Longest Term on a 69 Year Old...

TristanTLC · 11-16-2009, 06:08 AM

P.S most GUL will go to at least 100, if not 121. The "G" part drops based off of current rates, but if the policy does even semi well; it will carry out much longer. The benefit of the GUL is that it does not need to be overfunded for it to carry. It has no cash value, but is rich in death benefits. I like to compare a GUL to a glorified term product. (In a good way)

ticker_shuffle · 11-16-2009, 07:44 AM

Originally Posted by jody108

Transamerica all the way!!!

Ohio National will drive you crazy with all the amendments and emails ... good lord ...

Amendments and emails? regarding what?

dekcom · 11-16-2009, 10:31 AM

Have you tried converting at 89? I don't think there would be much difference between keeping the GUL vs converting the term.

TristanTLC · 11-16-2009, 10:55 AM

If you can FIND a product that will allow you to convert at 89, do tell.

briko3 · 11-16-2009, 11:39 AM

That's the point. The GUL is the better option (IMHO) at his age. There's not a lot of competition in term when you get to be that old.

bitsdawg · 11-17-2009, 04:02 PM

Originally Posted by dgoldenz

Are they replacing another policy? Most people at 69 don't just go out and buy a $500k policy for the first time.

I see it for business owner / key man /financing related policies. Nice sale though.

dgoldenz · 11-17-2009, 04:35 PM

Originally Posted by bitsdawg

I see it for business owner / key man /financing related policies. Nice sale though.

That's why I said most. There are always exceptions....and yes, those are nice cases.