A carrier’s underwriting assessment involves the review of the overall medical history and the application of crediting tools to improve upon and provide the best underwriting class possible.
Here is a case study that demonstrates how credits can make a difference in the sale, by reducing the premiums.
54-year-old female
Applying for $1 million of term life
Has type 2 diabetes; treated with Metformin
Build is 5’3”; 220 lbs.
Initial work up Table 4.
But with credits for:
Lifetime non-smoker
Income of $100,000
Preferred or better driving record
Negative cardiac testing
Controlled blood pressure
Final offer is Table 2!
Do what’s best for your clients with health history. Contact our Underwriting Department for assistance with your impaired risk cases.