Stephen is a sixty year old veterinarian and owns his own wholesale pet product business. Stephen is married and resides in sunny Florida. He is a non-smoker and has Type II Diabetes, which he has managed well with medication for the past seven years. Stephen was interested in a twenty- year term life insurance policy with a face value of $2 million dollars.
We spoke to our underwriters and began the process of collecting medical information from his doctor.The most recent scan he had showed abnormal liver functions and his kidneys were failing. We continued the conversation with Stephen, and his feedback assured us it was a mis-statement. His doctor had put him on a different medication that gave a false read during testing. We contacted his doctor who ordered new blood work, and results showed he was in good health and all organs were functioning normally. We began shopping around for the carriers that best suited Stephen’s needs. Working in collaboration with our underwriters, we looked into three carriers: Protective, American General, and Principal. Protective declined due to medical reasons. American General would approve at a Table 3 risk class, subject to application and underwriting. Principal would approve at a Standard risk class, subject to application, underwriting, and a written statement from Stephen’s doctor confirming that he had healthy, functioning kidneys. Since Principal came back with the best quote, we recommended that Stephen pursue this avenue for insurance.
We completed the application, went through the underwriting process, and received a letter from Stephen’s doctor giving his kidneys a clean bill of health. Stephen was happy to accept the coverage of $2 million, twenty year term life insurance through Principal for $1,466 monthly premium as quoted.
We care about our clients, and will leave no stone unturned to get them the most cost-effective coverage we can.
Retired Executive Life 