Carriers Offering 20 Pay for Child?

[FEproducerKen]

Hi y'all,

It has been some time since I have been on here. I am currently working for an independent P&C agency and we do have a broker for mainly term life insurance products. They offer some WL products but only have one company that has a 20 pay life product for a child.

I am looking for other companies that offer this type plan. I have a mother of a 7 month old girl that is looking for a $25K policy. She is healthy and does not have any medical issues. Anyone that can provide me with some quotes?

Thanks for your time!

GPM Legacy par whole life 20 pay $25,000 DB $21.47/Mo. Paid up Non Guaranteed DB in 20 years is $39,610 Non guaranteed DB continues to increase to $59,355 at age 65.

 

[TXInsuranceAgent]

Who is NSS? .

Hey Rousemark,

I'm assuming it is National Slovak Society.

 

[goillini52]

Hey Rousemark,

I'm assuming it is National Slovak Society.

Do you have to be from Slovakia to qualify?

 

[TwiLight]

Hey Rousemark,

I'm assuming it is National Slovak Society.

Correct, unfortunately it is not available in Texas.
It is a Fraternal approved in: CA, CO, CT, FL, IL, IN, MI, NJ, NC, OH, PA, WV, and WI

While Lafayette is nice, the comp on the 20pay is low: level pay for 10 years. so with them you are looking at the Paid to age 85.

Pure price for a 20 pay, I would look to RNA ($19.31, EL20pay for age 1).

 

[Pete Cormie]

CSA Life $18.39 for their 20-Pay for age 1 Male. $17.01 for Age 1 Female. LMK if you want a contract.

 

[TXInsuranceAgent]

Thanks Twilight and Pete!