I always here how hard it is to qualify for ltd, is boe similar?
BOE is It Underwritten Like Normal Di?
- Thread starter Justin Bilyj
- Start date
They are both underwritten similarly from a medical point, but the financials are considered a bit differently.
The idea that DI is hard to underwrite is a relative issue. life underwriting is designed to answer whether the applicant will or will not live to life expectancy - pretty straight forward.
DI is not so black and white. You die once, either earlier, later, or about when the stats say you should. You might experience a disability several times with varying recovery periods.
The idea that DI is hard to underwrite is a relative issue. life underwriting is designed to answer whether the applicant will or will not live to life expectancy - pretty straight forward.
DI is not so black and white. You die once, either earlier, later, or about when the stats say you should. You might experience a disability several times with varying recovery periods.
David Block
Expert
As Larry said, the medical qualification for all disability insurance is the same. However, when it comes to the financial end it is different. For BOE, you need to have a profitable business, an office away from the home, and have business expenses (but not salary for your family). You will have to submit business financials as opposed to tax returns.
I urge you to speak with a qualified GA that can help you write these most needed cases. Disability is severely undersold and though more difficult to underwrite (it takes up to six weeks), it stays on the books forever.
I urge you to speak with a qualified GA that can help you write these most needed cases. Disability is severely undersold and though more difficult to underwrite (it takes up to six weeks), it stays on the books forever.
