New Underwriting Questions Specific to Covid 19

[damadcrapper]

Has anyone seen carriers adding questions to their application process specific to Covid 19?

 

[WinoBlues]

Has anyone seen carriers adding questions to their application process specific to Covid 19?

That would be tough to do.

 

[Baseball7]

No.....

 

[Todd King]

Has anyone seen carriers adding questions to their application process specific to Covid 19?

You wouldn't see it this quick even if the insurance companies have it print ready. Each state has to approve the app.

 

[WinoBlues]

Has anyone seen carriers adding questions to their application process specific to Covid 19?

If it gets to that point you will see the companies pull product or put a moratorium on new business first.

 

[Tahoe Ray]

You wouldn't see it this quick even if the insurance companies have it print ready. Each state has to approve the app.

Not FE but a few term carriers are starting to require good health statements at delivery.

 

[Tahoe Ray]

If it gets to that point you will see the companies pull product or put a moratorium on new business first.

I agree.

BUT, Principal is now doing non-med DI up to 10k/mo (used to be 6k) through May 31 so maybe this will create some positive shifts in the industry down the road.

 

[WinoBlues]

I agree.

BUT, Principal is now doing non-med DI up to 10k/mo (used to be 6k) through May 31 so maybe this will create some positive shifts in the industry down the road.

Yeah, one of my favorite companies is F2F only. A few days ago I was speaking with the head of underwriting on this. They are strongly looking to go to phone sales as well.

 

[DonP]

Your speaking of United Heritage correct? They were awesome until they raised their rates. It was Transamerica with 100 times better customer service.Do they even have an eapp?

 

[WinoBlues]

It was Transamerica with 100 times better customer service.Do they even have an eapp?

Agreed. 100% Hands down the best customer service and claims service I have ever had. There are others I would consider a close second.
No eapp. Not sure if they will use Crown to do a PHI or not.

Dropping the graded plan really hurt, then the rate increases. If they are even in the ballpark I will offer them as an option and explain why. Then the client chooses.