Mortgage Term and DI rider

Aug 13, 2007

  1. saieddie
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    saieddie Guru

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    Anyone heard of this? I've got a client that wants a combo mortgage term policy with a mortgage disability rider. I can write 2 separate policies, but wanted to know if anyones heard of a good policy that combines the two.
     
    saieddie, Aug 13, 2007
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  2. somarco
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    somarco That Medicare Expert Guy

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    I have never seen one worth having. The DI riders are mostly window dressing. I don't see any of them really having a chance of paying off.
     
    somarco, Aug 13, 2007
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  3. WBunch
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    WBunch Super Genius

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    Ditto to that thought. It is best to have a life and a seperate DI policy..
     
    WBunch, Aug 13, 2007
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  4. saieddie
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    saieddie Guru

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    Thanks, thats what I was thinking too. Thought I'd see if I could get something where she wouldn't have to go through underwriting twice.
     
    saieddie, Aug 14, 2007
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  5. arnguy
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    arnguy Guru

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    I am not certain, but I think Utica national Life Assurance Co., may have such a product if they are licensed in your state.
     
    arnguy, Aug 14, 2007
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  6. fostever
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    fostever Guru

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    Correct me if I'm wrong, but I think you can use one paramed for both policies as long as it is done within a certain time frame like 30 or 60 days.
     
    fostever, Aug 14, 2007
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  7. Winter_123
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    Winter_123 Guru

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    Mutual of Omaha has DI rider on their "Term Complete" product which is fully underwritten, if you want to go that route. I agree that the DI riders are lousy but am just responding to what you asked.

    Winter
     
  8. WBunch
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    WBunch Super Genius

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    This is true. You can have one paramed done at the same time for both policies as long as each companies paperwork is done.
     
    WBunch, Aug 14, 2007
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  9. Mark
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    Mark Guru

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    Mark, May 23, 2008
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