Working with a male age 77 who has a funeral trust policy that is assigned to the funeral home. Paying 181 monthly premium for an initial death benefit of $8200 but the first 2 years are rop.
After the first 2 years the death benefit goes up every year and is paid up after 10 years with a death benefit of about 19k.
My issue is that I can get him a standard with transamerica for the same price for 11k with no waiting period but no increasing death benefit. Also if he lives 10 years he will pay double what the death benefit of the policy is.
Health is an issue as he had a heart s
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After the first 2 years the death benefit goes up every year and is paid up after 10 years with a death benefit of about 19k.
My issue is that I can get him a standard with transamerica for the same price for 11k with no waiting period but no increasing death benefit. Also if he lives 10 years he will pay double what the death benefit of the policy is.
Health is an issue as he had a heart s
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