Underwriting

There are over 700 life insurance in the United States and each one has their own rate sheet and underwriting guidelines. Factors such as your age, coverage amount and length of the policy all affect the premiums. More specifically, your height & weight, blood pressure readings, cholesterol readings, family history, tobacco use, driving record, health conditions current and prior, foreign travel and even avocations such as scuba diving will determine which life insurance will offer the best rate. Even a single pound on the weight chart or one point over on your blood pressure readings can affect your rate significantly if you choose the wrong carrier. 

The good news is that we have been helping people for more than 14 years with their life insurance coverage and placed thousands policies inforce and have a unique knowledge of the underwriting guidelines as well as have access to software to filter the best carrier for specific underwriting profile.

 Let’s take a look at some of the most common health and lifestyle factors that affect life insurance underwriting.

ADHD/ADD

Alcohol abuse

Anemia

Aneurysm

Angina

Angioplasty

Anxiety

Apnea/sleep apnea

Aortic valve

Arrhythmia

Arteriosclerosis

Asthma

Atrial fibrillation (Afib)

Artificial Valve

Aviation

Bankruptcy (Multiple Bankruptcy)

Barrett’s esophagus

Bell’s Palsy

Bicuspid Aortic Valve

Bigeminy

Blood pressure (Hypertension)

BMI

Bypass surgery

Build

Bundle Branch Blocks (BBB) Left/Right

Cancer (Colon, Basal Cell Carcinoma, Breast, Leukemia, Lung, Malignant melanoma, Pancreatic, Prostate, Squamous Cell Carcinoma, Thyroid)

Cannabis

Calcium Score

CBD Oil

Chewing tobacco/dip

Climbing and mountaineering

Colon polyps

DUI (Multiple Dui)

Cholesterol

Cigars

Depression

Driving

Drug Treatment

Family History

Military

Motor vehicle racing

Chronic obstructive pulmonary disease (COPD)

Cigarette Smoking

Coronary artery disease

Crohn’s disease

Diabetes (Type I, Type II, Gestational Diabetes)

E-cigarette

Emphysema

Epilepsy/seizure disorder

Gastric surgery for obesity

Gout

Grave’s Disease

Hashimoto’s Disease

Heart attack

Heart murmur

Hepatitis B

Hepatitis C

Kidney function test

Liver Disorder

Liver function test

Lymph Node Disorder

Marijuana

Multiple Sclerosis (MS)

Myocardial infarction

Neuropathy

NT-proBNP

Obesity

Osteoarthritis

Overweight

Pacemaker

Pain Medications (Opioids)

Pancreatitis

Parkinson’s disease

Peripheral artery disease (PAD)/peripheral vascular disease (PVD)

PSA Elevated

Pulmonary nodule

Rheumatoid arthritis

Scuba diving

Sky diving

Smoking

Stent (Multiple stents)

Stroke

Tachycardia

Transient ischemic attack (TIA)

Transplant (Kidney, organ)

Travel Foreign

Tobacco

Ulcerative colitis

Underweight

Vaping

Visa (H1b and all others)

Wolff-Parkinson-White

Case Study 1: A 58-year old male, diagnosed with type II diabetes 4 years ago, taking metformin, and a blood pressure and cholesterol medication. He he had mild peripheral nephropathy from diabetes but doesn’t affect mobility, works full time no other issues. PI was approved at standard plus. Other top carriers offered table rates for much higher premium.

Cast Study 2: A 45-year old female, takes 2 medications for anxiety/depression. Works full-time, never missed time from work was approved at the Preferred health class, most other life insurance companies offered a standard health class which was a large difference in monthly premiums.

Case Study 3: A 62-year old male, had prostate cancer over one year ago at age 61. Had a radical prostatectomy. Last PSA reading was negligible. He was approved at standard plus health class. Many other top insurance companies were a decline/postpone until more time passed or were table rated and very expensive.

Case Study 4: A 40-year old male, 6’00 220 lbs was seeking $1 million 20 year term policy. He is in good health. Due to his build most companies will offer him a Preferred health class. We found him a Preferred Plus health class with an A+ Superior rated company which saved was $50.87 month compared to the other quotes he received which were $64.88 month with AIG and $71.02 month with John Hancock and $86.73 month with New York Life. That is a substantial monthly savings and long term savings of over $8,600 compare to N.Y. Life for the same policy!

If you have any health concerns, travel or avocation underwriting questions let us do the work of finding you the best rate in the country. Please give us a call at: (888) 676-5429 or fill out the form below.

error: Content is protected !!