Your top 2- instant decision//voice signature application carriers?

[SpruceBruce]

Hello agents, tell who are your favorites here and why....

 

[noah]

Hello agents, tell who are your favorites here and why....

Liberty Bankers
Royal Neighbors

 

[DonP]

What’s LBl’s nitch ? They take heavy pain meds , heavy heart meds ?There E-App exact same as rna? Do you do the verification at end so they don’t get called ?

 

[SpruceBruce]

yes, in my experience both will give an instant decision either on over the phone apps and the online app. Both have a smooth phone app process with dedicated specialist from each company. Though Royal Neighbors is clearly easier in the underwriting area. I've written several cases recently that were declined with Ascendo and Liberty Bankers that got through Royal Neighbors immediate coverage just fine. Having the instant decisions really is big deal.

 

[DonP]

As I’ve said 10 times rna the king in underwriting now . Essential to have in your bag

 

[noah]

LBL gives the decision much faster than RNA. RNA makes everyone do all the disclosures and banking info prior to decision which sucks if they don’t qualify. LBl is cheaper.No real UW niche. Owner,payor can be different, voice signature only for replacements.
18-80

With RNA,that’s a paper app and they randomly call your client 3-5 days after submission.
7k minimum face. What if they only want 3-5k?
RNA better UW but a tad more expensive. If replacing they need the wet signature.
50-80

Both very nice but LBL easier,better if you can meet UW.

 

[SpruceBruce]

I agree! Royal Neighbors is essential IMO. They will take neuropathy and don't even ask about complications of diabetes. Their lookback period for most things is very fair, and they don't nit pick and decline because of a med or two unless is is for dementia or a declinable condition that the drug is prescribed for and not a dual use med. If only they would accept COPD... I've been using Trans standard for that, any other suggestions for COPD?

 

[SpruceBruce]

Well Said Noah! Those are great points.

 

[DonP]

LBL gives the decision much faster than RNA. RNA makes everyone do all the disclosures and banking info prior to decision which sucks if they don’t qualify. LBl is cheaper.No real UW niche. Owner,payor can be different, voice signature only for replacements.
18-80

With RNA,that’s a paper app and they randomly call your client 3-5 days after submission.
7k minimum face. What if they only want 3-5k?
RNA better UW but a tad more expensive. If replacing they need the wet signature.
50-80

Both very nice but LBL easier,better if you can meet UW.

Noah I think your confusing things . Rna gives decision before any banking on face to face E-App. If rna declines you don’t fill out the banking or beneficiary on the eapp . The interviews over

 

[noah]

Trans standard T is very expensive especially M T.
I recommend the Trans if health isn’t very good.
But,I give them the choice of Moo Graded which they can get almost double for the same $ .
I explain clearly the 2 year wait.
Leave it up to them.