Encourage your life insurance applicants to take advantage of exam and lab-free applications before ordering age and amount requirements. By recommending this strategy, you de-risk underwriting and avoid unnecessary ratings and declines.
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Prepare for a Life Insurance Paramedical Exam
Stop! Before ordering life insurance exams and labs, let’s determine if your client is eligible for exam and lab-free underwriting. If not, this post contains tips you can share with your clients to optimize underwriting outcomes with a few minor behavioral adjustments in the days and hours leading up to the exam.
Two Advantages of Obtaining a Generic HIPAA
Financial Advisors should consider two advantages they derive from obtaining a signed generic HIPAA with every life insurance application. First, a signed HIPAA is required by law, if you wish to discuss medical underwriting details with third parties. Given that a relatively high percentage of applications result in underwriting challenges, a HIPAA enables you to […]
Intelligent Life Insurance Underwriting Strategies for Jumbo Cases
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40-Year Level Term Life Insurance
Financial Advisors recommend clients protect their lifetime income with life & disability insurance. Great news: 40-year level term life insurance now enables young individuals to insure their entire anticipated lifetime income with an ultra-low cost term policy. Let’s take a look at a recent request. Meet Karen Karen, a healthy 25-year young woman, would like […]
Non-Tobacco Premiums for E-Cigarette Users & Vapers
Only ONE highly rated brand name insurer offers a lab test that makes it easy for e-cigarette users (vapers) to qualify for non-tobacco rates, cutting premiums in about half. Let’s look at a recent request: Kayla, F, 26, attorney, vapes daily, needs $3M 20-year level term for income replacement purposes Tobacco premium = $3,024.70 Non-tobacco […]
