damadcrapper
Super Genius
- 157
Has anyone seen FE carriers reducing the maximum issue ages? How about being stricter on COPD?
FE Reduced Issue Ages
- Thread starter damadcrapper
- Start date
- 4,040
Well, I got this email from Gerber earlier today:
Gerber Life
Operations Announcement
COVID-19 UNDERWRITING UPDATE
Due to the outbreak of COVID–19, we are making a change to our underwriting procedures for our Gerber Life Whole Life policy.
For life insurance applications received as of April 3, 2020 and thereafter, the following underwriting guidelines will be implemented until further notice:
For applicants over age 60, any policy issued must be standard or better and the proposed insured must have no history of lung disease or heart disease and must not show signs of frailty. For applicants age 60 and under, applications will be processed as normal.
Please refer to our underwriting manuals on the Gerber Life Agent Portal for additional information and requirements.
For questions, please feel free to contact your General Agent or the Gerber Life Agency Support Team at 1.800.428.4947, Monday – Friday, from 8:30 a.m. to 6:00 p.m., EST.
Thank you for your understanding during these unusual and challenging times.
Sincerely,
Gerber Life Insurance Company
Gerber Life
Operations Announcement
COVID-19 UNDERWRITING UPDATE
Due to the outbreak of COVID–19, we are making a change to our underwriting procedures for our Gerber Life Whole Life policy.
For life insurance applications received as of April 3, 2020 and thereafter, the following underwriting guidelines will be implemented until further notice:
For applicants over age 60, any policy issued must be standard or better and the proposed insured must have no history of lung disease or heart disease and must not show signs of frailty. For applicants age 60 and under, applications will be processed as normal.
Please refer to our underwriting manuals on the Gerber Life Agent Portal for additional information and requirements.
For questions, please feel free to contact your General Agent or the Gerber Life Agency Support Team at 1.800.428.4947, Monday – Friday, from 8:30 a.m. to 6:00 p.m., EST.
Thank you for your understanding during these unusual and challenging times.
Sincerely,
Gerber Life Insurance Company
- 16,906
Sounds like that doesn’t apply to their GI plan which is mostly what agents write.
- 3,994
Who the crap is writing assurity for Final Expense
- 25,030
Assurity no longer has a SIWL.
- 25,030
Assurty does have a nice Par Whole Life though. That can be used.
- 3,994
Well guess it can’t currently?
- 25,030
I don't know why not. Just means don't send in money with the app. Or the TIA.
But yeah, unless the person is healthy Assurity is not the normal FE solution. It is a good one for a healthy person though.
But yeah, unless the person is healthy Assurity is not the normal FE solution. It is a good one for a healthy person though.
- 4,040
Right, but it means at least one carrier is thinking about it. If it’s just Gerber whole life, then it’s just a yawn. But didn’t I recently read about a carrier who’s postponing issue on anybody who tests positive for COVID-19?
In any case, I think change is in the wind, as much for economic reasons as for underwriting.
