How is RNA FE?

[Newby]

I can tell you from working in funeral homes that there is no company on earth that pays a prompt death claim if death occurs from natural causes within the first two policy years.
Most of them that get contested will be declined and ALL of them will be contested.
There are exceptions but it is pretty rare for someone to be perfectly healthy today and die within 24 months from a health problem. If an agent has a lot of these the company knows he is writing bad business.
When companies don't do phone interviews, MIB or script checks they attract this kind of business.

 

[WinoBlues]

My experience has been different. Have never had a claim declined. A couple have taken a couple months.

Last contestable claim was a 17 day old baby. Wrote him on Friday and died Sunday. The app was still sitting on my desk when they called. Peoples Benefit Life (Stonebridge). They paid the claim.

 

[Daytona_Guy]

The app was still sitting on my desk when they called. Peoples Benefit Life (Stonebridge). They paid the claim.

That's the kind of experience that breeds new business from referrals.

It is quite disheartening to hear that most of the contested ones will be denied. This man was perfectly fine one year ago and then was diagnosed and died from lung cancer, all within the last 30 days. Tragic. He had a clean bill of health on his records up to that point, so hopefully there's nothing to contest there.




.

 

[bill3173]

I've had death claims within the first year with Settlers and American General, and both companies paid promptly. If there is no foul play or something obviously suspicious, claims of $25k or less should not be a big issue.

I saw American General pay a $100K claim on a teenager, who had only been insured for 6 weeks, when he died in a car accident.

That's good info. to have about RNA. I recently contracted with them, but just haven't had enough info. to use them.

I do too much referral business for people to have a bad experience like that on a simple death claim.

Do you think it has something to do with their Fraternal Org. Status?

 

[WinoBlues]

That's the kind of experience that breeds new business from referrals.

It is quite disheartening to hear that most of the contested ones will be denied. This man was perfectly fine one year ago and then was diagnosed and died from lung cancer, all within the last 30 days. Tragic. He had a clean bill of health on his records up to that point, so hopefully there's nothing to contest there.

.

Yeah. I have about 15 policies with that family. Including the Great Granny and a 20 day old new baby we just wrote.

I can only think of two (in 25 yrs) that were really long. One was a claim on a man's daughter that took him ten years to file. Auto accident. $10,000. About 5 month. The adjuster was a moron. I wound up helping the client with a letter to the DOI cc'd to the company. They paid. They threaten to cancel my contract. ooooh! BFD! The other was a case on my uncle through GE (genworth). $15,000. About 6 month. My aunt came to my office with my Mom! Again the adjuster was a moron. Requested an APS from a doctor from 20 years out.

I think these guys were bill padding.

Suggestion to newer agents. Get involved. Advocate for your client.
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That's the kind of experience that breeds new business from referrals.

It is quite disheartening to hear that most of the contested ones will be denied. This man was perfectly fine one year ago and then was diagnosed and died from lung cancer, all within the last 30 days. Tragic. He had a clean bill of health on his records up to that point, so hopefully there's nothing to contest there.

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I can see them requesting APS from all his current doctors. What seems to be the hold up? I would call the adjuster.

 

[Newby]

I don't mean the companies will decline the legit cases. I mean the majority of simplifies issue policies that are issued as healthy but the person dies a non accidental death in the first two years are written on people who did not qualify for the policy in the first place.
It could be agent error or clients lieing or whatever but it's the way it is.

That's the kind of experience that breeds new business from referrals.

It is quite disheartening to hear that most of the contested ones will be denied. This man was perfectly fine one year ago and then was diagnosed and died from lung cancer, all within the last 30 days. Tragic. He had a clean bill of health on his records up to that point, so hopefully there's nothing to contest there.




.

 

[WinoBlues]

I don't mean the companies will decline the legit cases. I mean the majority of simplifies issue policies that are issued as healthy but the person dies a non accidental death in the first two years are written on people who did not qualify for the policy in the first place.
It could be agent error or clients lieing or whatever but it's the way it is.

>>clients lieing

Gasp! Say it ain't so!