51 Yr Old - Needs Term ($250K)

GAHEALTH · 02-08-2010, 06:46 PM

My client is a 51 yr male - but has three speeding tickets in the last three years. He is self employed in the roofing business but doesn't get up on the roof as he uses others for that. Who would you go with for a 20 yr term that would not rate him for the speeding tickets.

sman · 02-08-2010, 07:41 PM

I believe Genworth is fairly lenient in their MVR requirements.

BNTRS · 02-08-2010, 08:54 PM

A rating for 3 speeding tickets? He's maybe not preferred plus, maybe not preferred, but rated? What kind of companies have you been doing business with?

dgoldenz · 02-08-2010, 09:12 PM

Originally Posted by GAHEALTH

My client is a 51 yr male - but has three speeding tickets in the last three years. He is self employed in the roofing business but doesn't get up on the roof as he uses others for that. Who would you go with for a 20 yr term that would not rate him for the speeding tickets.

How many in the last 2 years?

souldeux · 02-09-2010, 05:30 AM

And was there any drinking involved with any of them?

GAHEALTH · 02-09-2010, 06:56 AM

Originally Posted by dgoldenz

How many in the last 2 years?

one a year.
- - - - - - - - - - - - - - - - - -

Originally Posted by souldeux

And was there any drinking involved with any of them?

No drinking - just speed.

emptyeternity · 02-09-2010, 07:03 AM

Genworth all the way....

GAHEALTH · 02-09-2010, 07:22 AM

Originally Posted by emptyeternity

Genworth all the way....

Do you think he would qualify for anything higher than STD?

dgoldenz · 02-09-2010, 07:32 AM

Originally Posted by GAHEALTH

Do you think he would qualify for anything higher than STD?

Preferred plus with Genworth if no reckless, no DUI, no accidents, no other health conditions.

souldeux · 02-09-2010, 10:20 AM

Originally Posted by dgoldenz

Preferred plus with Genworth if no reckless, no DUI, no accidents, no other health conditions.

Can't have a license revocation or suspension either (I mean, if they were reeeeally big tickets...). But, yeah, preferred plus is well within reach here.

sman · 02-09-2010, 03:20 PM

As others have said, he can qualify for their best rating if he meets all the other qualifications. I would prep him for a slow underwriting process though. Seeing that he likes "speed", Genworth is anything but quick.

Originally Posted by GAHEALTH

Do you think he would qualify for anything higher than STD?

0b1kanobee · 02-09-2010, 03:53 PM

What about SBLI? I don't think they are paying advanced anymore though.

dgoldenz · 02-09-2010, 03:59 PM

Originally Posted by 0b1kanobee

What about SBLI? I don't think they are paying advanced anymore though.

Standard only according to Compulife

GAHEALTH · 02-09-2010, 06:55 PM

Originally Posted by dgoldenz

Standard only according to Compulife

Is that Standard Only for SBLI or for my client w/any of the carriers?

sman · 02-09-2010, 07:15 PM

Have you not read what several of us have said? Genworth will offer as high as super preferred if he meets the other guidelines.

Originally Posted by GAHEALTH

Is that Standard Only for SBLI or for my client w/any of the carriers?

K3_insbkr · 02-25-2010, 09:35 PM

Do you have a copy of the mvr- ie did the client share it with you? if so, we can put it in front of a brokerage u/w to get the answer.