Guarantee Issue Product 85 Y/o

[sknyrd77]

Was already to write this lady earlier today with RNA (Simplified) when her daughter mentioned "what about your memory medication". BUMMER . Any recommendations ? Appreciate the help. Thanks

 

[goillini52]

Was already to write this lady earlier today with RNA (Simplified) when her daughter mentioned "what about your memory medication". BUMMER . Any recommendations ? Appreciate the help. Thanks

AIG GI...$10K(110%ROP) for $204.20 a month. Can get up to $25K.

 

[sknyrd77]

AIG GI...$10K(110%ROP) for $204.20 a month. Can get up to $25K.

Thank You , will run it by them

 

[BibH]

Just noticed from age 76-80 Aig at each age male and female gets progressively cheaper than Gerber . At age 80 it is much cheaper. This will be be very useful at older ages.

 

[papercutter]

Just noticed from age 76-80 Aig at each age male and female gets progressively cheaper than Gerber . At age 80 it is much cheaper. This will be be very useful at older ages.

Yeah, but the chargebacks! Its 100% for the first 6 months due to lapse, 100% months 7-12 due to death, and 50% months 13-24 due to death. I sold a Gerber policy in Baltimore last year to a blind lady with CHF and Alzheimers for 140/mo. Man I'm hoping she lives long enough too see a few more of her grandkids birthdays!

Edit: OK, I meant enjoy, not see.

 

[Baseball7]

What is the mortality with an 85-year-old with dementia? If 99% the industry won't write them do you really want to be the one on the hook with that kind of chargeback rule?

 

[kuhn123]

Yeah, but the chargebacks! Its 100% for the first 6 months due to lapse, 100% months 7-12 due to death, and 50% months 13-24 due to death. I sold a Gerber policy in Baltimore last year to a blind lady with CHF and Alzheimers for 140/mo. Man I'm hoping she lives long enough too see a few more of her grandkids birthdays!

Edit: OK, I meant enjoy, not see.

This is not correct.

Only charges back 25% of the comm paid if lapse in months 1-6.

 

[goillini52]

This is not correct.

Only charges back 25% of the comm paid if lapse in months 1-6.

Could you post that commission schedule? Thanks.

I just sent in the contracting and my schedule says 100% for lapse months 1-6/50% months 7-12. Mine might be outdated, it's Schedule J Rev 07-2016.

 

[rousemark]

Could you post that commission schedule? Thanks.

I just sent in the contracting and my schedule says 100% for lapse months 1-6/50% months 7-12. Mine might be outdated, it's Schedule J Rev 07-2016.

I believe the change was discussed in another thread. Might have been Todd that brought it up.

 

[goillini52]

I believe the change was discussed in another thread. Might have been Todd that brought it up.

Now that you mention it, I do remember that. Makes it even better.

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Found it. It's Rev 12-2016a Very last post in the thread by Todd.

http://www.insurance-forums.net/for...ew-guaranteed-issue-product-aig-t84031-7.html