Impaired Risk Solutions without US Financial (Case Study)
Although we are disappointed that US Financial will no longer accept new business, we work with a number of carriers and have other options we can offer to meet your clients’ needs.
Please call your Brokers Alliance marketer for recommendations for your clients who are seeking impaired risk underwriting. We included links, see below, to get you appointed with Prudential, John Hancock, and/or AXA Equitable. These carriers have been giving us outstanding offers.
Also, look closely at the below Carrier comparison grid that we put together.
As always, if you have any questions, please call (800) 290-7226. Should we be notified of any additional information regarding USFL, we will certainly pass the information on.
Sample Case #1
$750,000 Term Case / DOB: 8/11/39
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Condition(s): Heart |
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Age of diagnosis: 55 |
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Was there a heart attack: No |
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What was the symptoms: Shortness of Breath |
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What type of treatment: Quadruple bypass |
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How many vessels were involved: 4 |
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What was the date of the last stress test and doctor visit: Recently |
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Are risk factors being modified: Taking med for cholesterol and bp. |
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Other information: taking captopril, crestor, genfibrazil, abilify, paxil, diogioxin, and synthroid. was in hospital past weekend due to mental disorder. dad died at age 56 due to heart disease and mom at 73 due to parkinson's disease. |
OFFERS:
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US Financial: Standard |
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Prudential: Table C |
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John Hancock: 150% |
Premiums for 20 Year Term:
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US Financial: $21,288 |
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Prudential: $21,768 |
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John Hancock: $20,058 |
Sample Case #2
$1.5 Million UL Case / DOB: 11/9/41
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Condition(s): Diabetes |
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Age of diagnosis: 49 |
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How is it controlled: Oral Medication |
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Are there any complications: None |
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What is the most recent Hemoglobin A1C or blood sugar reading: 6.5 |
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Other information: oral med only, no insulin, no hospitalization, takes med and checks levels. |
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Tobacco |
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List all forms and quantity of current nicotine use: Cigarettes |
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If applicant was ever a cigarette user, provide as much detail regarding smoking as possible: Current cigarettes 5-10 a day |
OFFERS:
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US Financial: Standard Tobacco (even though only 5 to 10 Cigarettes; because of the Diabetes the
occasional smoker rates did not apply. |
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Prudential: Table A Smoker |
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John Hancock: 200% NON Smoker rate for 3 years |
Premiums for LOW cost UL:
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US Financial: $90,142 |
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Prudential: $88,877 |
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John Hancock: $75,696 |
WHAT YOU NEED TO GET STARTED