NonMedical Life Insurance

May 9, 2008

  1. Houston1969
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    Group,

    What are your thoughts on NonMedical Life Insurance?

    Houston1969
     
  2. Bob_The_Insurance_Guy
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    For someone who is not in a position to immediately get a job, is morbidly obese, diabetic, has Chron's disease, and never goes to the doctor, it's a great plan.

    As long as you make it clear that this is NOT health insurance, and it's just a discount plan - discounts ranging from 1% to 20% at best - you'll be fine. Make sure you get a company that makes the person initial next to huge letters stating this is not health insurance, nor a supplement, and that it is strictly a discount plan with health benefits built in, as long as they are a member.

    People have Kroger Cards, Publix Cards, Office Depot Cards, Jiffy Lube Cards, Walmart Cards, Prepaid Telephone Cards, why not this?
     
  3. 360
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    Are you high or crazy?
     
    360, May 9, 2008
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  4. jaguar99
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    jaguar99 New Member

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    I was thinking the exact same thing.:laugh:
     
  5. Bob_The_Insurance_Guy
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    Female

    5 ft. 3 inches

    350 lbs.

    Not on Medicaid.

    Does Medical Billing and Coding from home.

    Does not have access to a group plan with the organization she is with.

    Realizes that there is no cap, but wants a little help with paying for meds and doctor visits.

    You help her. And, before you tell her to get a part time job, and get their benefits, keep in mind, it's difficult for someone to get part time, as well as full time, work. Run a Job Seekers meeting and you'll see.

    Your option would be...
     
  6. Guest
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    I thought the question was on life insurance that does not require a paramed.

    However, I agree with Bob's answer as it pertains to limited-benefit HEALTH insurance.


    Al
     
    Last edited by a moderator: May 9, 2008
    Guest, May 9, 2008
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  7. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    looking to go work for NAA .........
     
  8. Bob_The_Insurance_Guy
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    Sorry..

    Had health insurance on the brain.

    Disregard previous post.

    (I'm such an idiot):goofy:

    You said Non Med Life.

    Sorry, I've no experience with it.:embarrassed:
     
  9. 360
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    God I hope so...thought he lost his marbles.

    Sorry Bob...I don't know squat about discount plans etc.
     
    Last edited: May 9, 2008
    360, May 9, 2008
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  10. Dave020
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    I think Bob suffered from a case of "Fridays". LOL. Happens to the best of us.

    As I understand the issue of this thread, non-medical life insurance is issued without medical underwriting on a GI basis at I believe a higher than normal average pricing (table D/4 or something like that)?

    If so, then it could make sense for certain prospects who have health issues that would drive them into the table ratings anyway.

    For reasonably healthy people, I would think a fully underwritten life insurance with the possibility of getting a preferred or standard rating would be more beneficial.

    I would think that to be really good at non-med life an agent would need to be well-versed in the underwriting and probable decision levels of the carriers he/she represents to make the best decision.
     
    Last edited: May 9, 2008
    Dave020, May 9, 2008
    #10
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