Underwriting can be overwhelming and convoluted.
Here at IAMS we know that the clients you protect have their own unique histories that often present Underwriting challenges. With so many options available, knowing where to start can be daunting. Let IAMS remove the mystery and help you choose the right carrier the first time. Contact Andrea the next time you’ve “got a guy” that you’re not quite sure where to start with, and stop declines before they happen; You might just be surprised at what she’ll find…
Today’s Challenge
- Male, late 30’s, Non-smoker, seeking 5 million in coverage.
- Client was arrested in March 2023 for DWI. This was an isolated incident and his first offense, with no other criminal or alcohol-related history to report.
- He is married with children, owns his own business, and is need of both personal and business protection.
The Solution
The majority of our carriers indicated that a standard offer with a flat extra of $2.50 per thousand may be possible. Some carriers even went as high as $5.00 per thousand. However, one carrier stood out among the rest, and we were able to secure an offer of Standard Plus with NO flat extra attached to the policy! This particular carrier was willing to drop the flat extra due to this being the client’s only offense and the fact that we were able to provide favorable labs showing normal liver functions, as well as an APS without any alcohol criticisms. This one carrier did what no other carrier would, proving once again that no two carriers are created equal.
Do you have an underwriting question? Contact Andrea Rasser, FLMI, CLU, ChFC, AALU for help by calling (800) 255-5055 or emailing andrea@iamsinc.com.
