Wednesday, March 19, 2008

How to Extend Term Life Insurance even if you become uninsurable.

I’m Ed Shapiro, a SelectQuote licensed agent. A client, 74 years old, had a Term Life Insurance policy whose term was about to end. Over the years since he bought his policy, he had developed hepatitis and possible cancer.

Knowing he had become medically uninsurable, he asked me if there was any way he could still get Life Insurance.

I was delighted to explain that almost all of the Term Life policies SelectQuote offers have a “conversion and automatically renewable feature” that allows the policy holder to extend coverage — regardless of his or her health.

Our client was extremely relieved he could still provide protection for his family.

I received a call from the client’s wife. She told me that just three months after obtaining his new conversion policy, her husband died. She wanted to express how grateful she was that we were able to extend her husband’s Life Insurance.

Her settlement check arrived just two weeks after she advised us of her loss. And the money was invaluable in paying mortuary costs and setting up a Trust Fund for her.

Ed Shapiro
SelectQuote Account Manager
1-800-304-3356 direct phone

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