Genworth took me on a Colony Term UL 30 at their top rating. I wanted Guardian but they didn't seem to want me boohoo. $250k for $343/year x 30 years not bad!
So basically a doctor could write anything in my "chart" (regardless of what I tell them) and be completely wrong, but I would still be screwed by the insurance company. I seem to remember a Seinfeld episode similar to my situation.
Do life companies have any type of underwriting review processes?
Years ago I saw an internist for an upset stomach. He wrote that I have GURD (I don't as attested by other doctors and my own symptoms). From that point on I was ineligible for individual health insurance. Luckily, my wife has a great guaranteed issue group plan.
As to your situation, did you request a copy of your lab results? They're mandated to furnish it in writing at your request and send to you directly for HIPAA reasons. Then you can take the results to your doctor.
I can't tell you how often I run across this issue. I now urge all clients to get and keep copies of all medical records for all members of the family.
Had a client recently get declined for life after records showed he went to the ER for stomach issues, and his soon to be divorced wife commented to the doctor that he was a drunk. No history of alcoholism, but it was in the doctor notes and he wouldn't retract.
Well I got my medical records. It seems that doctors like to put things in their notes simply because the probabilities would indicate something. Example: I get checked for bad stomach acid, so the doctor puts in "possible anxiety". Even though I also answer no to the question of are you depressed or anxious? Which they write in notes as "Denies being depressed or anxious"
It seems some underwriters can see through the fog. Why would 2 companies rate me on top and one near the bottom...? A sore toe would make me ineligible for waiver of premium, Really?
It seems underwriters can choose to justify any decision if they want to depending on company finances, or if they are having a bad day?
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There doesn't seem much can be done, especially if it is several years later. I would like to see how underwriters make their decisions. I suspect they are not as impartial as we think. Managers breathing down their necks, bad stock market etc.
I can't tell you how often I run across this issue. I now urge all clients to get and keep copies of all medical records for all members of the family.
Had a client recently get declined for life after records showed he went to the ER for stomach issues, and his soon to be divorced wife commented to the doctor that he was a drunk. No history of alcoholism, but it was in the doctor notes and he wouldn't retract.
