Preferred Underwriting

Many companies quote incredibly low term rates for preferred non-smokers, but rarely deliver that rate. To get these companies' best rates, you may need to be in better shape than Bruce Jenner. Our quote system assumes you will be issued as a preferred non-smoker. However, we have selected companies who more frequently deliver those preferred rates. This may put us at a bit of a disadvantage compared to our competitors who may quote low, but unattainable, rates. Remember, when buying term insurance, it is the rate at which your policy is ultimately issued that is important, not the lowest quote!

If you have known health problems, communicate with an agent before quoting. When talking with your agent you may want to discuss the following factors:

Your height and weight, if you are overweight
Your cholesterol level, if you know it is over 220
Your driving record, if you have more than one moving violation in the last three years
Your blood pressure, if you have treated or untreated high blood pressure
Your smoking habits if you have quit smoking within the last 3 years

Any of the above factors should indicate to your agent that the absolutely lowest priced policy is probably not available to you. However, if notified in advance, your agent may be able to find a premium within a few percentage points of the low priced policy. Communication in advance is essential.

For serious health problems, communication with the agent is more important still. Many agents can submit your health information to several insurance companies simultaneously, allowing you several offers to compare.

Re-entry Premiums
Universal Life and Universal Variable Life (more detail)
Retaining Tax Benefits of Life Insurance
Graded Premium Whole Life
Problems with Underfunding a Universal Life Contract
Net Interest/Net Rate of Return

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