Non-med Exam Life Insurance

Discussion in 'Life Insurance Forum' started by pfg1, Aug 26, 2017.

  1. jboussea
    Offline

    jboussea Guru

    Posts:
    424
    Likes Received:
    7

    SBLI will go non med (but they can order APS) up to 500k ... Rates are very close to fully underwritten and they issue preferred rates. Sagicor just got better pricing with their instant decision non med (true simplified issue unlike SBLI)
     
  2. WinoBlues
    Offline

    WinoBlues Guru

    Posts:
    17,402
    Likes Received:
    26
    They also have a rated plan that is nonmed also. Build chart is not bad.
     
  3. Lewis_FL
    Offline

    Lewis_FL Super Genius

    Posts:
    162
    Likes Received:
    1
    ANICO will. don't know how they compare re price to Sagicor...
     
  4. pfg1
    Offline

    pfg1 Guru

    Posts:
    1,080
    Likes Received:
    1
    State:
    Virginia
    Can anyone tell me what Lincoln (express/non med) pricing would be for 50yo male, non-tob, $500k, 20yr term... likely preferred rating. Also, what product is it?

    Or, pricing for another good alternative... SBLI, Principal ... ?

    Thanks!
     
    Last edited: Aug 30, 2017
  5. Lewis_FL
    Offline

    Lewis_FL Super Genius

    Posts:
    162
    Likes Received:
    1
    Lincoln TermAccel $92.67/mo. other express issue carriers: Banner OPTerm $91.44, Principal term $94.07. Cheapest w/exam: Protective Classic Choice term $89.87 or Custom Choice term/UL $91.14. Don't fall for the John Hancock Vitality term quote.
     
  6. pfg1
    Offline

    pfg1 Guru

    Posts:
    1,080
    Likes Received:
    1
    State:
    Virginia
    Thanks so much Lewis_FL! :yes:

    So of those, who is the easiest to deal with? I know in the past, some carriers quote out well...but are a nightmare to get approval from.
     
  7. Lewis_FL
    Offline

    Lewis_FL Super Genius

    Posts:
    162
    Likes Received:
    1
    We've had pretty good success with Lincoln TermAccel (when they turn out to be Preferred+). About 50/50 with Banner. Less that that with Principal. Note Lincoln is all electronic even the policy. Otherwise Lincoln LifeElements term eticket with express underwriting is almost as cheap.
     
  8. pfg1
    Offline

    pfg1 Guru

    Posts:
    1,080
    Likes Received:
    1
    State:
    Virginia
    Thanks. What do you mean the policy is electronic?
     
  9. Lewis_FL
    Offline

    Lewis_FL Super Genius

    Posts:
    162
    Likes Received:
    1
    no paper anywhere. e-app and pdf of policy.
     
  10. WinoBlues
    Offline

    WinoBlues Guru

    Posts:
    17,402
    Likes Received:
    26
    The policy is emailed to the client.

    I was really anti Epolicies till I did a couple. Super efficient. Depending on the client of course. Mine were larger cases with clients that were very comfortable with technology.
     
Loading...

Share This Page