Houston1969
Expert
- 39
Group,
What are your thoughts on NonMedical Life Insurance?
Houston1969
What are your thoughts on NonMedical Life Insurance?
Houston1969
NonMedical Life Insurance
- Thread starter Houston1969
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- life insurance
- 1,908
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?
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?
Are you high or crazy?
- 1,908
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...
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...
G
Guest
Guest
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
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- Staff
- #7
looking to go work for NAA .........
- 1,908
Sorry..
Had health insurance on the brain.
Disregard previous post.
(I'm such an ***)
You said Non Med Life.
Sorry, I've no experience with it.
Had health insurance on the brain.
Disregard previous post.
(I'm such an ***)
You said Non Med Life.
Sorry, I've no experience with it.
- 3,384
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.
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.
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