Knights of Columbus Underwriting

[gathbsinc]

I have a client who recieved a SNS quote from Knights of Columbus, i don't know anything about their underwriting but this client has 2 DUIs and chews tobacco. Do they have very liberal underwriting?

I am showing Pru table 5 NS.

 

[dgoldenz]

Did he receive a quote or an offer?

 

[gathbsinc]

It was just a quote but that quote doesn't seem right. I was wondering if anyone had access to K of C's underwriting info.

 

[InsuranceMonkey]

Recent DUI, or we talking distant history? Points are applied by date of violation. Many preferred guidelines exclude someone with a DUI within the last 5 years at a minimum. (for fully underwritten product)

 

[gathbsinc]

One DUI 4.5 years ago and another 2.5 years ago.

What I really want to know is how do they treat tobacco chewers, would that be a nicotine rate or ns like Pru and Lincoln.

 

[InsuranceMonkey]

By the Swiss Re manual, he's a postpone 6 more months, then would be STD + $3.5 flat extra.

Gen Re postpones 6 more months, then $3.00 flat.

Years ago a lot of companies only looked at cigarette use for tobacco rates. That's changed quite a bit. Just a few hold outs left like Pru.

A realistic quote to look at for premium purposes might be STD Tobacco + $3.00. If you get better, it's all gravy.

Fair warning, they're going to be looking pretty hard into alcohol issues here. Might take the case sideways.

 

[dgoldenz]

It was just a quote but that quote doesn't seem right. I was wondering if anyone had access to K of C's underwriting info.

I can quote the guy Preferred Plus but that's going to be meaningless without an offer.

 

[gathbsinc]

I think the quote is bad but was hoping someone could shed some light on their underwriting so I have some ammo to go back to the client with, namely how they treat tobacco chewers.

 

[dgoldenz]

Have you tried calling KoC to ask an underwriter?

 

[gathbsinc]

Yeah, they wouldn't tell me anything because i am not one of their agents.