Monumental Work Here?

[WGO]

I have been doing term with Transamerica, but can also write for Monumental. I have not yet done any final expense. A women came to me that wanted a term policy, but I am sure she will not qualify. Would she qualify for a Monumental final expense plan?
Female non-smoker, 48, 5'8", 285 lbs., type II non-insulin diabetic, only other medication is an antidpressant.

 

[lsalmans]

Yes. she would get the standard rate tho. Probably are better options our there for her because AntiDepressants are not a big deal in Final Exp. But I understand the convenience since you're already contracted.

 

[jdeasy]

Yes. she would get the standard rate tho. Probably are better options our there for her because AntiDepressants are not a big deal in Final Exp. But I understand the convenience since you're already contracted.

Why standard? That looks like preferrd to me. he said "non insulin".

 

[jacobtn]

She would get preferred although there are still cheaper carriers out there for her.

 

[lsalmans]

The last question on the app says if under the age of 50, has the proposed insured received treatment for clinical depression.

Because of the Anit-Depressant this may fall in this category. I could be wrong on this though.

 

[Rearden]

UHL... AmCon... all good choices.

 

[RBHAGENT]

UHL... AmCon... all good choices.

I second this statement. All good choices.

 

[SportsNut]

I have been doing term with Transamerica, but can also write for Monumental. I have not yet done any final expense. A women came to me that wanted a term policy, but I am sure she will not qualify. Would she qualify for a Monumental final expense plan?
Female non-smoker, 48, 5'8", 285 lbs., type II non-insulin diabetic, only other medication is an antidpressant.

First off, why pronounce her inelligible for fully u/w term life? Based on the above she should fall into a Tbl D to F unless other medical issues surfaced in an APS. As e'g', for a 20 yr term 100K face, she would be looking at rates of 52 mo for Tble D to maybe 65 mo on Tble F, for 20 yr gauranteed rates. (Based on Protective Life rates and Ht Wt cht - Prudential is a good place to look for high BMI as well). These folks are great for conversions too, so if you approached this I would make certain that you placed her on a plan that allowed for liberal conversions and conversion of less than the full face amt, if possible.

If the above u/w failed, you can always fall back to FE. Also, antidepressant med does not meet the definition of clinical depression, so the question on a FE app would not be yes just because she is on paxil or other treatment for depression. See the def for Clinical Depression here.

 

[TwiLight]

Why not UHL for Term. With Ht/Wt she qualifies for Express Issue Deluxe.

20 year Term $25-50,000. (50k is $36.46/mo)
FE Whole Life $5-50,000. (25k is $74.36/mo)

 

[lsalmans]

. Also, antidepressant med does not meet the definition of clinical depression, so the question on a FE app would not be yes just because she is on paxil or other treatment for depression. See the def for Clinical Depression here.

Thank you for clarifying this. I feel like the whole world takes an anti-depressant. I've often thought that this question would rule out a lot of people if their under age 50.