I have a 70 year old client.
He had a heart attack 14 years ago.
In good health now. Looking to 1035 a small whole life policy to buy a bigger death benefit with a new policy, a UL--new policy.
He got the paramed exam, and the company requested a APS. Not sure if the APS was already presented or has yet to be presented.
Anyway he texted me that 2 days ago he had a heart attack, and the doctor said their was no damage, confirmed by tests, but he is going in for a stent on Monday.
No premium was collected while the policy is being underwritten.
Is it possible that the policy would be approved concurrently with the sent procedure ?
Is this a guaranteed decline ?
The illustration was for one better than standard, but now it would surely be table rates.
Any chance this policy gets approved ?
Death Benefit less than 250k.
35k is initial 1035 dump in, and yearly premium was $ 6500.
Thanks
He had a heart attack 14 years ago.
In good health now. Looking to 1035 a small whole life policy to buy a bigger death benefit with a new policy, a UL--new policy.
He got the paramed exam, and the company requested a APS. Not sure if the APS was already presented or has yet to be presented.
Anyway he texted me that 2 days ago he had a heart attack, and the doctor said their was no damage, confirmed by tests, but he is going in for a stent on Monday.
No premium was collected while the policy is being underwritten.
Is it possible that the policy would be approved concurrently with the sent procedure ?
Is this a guaranteed decline ?
The illustration was for one better than standard, but now it would surely be table rates.
Any chance this policy gets approved ?
Death Benefit less than 250k.
35k is initial 1035 dump in, and yearly premium was $ 6500.
Thanks