- 4,144
They phrase the question the same as LH, you tell me if they do.
Fidelity Life FE
- Thread starter suranceman
- Start date
I sell Prosperity all the time. Folks taking insulin and gabapentin/lyrica for neuropathy get level every time (provided they have no other health conditions that would knock them down to graded/modified). The Apptical interviewer will sometimes come back and reask the diabetic complications question if diabetes/nerve pain meds come up, but as long as they answer NO, they get level. The question asks if within the last 2 years, you've been diagnosed, treated, had medication or been hospitalized for diabetic complications such as insulin shock or diabetic coma or had an amputation due to complications of any disease. That doesn't sound to me like they are including diabetic neuropathy.
Look at the RX guide for Gabapentin. It states if taking for neuropathy due to diabetic complications modified.
Why risk a contestable claim?
Such as does not mean limited to. Diabetic nueropathy is complications and this is modified. If that customer died in the first two years they wouldn't pay the claim. And if they live past two years but under 5, they will look to revisit this products underwriting, rates, commissions, and the plan all together.
- 4,876
I agree. Diabetic neuropathy is definitely complications due to diabetes. What else would you call diabetic neuropathy?
That's why they call it diabetic neuropathy rather than just neuropathy.
- 4,144
Diabetic Neuropathy is also an "ever" condition, means even if you were diagnosed 2+ yrs ago you always have it. I'd opt for a carieer that 100% takes it like FBL, RNA, or Transamerica.
- 934
Yeah, the commissions aren't what agents get from the main FE players - they're lower in the 100% range on level, 50% range on GI. MUCH lower at ages 70+, then lower again at age 80+. Less than 1% renewals. $50 non-commissionable policy fee. For contracts, Brokers Alliance is a good outlet for Fidelity. We have them, but prefer not to market this FE product at the moment.
- Thread starter
- #28
- 924
Because it's easier for him to make money by committing insurance fraud.
What really sucks is guys like him will ruin the product for the rest of us because it's not priced to absorb the risk of diabetic neuropathy clients.
- 4,313
I was visiting a prospect recently, who had a visitor who wanted to get a quote from me. He mentioned diabetes with neuropathy. He had recently purchased a policy and just wanted to see if I could beat it. When I realized that he had been rated "preferred", I was pretty sure he and the agent probably answered a health question or two wrong, for which I would blame the agent. I try not to quote on the fly like that, so I told him I'd get back with him, but I'm tempted to just leave it alone.
- 6,111
Why risk losing a commission by consulting the rX guide?
And yes ... that tone you detect is sarcasm.
