Wanting to add a term company

I'll try one. I just got a referral from one of my companies.

Male age 75
Std Non T

Has a imploding UL.
$100,000 with about $25,000 in SV.
Paying just over $1,200Q
Per annual report it is going to force lapse in 13 years based on current.

Wants - $100,000 to at least age 100

Just for S&G, what do you suggest. Hypothetically of course.

Also: HasTa TA term plan that he is unsure of the details and can not find the policy. We will do a three way call Friday. But currently just want options on the above.
Pac Life GUL.

With the 1035, 100k face would be 845/q, guaranteed to age 100 (7200 target too :biggrin: )

951/q to age 121.
 
I had a client who wanted to do that and we just made a first-year payment that was large enough to get the premiums to the same amount he was paying previously and then he spent the rest lol.
.
That is going to be my fall back if he won't do the whole 1035.
I haven't run the numbers yet, but at 75 and only $25,000 not sure if there is a significant short pay option.

But I think your idea is a win win. I'll dial it down to $1,100Q. He gets the longevity he wants, some play money, and a lower payment.

That Tahoe dude is a Ray of sunshine 😊
 
I'll try one. I just got a referral from one of my companies.

Male age 75
Std Non T

Has a imploding UL.
$100,000 with about $25,000 in SV.
Paying just over $1,200Q
Per annual report it is going to force lapse in 13 years based on current.

Wants - $100,000 to at least age 100

Just for S&G, what do you suggest. Hypothetically of course.

Also: HasTa TA term plan that he is unsure of the details and can not find the policy. We will do a three way call Friday. But currently just want options on the above.
Have you looked at a single pay no lapse GUL or or IUL for pure protection? Current CV might get him close to $50k guaranteed face. Could then use the premiums he wants to pay for another layer of new WL/FE or no lapse GUL, etc.
 

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