My primary focus is P&C, but also licensed in life. I'm seeking to increase my life sales and thus targeting my new home buyers with a mortgage protection insurance campaign.
Most of these prospects are busy at this stage and not interested in, or don't have the time for, a fully underwritten term policy. Many are not in best of health and/or would be table rated.
The leading concern of these new home owners is cash outflow. An ROP option can help soften, and/or alleviate that.
Some guaranteed issue term policies I've seen are basically final expense with max death benefit of $25k/10 years. Obviously not enough to cover a mortgage.
What carriers offer guaranteed issue term up to 30 years with an ROP option and high death benefit? Average mortgages in my area are $250k - $500k.
What are premiums like for a policy such as this?
Thanks.
Most of these prospects are busy at this stage and not interested in, or don't have the time for, a fully underwritten term policy. Many are not in best of health and/or would be table rated.
The leading concern of these new home owners is cash outflow. An ROP option can help soften, and/or alleviate that.
Some guaranteed issue term policies I've seen are basically final expense with max death benefit of $25k/10 years. Obviously not enough to cover a mortgage.
What carriers offer guaranteed issue term up to 30 years with an ROP option and high death benefit? Average mortgages in my area are $250k - $500k.
What are premiums like for a policy such as this?
Thanks.