Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Life Insurance Forum

Reply to $1M of Term on 8 Month Old     
Old 07-25-2017, 01:03 PM   #21
Guru
 
Join Date: Oct 2016
Posts:1,013
State: LostDollar is an Insurance Agent from Kansas
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old
We may not understand the culture, concepts of primogeniture, and perceived "value" of a male child well enough to duplicate the parents' thought processes.
This child may be the future CEO of the family "Sleepy Time Motel" or "StopQuick" store chains, as well as the parents' old age support system. As such he may be their most valuable asset.

------------------------------------
LD is a Life Ins. & Medicare Supplement Consumer learning about Medicare

"...no space of regret can make amends for one life's opportunity misused..."
A Christmas Carol
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-25-2017, 05:34 PM   #22
Guru
 
Join Date: Aug 2013
Posts:1,034
State: pfg1 is an Insurance Agent from Virginia
pfg1 is a member of 1000 posts VIP club
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old
I don't think I'd run away... I'd find out what they have (adequate enough?) and educate them on a permanent policy. It doesn't get any better than when they are super young. The long term performance is excellent.

The Ramsey deal... he doesn't tell people to buy term on kids, so while he does put BTID, I doubt that is the driving force.

Maybe the OP will chime back in and fill in the gaps.
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-26-2017, 09:50 PM   #23
Super Genius
 
Join Date: Jun 2011
Posts:117
State: johndf is an Insurance Agent from Undisclosed Location
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old johndf is the thread starter for: $1M of Term on 8 Month Old

I appreciate the segue into "filling in the gaps", but unfortunately some gaps may never be filled only assumptions. Neither the husband or wife have any life ins., they have Obamacare and are complaining about it being to expensive (that was the only normal part of the conversation per the agent), never would answer the agent about why they felt they actually needed the coverage other than getting aggravated with him because they said he was asking "to many questions" and asked if they could assign the death benefits to someone in India. They also never answered who will be paying the premium. To many red flags.
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-27-2017, 05:58 AM   #24
Guru
 
Join Date: Aug 2013
Posts:1,034
State: pfg1 is an Insurance Agent from Virginia
pfg1 is a member of 1000 posts VIP club
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old
Originally Posted by johndf View Post
I appreciate the segue into "filling in the gaps", but unfortunately some gaps may never be filled only assumptions. Neither the husband or wife have any life ins., they have Obamacare and are complaining about it being to expensive (that was the only normal part of the conversation per the agent), never would answer the agent about why they felt they actually needed the coverage other than getting aggravated with him because they said he was asking "to many questions" and asked if they could assign the death benefits to someone in India. They also never answered who will be paying the premium. To many red flags.
Well in that case, it really doesn't matter anyhow. They wouldn't get the covg regardless. Red flags... YUP! No idea for sure what they are thinking, but it doesn't sound good.
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-27-2017, 06:45 AM   #25
Expert
 
Join Date: Jul 2017
Posts:32
State: eersfan is an Insurance Agent from
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old
Originally Posted by johndf View Post
Does anyone know of a career that will write $1 million term policy on an 8 month old?
Insurance on a juvenile requires a multiple of the same face amount, typically, on the parents. I cannot think of any company which would write this simply based upon the age of the child and how the amount can be justified.

----------

Originally Posted by johndf View Post
I appreciate the segue into "filling in the gaps", but unfortunately some gaps may never be filled only assumptions. Neither the husband or wife have any life ins., they have Obamacare and are complaining about it being to expensive (that was the only normal part of the conversation per the agent), never would answer the agent about why they felt they actually needed the coverage other than getting aggravated with him because they said he was asking "to many questions" and asked if they could assign the death benefits to someone in India. They also never answered who will be paying the premium. To many red flags.
This smells like insurance fraud. Walk.Away.
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-27-2017, 07:40 AM   #26
Guru
 
Join Date: Feb 2016
Posts:364
State: jboussea is an Insurance Agent from Undisclosed Location
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old
I would have them call DCF to see if they offer any life insurance
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-27-2017, 07:50 AM   #27
Expert
 
Join Date: Jul 2017
Posts:32
State: eersfan is an Insurance Agent from
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old
Originally Posted by jboussea View Post
I would have them call DCF to see if they offer any life insurance
I am not familiar with DCF. What is it?
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-27-2017, 08:38 AM   #28
Super Genius
 
Join Date: Jun 2011
Posts:117
State: johndf is an Insurance Agent from Undisclosed Location
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old johndf is the thread starter for: $1M of Term on 8 Month Old

Department of Children and Family Services.
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Old 07-27-2017, 12:23 PM   #29
Guru
 
Join Date: Aug 2013
Posts:1,034
State: pfg1 is an Insurance Agent from Virginia
pfg1 is a member of 1000 posts VIP club
$1M of Term on 8 Month Old Re: $1M of Term on 8 Month Old
Originally Posted by jboussea View Post
i would have them call dcf to see if they offer any life insurance
lol! ............
------------------------------------
  Reply With Quote to $1M of Term on 8 Month Old
Reply to $1M of Term on 8 Month Old 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Life Insurance Forum




Similar Threads with $1M of Term on 8 Month Old
Thread Thread Starter Forum Replies Last Post
Whatever Happened to ROP Term?? Mark General Insurance Agent Discussions 88 07-05-2016 05:57 AM
I Need a Term Life Quote Engine for my NAAIP Website larrycohen Life Insurance Forum 2158 04-11-2016 12:07 PM
Long Term Care Insurance Rate Increase Arthur Rudnick Long Term Care Insurance Forum 0 04-18-2014 03:30 PM
Decreasing Term DiegoInsGuy Life Insurance Forum 16 05-18-2012 10:48 AM
"Healthcare Reform" is different from "Long Term Care reform" Mr_Ed Long Term Care Insurance Forum 0 11-18-2008 11:39 PM



All times are GMT -5. The time now is 06:10 PM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed