- 676
So I have an age 62 nearest mom and 68 nearest dad. Son is the owner and beneficiary. He is getting the policy and paying for it. Face amount is $500k each. Current life carrier will only do $150k since the parents just got their green card recently and don't have assets in the US. Life carrier won't count their overseas assets. The parents income isn't enough to justify the 500k face value they want. Apparently another broker say they have a carrier, maybe Nationwide that can do the 500k and don't ask about the parent's income. Only the son's income and his paying ability? They just need a joint account together to pay the premiums out of. He wants to get the policies with me and I need a carrier that can do the $500k face amount.
Which life carrier can do a GUL and don't ask the parents income? His view is he is paying it, he is the beneficiary, why do the carrier care about his parent's income. I don't do too much life and trying to find another market here before he goes elsewhere.
Which life carrier can do a GUL and don't ask the parents income? His view is he is paying it, he is the beneficiary, why do the carrier care about his parent's income. I don't do too much life and trying to find another market here before he goes elsewhere.