually declines after year 10 while the premium remains level for about 38 years.
I am a 65 year old Standard Class Non-Smoker. Does anyone know if there are any 20 year level term plans either as pure term or as modified UL policies available in today's market?
Thanks in advance,
snowman51