Fully UW $20K

[HoosierLife]

When you offered RNA's $25000 for $47/mo and he balked that was a sign.

Where's Bill Engvall when you need him?

Yeah, I was thinking that after I posted this. He said he had gotten a quote from Western Southern. I said, "Yeah theyre priced kinda high." I stuck my foot in my mouth. He said they offered him $20K for $50/mo. Which he thought was too high. 5 star was like $48.

Ill just tell him $48 is the best he's gonna get. Take it or leave it. He'd probably get rated with the Zanax anyway right?

 

[rousemark]

Yeah, I was thinking that after I posted this. He said he had gotten a quote from Western Southern. I said, "Yeah theyre priced kinda high." I stuck my foot in my mouth. He said they offered him $20K for $50/mo. Which he thought was too high. 5 star was like $48.

Ill just tell him $48 is the best he's gonna get. Take it or leave it. He'd probably get rated with the Zanax anyway right?

Depends on the severity of the depression.. Mild depression treated with low dose Xanax is not always a rateable condition.

 

[Todd King]

Agree with others, there is more here than meets the eye. Plus, anxiety may or may not fit fully u/w parameters in every case depending upon the severity; [things like 40.11 doesn't work, I wanted a 40.00 prem, not 39.99 either]. However, Motorist Life Ins Co does offer a fully u/w product with great rates, issue down to 10K face. I've lost touch with the product and do not have a current rate sheet or other details.

Last time Todd King and I chatted, he was about to pick up a contract with Motorist... so maybe he can chime in here. Absent Todd having that connection, Gordon Mkting offers the Motorist contract, last I knew. I have had a couple of cases approved with Motorist where anxiety was an issue, back when I did offer them.
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I just checked Gordon's website and do not see Motorist listed any longer, so maybe they have stopped handling them, not sure. They are a P&C company primarily, with a life co, and offer the product thru P&C agencies but you wouldn't find one of them offering you a decent contract. Again maybe Todd has the answer.... YO TODD!!!

I did pick them up, but I've not really promoted them. To my understanding they have tightened up the UW a bit lately.

 

[jdeasy]

Yeah, I was thinking that after I posted this. He said he had gotten a quote from Western Southern. I said, "Yeah theyre priced kinda high." I stuck my foot in my mouth. He said they offered him $20K for $50/mo. Which he thought was too high. 5 star was like $48.

Ill just tell him $48 is the best he's gonna get. Take it or leave it. He'd probably get rated with the Zanax anyway right?

Prior to the last 2 months I would say he would get standard with RNA's EL. And there is no exam for him at that age and $25000 face.

Every since RNA cut commissions on EL drastically they also seem to be in full business prevention mode on that product. Instead of killing it they seem to just want to let it die.

They are ougher on underwriting and even more nitpicking on details of the app. They seem to be looking for reasons to not issue the EL. I hate to see it die and I will attend the funeral.