Key to Success: Carrier Selection / Underwriting Exception
Applicant Summary:
- F, 26, attorney, vapes daily
- Needs $3,000,000 20-year level term life insurance
Advisor calls CPS Advantage for options for a successful young attorney client already hitting it big! His problem is that she vapes daily. His primary insurer requires smoker rates. Is there a way to qualify her with another highly rated insurer at non-tobacco premiums? Yes!
Tobacco Premium
- $3,024.70 per year for $3,000,000 20-year level term life insurance
Top Rated Alternate Insurer at Non-Tobacco Rates
- $1,535.01 per year of $3,000,000 20-year level term life insurance
- Annual premium savings: $1,489.69
- Total premium savings over the 20-year term: $29,798.80
- Discount: 49%
