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Is it non med ? I know some carriers do up to $1 mil non medBanner is very aggressive on cases like this.
Is it non med ? I know some carriers do up to $1 mil non med
This.It has the possibility of non-med. Not guaranteed to be.
For young healthy clients, Id say more than 60% get non-med.
Banner, Penn, AIG, and LFG all have this type of program.
Banner will be the lowest cost 8/10 times.
For true SI, I think Assurity would be who you want. But it will be more expensive than the other options I mentioned. You could keep it as a backup.
Apply with Banner, see if he gets approved with no exam.
If he doesnt, pivot to Assurity.
Some carriers would be just an oral swab on this one. Guardian comes to mind in that group. But their 30y is a bit overpriced unless you just want to convert.
There are carriers that go to 5m non-med (I think Penn may go to 10m now).Is it non med ? I know some carriers do up to $1 mil non med
The oral swab thing is dumb. I know that some people are afraid of needles or the agent doesn't want to risk adverse labs but half of the time the non-med is a convenience thing.Some carriers would be just an oral swab on this one.
The oral swab thing is dumb. I know that some people are afraid of needles or the agent doesn't want to risk adverse labs but half of the time the non-med is a convenience thing.
The oral swab is an extra step that seems pointless in most cases.
guessing the sole purpose is to look for hard drugs & tobacco to avoid giving a forever discounted non user rate that could be the difference of 10s of thousands in premiums over the decades or a quick death claim on hard drug user that might get caught on the saliva test. Script checks, medical billing & other algorithms are not likely finding hard drug use like actuaries would want to see.The oral swab is an extra step that seems pointless in most cases.
I mostly agree.
I think the reasoning is 2 fold:
- Lots of people can lie about tobacco use in the express/non-med process.
- Its cheaper than a paramed for the carrier.
Supposedly it is faster. But that all depends on the client.
That makes sense.guessing the sole purpose is to look for hard drugs & tobacco to avoid giving a forever discounted non user rate that could be the difference of 10s of thousands in premiums over the decades or a quick death claim on hard drug user that might get caught on the saliva test. Script checks, medical billing & other algorithms are not likely finding hard drug use like actuaries would want to see.