too old for term life

strokeDo 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 periodbest non-smoker classstandard non-smoker class
30 years$1310$1740
40 years$1545$2010

Male 70 Non-Smoker $100,000. Level Death Benefit

level premium periodbest non-smoker classstandard non-smoker class
30 years$2765$3600
40 years$3000$3900