Would you rate this guy as a Table 2?

Mar 28, 2019

  1. secondcreek
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    secondcreek Super Genius

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    Non smoker
    Current age 58
    No weight issue
    Diabetes diagnosed at age 52
    Current meds: Tresiba 44-48 units 1x a day, Jardiance 25 mg 1x a day, Janumet 50mg/1000mg 1x a day
    Most recent A1C was 8.0
    No neuropathy and no other medical issues

    My gut says to rate him as a standard Table 2. He wants a 100k 20 yr term. Banner is the best I have found at a Table 2.

    Any agreement/disagreement on rating him as a Table 2? I have never used Banner. Are they reasonable on diabetics?
     
  2. LGilmore
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    LGilmore Guru

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    Similar guy right now. submitted for pre underwriting and they said 3-4 table. Do you have anybody besides us to ask? Can you fill out a prescreen questionnaire? Cause if you're wrong, what's the odds of placing the case?
     
    LGilmore, Mar 28, 2019
    #2
  3. secondcreek
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    secondcreek Super Genius

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    Which carrier told you Table 3-4 on your situation?

    I would like to get the sale but honestly I am not chasing too hard. He is a nice guy but I focus mainly on the FE market and don't want to get too distracted by a fully underwritten case. If it goes above a Table 2, he needs to keep his current policy which is $122 a month.

    I am suppose to meet with him tomorrow afternoon. In case I don't hear back from my underwriting point of contact before my appointment with the client I trust the experience in the forum to point me in the right direction.

    Is Banner known to be strict with diabetics or somewhat reasonable?
     
  4. TampaHound
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    TampaHound Guru

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    It's been a while since I've done a underwritten policy. Can you get him in under an SI?

    It's probably due to the medications he's on. If I'm correct, they tend to be pricy.
     
  5. WinoBlues
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    WinoBlues Guru

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    With the limited info - I would quote him a range up to T4.

    What does he have now? Is he looking to replace because he is terming out? The renewal premium is what I would quote against.
     
  6. secondcreek
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    secondcreek Super Genius

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    He wants to add some coverage but anything above a Table 2 knocks him out of his budget. I am going to show him T3 and T4 prices and tell him he will just have to increase his budget if he wants to obtain anymore coverage.
     
  7. WinoBlues
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    WinoBlues Guru

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    Just a suggestion - Banner and AIG may give you a small break on the tables. However, not that much on this case. Maybe add more value by using Protective Custo, Classic UL. Show him that the premium does not go up at age 79 so he can keep some coverage when the other term gets to expensive. I have found Protective pretty fair on Type 2s.

    Lee
     
  8. billyb
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    billyb Guru

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    From my experience with diabetics he will not get a Table 2. Insulin dependent with an A1C of 8? His condition is not controlled. I am a diabetic and my A1C is 5.
     
    billyb, Mar 29, 2019
    #8
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