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Started By
Message
Term life insurance
Posted on 12/19/18 at 1:08 pm
Posted on 12/19/18 at 1:08 pm
What carrier do y’all recommend? 37 years old in decent health, looking for a 20 or 25 year $1m term policy.
4
Posted on 12/19/18 at 1:35 pm to 632627
Try AIG through Select Quote. They're a decent company that pays claims and their rates are among the cheapest out there, as they relate to other legitimate life insurance companies.
This post was edited on 10/15/19 at 6:08 am
Posted on 12/19/18 at 1:44 pm to TDsngumbo
i can quote you through State Farm if you want
Posted on 12/19/18 at 1:49 pm to Zach Lee To Amp Hill
He likes his paycheck too much to let you do that baw.
Posted on 12/19/18 at 1:50 pm to 632627
Just ran a quick quote for $1M, 25 years and preferred rating:
Banner-$894/yr
AIG-$904/yr
Pacific Life-$904/yr
Protective-$915/yr
Allianz-$956/yr
I personally have Lincoln and Banner.
Banner-$894/yr
AIG-$904/yr
Pacific Life-$904/yr
Protective-$915/yr
Allianz-$956/yr
I personally have Lincoln and Banner.
This post was edited on 12/19/18 at 1:54 pm
Posted on 12/19/18 at 2:22 pm to Janky
Not that he would convert, but how are Banner's conversion options/choices these days? Used to be dogshit.
Posted on 12/19/18 at 2:27 pm to iknowmorethanyou
quote:
Not that he would convert, but how are Banner's conversion options/choices these days? Used to be dogshit.
Conversions can be requested anytime within the duration of the guaranteed level premium period, up to attained age 70, whichever comes first. Policies issued at age 66 or over are convertible during the first five policy years.
Banner
Posted on 12/19/18 at 2:29 pm to Janky
Thanks.
Posted on 12/19/18 at 2:53 pm to Zach Lee To Amp Hill
Ha! My other life insurance is already with SF.
Posted on 12/19/18 at 2:57 pm to Janky
Thanks guys. I just spoke with a agent/broker that has access to ny life, prudential, banner and others.
Posted on 12/19/18 at 3:08 pm to 632627
State Farm 20 year $1MM -$860 year
Posted on 12/19/18 at 3:09 pm to bstew3006
That's $250/year more than several other reputable companies.
Posted on 12/19/18 at 3:16 pm to bstew3006
$1M, 20 years and preferred rating:
Lincoln-$618/yr
AIG-$629/yr
JH-$629/yr
Banner-$631/yr
Lincoln-$618/yr
AIG-$629/yr
JH-$629/yr
Banner-$631/yr
This post was edited on 12/19/18 at 3:16 pm
Posted on 12/19/18 at 3:16 pm to iknowmorethanyou
quote:
That's $250/year more than several other reputable companies.
Ok, so does SF when running "elite", "preferred", that's how other "reputable" companies advertise.
who offers $1MM 20 year term on a 37 year old for $600 year at a standard rate? NOT PREFERRED, but standard Non Tobacco?
I also have $1MM through NYL at $660 year, but I was also in great health at that time and got a super preferred rate. Have $1MM on wife with NYL for $380 year, but she's also in great health (elite rate).
Fact is most companies are usually within $10 of each other. I'm not stating SF is the cheapest, they aren't, but to be Quoting preferred rates is a little misleading.
This post was edited on 12/19/18 at 3:29 pm
Posted on 12/19/18 at 3:41 pm to bstew3006
quote:
ut to be Quoting preferred rates is a little misleading.
Not really. 37 years old in decent health would get preferred in most cases.
Posted on 12/19/18 at 3:46 pm to Janky
quote:
Not really. 37 years old in decent health would get preferred in most cases.
I disagree, damn underwriters
Posted on 12/19/18 at 3:57 pm to bstew3006
Seems like we have at least one broker in here....
Do any of the carriers have more lax underwriting? Ie. Would one carrier sometimes rate preferred for a risk that most other carriers would quote as standard?
Do any of the carriers have more lax underwriting? Ie. Would one carrier sometimes rate preferred for a risk that most other carriers would quote as standard?
Posted on 12/19/18 at 4:15 pm to 632627
quote:
Do any of the carriers have more lax underwriting? Ie. Would one carrier sometimes rate preferred for a risk that most other carriers would quote as standard?
Yes
You are at the mercy of the underwriter, not the agent/broker
Posted on 12/19/18 at 4:52 pm to bstew3006
quote:
Yes
You are at the mercy of the underwriter, not the agent/broker
Yes, I understand that- The question was directed towards the brokers in this thread (I assume janky is one).
This post was edited on 12/19/18 at 4:53 pm
Posted on 12/19/18 at 4:58 pm to 632627
I have been holding an insurance license since 2000 although I don’t sell it anymore. Yes, certain companies are more agressive in their underwriting. Some are better for say high cholesterol while some are better for certain age groups. That is why finding someone who isn’t captive is important.
This post was edited on 12/19/18 at 4:59 pm
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