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- #11
SFGiants650
New Member
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None of this matters until you have an offer of coverage by the insurance company. You've already been declined once, and this affects your medical records and other insurance companies will also notice.
Generally, companies may give more favorable underwriting decisions for permanent insurance than term. This is because of the growing cash reserves that helps to lower their risk.
Apply for something and get your coverage. What type... is secondary at this point.
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Btw, please tell me that you were quoted at least at a STANDARD underwriting class, right?
If you've been quoted anything "preferred" prior to a medical exam, then you should be prepared to pay more for the coverage you are considering.
Thanks for the feedback.
Yeah, I believe it is standard. I know for sure I would not be a preferred plus. I will keep my options opened, so I am not gonna put all my eggs in one basket. SBLI may be another choice in case I can't get coverage through NWM.
I have a medical exam next week so I'll know for sure what will happen. But wow, a lot of negative feedback from people about NWM. AIG and PAcific Life were gonna charge me much more, so to me, this is a bit more reasonable, assuming the price illustration has not changed.