This is often a great way to start the process of applying for life insurance.   We use this with our clients on a regular basis and it is a great way to avoid wasting time blindly.

For example, if a client has type 2 diabetes, I need to fill out a questionaire for this to give to our underwriting consultant.    Once our underwriting consultant receives this information, then he can help us determine the carrier that would probably underwrite the case the most favorably with the best possible rate.  Since we are an independent broker, we can shop it across all the main players in the life insurance market, to ensure that we are getting our clients the best estimate.  Of course, everything is subject to actual underwriting.  With a little preliminary checking we have a much better chance of pinpointing everything better.

Another reason to do a preliminary questionaire is the client doesn’t want to get declined.   If we look at it from the information we can gather, we can rule out applicants who will probably be declined.   Since we are getting feedback from all the carriers, we also know who would probably not decline them as well.   Once we get the initial information to the carriers and get feedback, we can do a formal application to the identified best carrier.   Obviously, if there are no major health issues a preliminary evaluation is not necessary and you can go right to the application.

If you have questions on your condition(s), please don’t hesitate to call me at (800) 554-5142 and ask for Vince.