I have a few calls into TA, but main guy who can supposedly help is out of town until the 23rd. Got a call back from a marketing lady in another state, but she said she could not help me because it's an older policy and she simply can't help. Then, she gave me another number to call, and unfortunately it was a disconnected number. Ugh. Nice marketing help.
This is about a $100,000 20 yr. term sold in 2006 to a 34 yr. old female (at the time it was standard to offer this in with a health insurance "package").
She was diagnosed with ovarian cancer in 2010 (TA doesn't know this yet). She's still receiving treatment. So that obviously eliminates the possibility of just moving her into a completely different plan.
She called and asked about a conversion to increase that DB to $250,000 and do a conversion to WL (not my forte, or even my thing currently, but I'm trying to learn more). I'm assuming she's concerned about passing away and now feels she needs more coverage, as she is the "breadwinner"--she also had another child in 2009, another reason she wants to increase.
This policy is eligible for conversion without showing insurability.
Is it possible to increase the DB, or will she be limited to $100,000?--which for her purposes might be the only real benefit (if she passes away), although she has a decent chance of survival.
Anyone know how I would quote this??...this is a Transamerica older policy that falls under Monumental, and a LifePro, now referred to as Transamerica Premiere. Without any knowledge yet of how to do this, I'm leaning toward just quoting a Trans Ace? lol...
Also, this could get mildly irritating, as the client is bringing her financial advisor into the convo we will soon have....he is who is advising her to make a conversion, maybe rightfully so, maybe not, I am not sure yet.
Any sound help would be mucho appreciated. Regrettably, I'm not getting much help from the company...just a lowly LI agent here...Oy!
This is about a $100,000 20 yr. term sold in 2006 to a 34 yr. old female (at the time it was standard to offer this in with a health insurance "package").
She was diagnosed with ovarian cancer in 2010 (TA doesn't know this yet). She's still receiving treatment. So that obviously eliminates the possibility of just moving her into a completely different plan.
She called and asked about a conversion to increase that DB to $250,000 and do a conversion to WL (not my forte, or even my thing currently, but I'm trying to learn more). I'm assuming she's concerned about passing away and now feels she needs more coverage, as she is the "breadwinner"--she also had another child in 2009, another reason she wants to increase.
This policy is eligible for conversion without showing insurability.
Is it possible to increase the DB, or will she be limited to $100,000?--which for her purposes might be the only real benefit (if she passes away), although she has a decent chance of survival.
Anyone know how I would quote this??...this is a Transamerica older policy that falls under Monumental, and a LifePro, now referred to as Transamerica Premiere. Without any knowledge yet of how to do this, I'm leaning toward just quoting a Trans Ace? lol...
Also, this could get mildly irritating, as the client is bringing her financial advisor into the convo we will soon have....he is who is advising her to make a conversion, maybe rightfully so, maybe not, I am not sure yet.
Any sound help would be mucho appreciated. Regrettably, I'm not getting much help from the company...just a lowly LI agent here...Oy!