Forethought Underwriting

[lsalmans]

Forethought people with experience. I have a healthy male in his mid 60's. He is healthy, other then a year ago Metformin was prescribed for about 4 months. It was later determined he didnt have diabetes. So they quit prescribing. I would like to use Forethought because of the situation with grandchildren he has. Does anyone know if forethought will flag this because it was within 2 yrs. and its ties to treating diabetes?

Thanks

 

[jacobtn]

if he's not on insulin it doesn't matter. Forethought is probably the most difficult FE carrier to get approved through, but they don't care about oral meds.

 

[lsalmans]

and you're confident they wont care about the timing of the prescription. I do know that this is something that will hold Foresters up, if the prescription start date falls within 2 yr window.

 

[SportsNut]

I agree, ForeThought shouldn't have a problem with it, but call an Underwriter and pre-screen the case. Make note of who you speak with and their comments and include that in a cover letter. Additionally, if you wanted to be doubly safe you could have the pi get a letter from his physician explaining the diagnosis of diabetes then the reversal of that diagnosis. Again, I doubt that this will be necessary though.

 

[scotte]

Just got an email from Forethought saying they are changing the application. The bad part sounds like, when you submit a level app, they will draw money even if approved graded. This won't give you a chance to say no and take it to another company.

 

[digfesales105]

Just got an email from Forethought saying they are changing the application. The bad part sounds like, when you submit a level app, they will draw money even if approved graded. This won't give you a chance to say no and take it to another company.

We gave up Forethought a couple weeks ago. They seem to be a few years away from perfecting their FE program. We've had for about a year. It was too much hassle for the agents more often than not.

 

[Newby]

Just got an email from Forethought saying they are changing the application. The bad part sounds like, when you submit a level app, they will draw money even if approved graded. This won't give you a chance to say no and take it to another company.

I thought their phone interview ended in a decision? Why would they need to change it?

 

[scotte]

I thought their phone interview ended in a decision? Why would they need to change it?

Because they probably loose a lot of deals when they come back with graded. So they are going to make it harder for the client to back out by withdrawling their money.