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ON goes down to $25k or so too. They even have two different rate classes for minors (or they did at one time)
Life Insurances on Kids
- Thread starter WinoBlues
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- life insurance
- 2,024
The Baltimore life product is around 15$ a month on a $15000 20 pay on 0-10 year old with dividends adding to face value. Illustrates to around 30000 death benefit at age 70-80.
And no I don't have contracts, or offer leads or support. Ritter has a good contract.
And no I don't have contracts, or offer leads or support. Ritter has a good contract.
I was searching for some info on kids and came across this old thread. It has some really good info in it, so I thought I would bump it up.
I'm interested in seeing what carriers/products you guys are using now (almost 6yrs later) to insure kids. I was wondering if any carrier(s) have really stepped into this niche.
I'm interested in seeing what carriers/products you guys are using now (almost 6yrs later) to insure kids. I was wondering if any carrier(s) have really stepped into this niche.
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I think MassMutual might still have the best policy for children with their GIO or GPO rider that guarantees they can increase their coverage up to $100,000 each time, at multiple ages. So a $100,000 children's policy can grow to about $600,000 after taking advantage of all the GPO options. I might have the numbers wrong, but I think they're still the best one out there for children.
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Yes Newby from 2010. Lafayette goes down to $5,000 and pays dividends.
Newby from 2010... LOL
That's exactly why I posted it. I figured either folks learned something different in 6yrs, or things have changed a bit.
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Newby from 2010... LOL
2010 Newby was better looking but 2016 Newby is smarter.
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I prefer insurance forum of 2010 when marketers didn't sit on here all day and ruin Sam's forum. But it is what it is
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The problem I ran into a few years ago with Lafayette are their dividends on kids are terrible. I ran a quote for $25,000 on a 11 year old and the dividend at age 60 was like a dollar. I believe they told me that at age 18 they get the dividends of a smoker or something to that effect.
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