too old for term life
Do you have clients that are “too old” for term life insurance?
The current financial pundits like Dave Ramsey and Suze Orman recommend term life instead of cash value plans. But, what if your client is too old for your term life plans. At age 60 most companies will not offer anything longer than a twenty year plan.
There are alternatives to traditional level term plans. These plans offer the same benefits: guaranteed level premium and guaranteed level death benefit. Some Universal Life can be modified to look and act like term life insurance
Check out sample rates below:
Male age 60 Non-Smoker $100,000 Level Death Benefit
| level premium period | best non-smoker class | standard non-smoker class |
|---|---|---|
| 30 years | $1310 | $1740 |
| 40 years | $1545 | $2010 |
Male 70 Non-Smoker $100,000. Level Death Benefit
| level premium period | best non-smoker class | standard non-smoker class |
|---|---|---|
| 30 years | $2765 | $3600 |
| 40 years | $3000 | $3900 |
