Bipolar disorder--can she get covered?

May 14, 2008

  1. NewAgent123
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    NewAgent123 New Member

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    I don't write a lot of final expense, but work with an IMO that has a lot of companies available for final expense. I have a 66 yr old female needing a final expense policy and she is bipolar. She takes depecote twice a day, trazodone at night and darvicet as needed.

    Will anybody touch her? Again, i'm used to traditionally underwritten products and do not know a lot about the final expense companies.
     
  2. GreenSky
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    GreenSky Guru

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    The short answer is "if she can fog a mirror she can be insured." But since your IMO has so many carriers, did you ask hiim?

    Rick
     
    GreenSky, May 14, 2008
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  3. NewAgent123
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    NewAgent123 New Member

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    Yes, but my contact with them was not in. I did talk to another agent and he said would be tough and the only one he thought was a chance was Lincoln Heritage.

    I did talk to Continental Life underwriting and they said "no way". Not even graded benefit.
     
  4. GreenSky
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    GreenSky Guru

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    I'm not an expert in FE, but I'm reading the underwriting for Americo. They do not have a telephone verification.

    Anyway, I see nothing relating to mental issues other than dementia, Alzheimer's, and memory loss. According to the application, she should get preferred. $10,000 for a non-smoker at age 66 is $500.

    Hope that helps. If your IMO doesn't have Americo you can contact Craig Ritter at Ritter Insurance Marketing.

    Rick
     
    GreenSky, May 14, 2008
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  5. Newby
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    Newby Guru

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    Americo will take her but may not be the best price. I believe Forethought and Monumental would take her graded and should be lower priced.

    Shouldn't be hard to find several companies who will write her graded.

    I wouldn't use Continental for final expense unless it is combined with a med sup. I have never found anybody in that entire building that has the slightest clue of what they are doing with life insurance. They're OK with Med Sups and other health supplements though.
     
    Newby, May 14, 2008
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  6. Newby
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    Correction of my last post.

    Green Sky was correct on Americo. She can answer no to everything and will be prefered.

    Same with Monumental.

    Both would be good choices.
     
    Newby, May 14, 2008
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  7. GreenSky
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    GreenSky Guru

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    Finally got one!:GEEK:

    Rick
     
    GreenSky, May 14, 2008
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  8. retread
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    First of all, Darvocet is just a pain pill. A lot of people take it as needed, including me. It is more powerful than Tylenol. I wouldn't worry about this Rx.

    Depakote and Trazodone are mood stabilizers, usually prescribed by psychiatrists for bipolar disorder. Some critics think this is an over diagnosed illness. (It used to be called "manic-depressive" disorder.) Any way you look at it, this establishes your client as a mental patient. I would pay particular attention to the Mental Health benefits of the policy you are offering her.
     
    retread, May 14, 2008
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  9. GreenSky
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    GreenSky Guru

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    I'm confused. What are the Mental Health benefits of a Final Expense policy. They tease you while you are being buried?

    Rick
     
    GreenSky, May 14, 2008
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  10. retread
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    :laugh: Yeah! I just don't see presenting FE without looking at the whole picture.... Health and FE usually go together. As far as UW goes, I assume that if one has a health plan, that will come out, of course when qualifying for Life. How will it affect the FE policy? I don't know, but I was just making a statement that one should be prepared to be supportive whatever happens. Maybe this is of no concern. Enlighten me.

    Hey... had to step back from this a minute! I put the cart in front of the horse. Forget what I said. Let me bow out of this conversation.... please.
     
    Last edited: May 14, 2008
    retread, May 14, 2008
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