Kooiker - 12/27/2025 21:08
Boone & Crockett - 12/27/2025 18:23
Kooiker - 12/27/2025 16:33
32 wcf - 12/27/2025 12:45 200k a year
$200k/year will buy a $10 million policy on a 75 year old male?
How much would you be paying/year when Grandpa is still alive at 80? What about 85?
Not even close. The average life expectancy for a 75 year old male is 10.92 years. The company needs to recoup all of its expenses, and build in a profit. And has 10.92 years to get it done. I could get a qoute from my broker, but I don’t waste peoples time just to prove a point.
I didn’t think that sounded even remotely close to reality.
Like I said, the house always wins. The insurance company isn’t in business to lose money.
I’d be surprised if the 10m policy on a 75 year old male wasn’t over 1m per year.
And that’s assuming he doesn’t have any health issues. Not many 75 year olds that can qualify at all, let alone at standard rates. When we went the independent brokerage route 20 years ago, I no longer had to design my own qoutes, just called the firm with all the info and they’d get back to me with the top five best offers. Otherwise I’d have the software on my computer to tap out an answer in 5 minutes.