Prospect with Alzheimer

[Villalobos]

I have a prospect who's 81 y/o with beginning of Alzheimer.
What is a good option for Whole Life?

 

[fed up]

Any of the guaranteed issue policies and if money isn't a problem get more than 1.

 

[Villalobos]

You are not helping

 

[suranceman]

Mutual of Omaha

Guaranteed Issue Whole Life Insurance | AAA Life Insurance Company

 

[Allen Trent]

Self insure

 

[billyb]

GI is the only option.

 

[Tahoe Ray]

You are not helping

That's a real answer though. Alzheimers will be GI only.

 

[fed up]

You are not helping

Okay, let me break it down for you. Your prospect will not pass regular underwriting and you run a risk of an E&O claim because your prospeck won't remember what you told them and the heirs will be looking for a payoff.
Involve another family member in any and all discussions when you offer the GI policy. Most top out at $25000 so sell more than 1 carrier if money isn't an issue and then learn your craft.

 

[Tearmann]

At that age there is not too many GI policies available as most have an age cut off is 80. It was mentioned to have an additional family member present during a conversation, make sure they have an insurable interest. At the end of the day I would recommend your client gets a pre-paid funeral with the local funeral home they want to use. Sometimes doing what's best for the client is walking away from a sale providing a path forward for them.

 

[goillini52]

At that age there is not too many GI policies available as most have an age cut off is 80. It was mentioned to have an additional family member present during a conversation, make sure they have an insurable interest. At the end of the day I would recommend your client gets a pre-paid funeral with the local funeral home they want to use. Sometimes doing what's best for the client is walking away from a sale providing a path forward for them.

Sons of Norway is 0-85 and available in Florida.