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Old 08-03-2017, 10:52 PM   #1
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Surancedawg on Term Life for Seniors
 
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I am running into a lot of folks over 65 with less-than-perfect health histories who really want term life coverage bad. Often, its because they've recently taken on a new mortgage and want income protection.

Have a couple of prospects 69+ who each have had pacemakers implanted over a decade ago. Any Term carriers who would be willing to offer coverage for folks like that? Thanks in advance.

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Old 08-04-2017, 12:17 AM   #2
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WinoBlues on Term Life for Seniors
 
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Term Life for Seniors Re: Term Life for Seniors
Originally Posted by surancedawg View Post
i am running into a lot of folks over 65 with less-than-perfect health histories who really want term life coverage bad. Often, its because they've recently taken on a new mortgage and want income protection.

Have a couple of prospects 69+ who each have had pacemakers implanted over a decade ago. Any term carriers who would be willing to offer coverage for folks like that? Thanks in advance.
gul


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Originally Posted by Surancedawg View Post
I am running into a lot of folks over 65 with less-than-perfect health histories who really want term life coverage bad. Often, its because they've recently taken on a new mortgage and want income protection.

Have a couple of prospects 69+ who each have had pacemakers implanted over a decade ago. Any Term carriers who would be willing to offer coverage for folks like that? Thanks in advance.
A few companies will go 70ish on 20 year term. Longer and older than that and you will want to look at dialing down GUL.



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Old 08-04-2017, 05:26 AM   #3
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Surancedawg on Term Life for Seniors
 
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Term Life for Seniors Re: Term Life for Seniors Surancedawg is the thread starter for: Term Life for Seniors

Thanks Wino. I wonder who these companies are that will go 20-yr on 70ish folks

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Old 08-04-2017, 06:27 AM   #4
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Term Life for Seniors Re: Term Life for Seniors
Trans. Banner. American General.
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Old 08-04-2017, 09:07 AM   #5
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Term Life for Seniors Re: Term Life for Seniors
There is another part to this puzzle.

Are the comfortable with an insurance premium that might rival their mortgage payment? Even standard non-tobacco rates will be substantial at those ages, if there are any table ratings it will only get worse.

The few I talked to in this situation, they lost interest very quickly once they found out what the premium would be.

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Old 08-04-2017, 10:36 AM   #6
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Term Life for Seniors Re: Term Life for Seniors
Alex Trebek would say "Colonial Penn"
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