I have never dealt with it but had the impression it was looser.
Is Mortgage Life Insurance underwritten any differently than term?
- Thread starter ICACharleston
- Start date
matt0420228
New Member
- 10
There's an opportunity/solution for everything. Just have to find the Pain Point for the client. My 1st deal written was a mortgage protection lead. Ended up writing a modest 10k final expense policy that paid $600. If you can really listen to the clients needs you can make it happen. Think about the clients needs and you'll be good.
Mortgage Life is Term Insurance.. However, some agents sell a simplified issue term for mortgage protection. The product normally has a built in table rating allowing them to sell it without a physical, etc.
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In addition to the Non-med, Return of Premium ROP (sold as the "cash back option") is the product of choice it seems among the MP IMO crowd.
