There are many people who have been lead to believe that they can not get life coverage or need to pay extra premiums due to:current or past health condition ,foreign travel, sports activities or past lifestyle choices .
Recently we were introduced to a professional client who was lead to believe that he can not obtain coverage due to Chrons's disease. We completed multiple applications and secured coverage on a standard basis without extra premiums . We also secured life insurance coverage for an individual who had cancer 6 years prior and were successful to have a 1 million life insurance policy issued without a rating. We were successful issuing a 1 million dollar policy for a client who needed the coverage to secure a 10 million loan from one of the banks and we did so by applying to 12 insurers .
A number of our clients travel to places like Israel , India and other less then desirable countries for insurers who are asked to issue a policy on a Canadian resident . We have a superior working relationship with insurers and this enabled our clients to obtain life products without exclusions or rating.
One of our corporate clients had just bought a racing car which he was going to race on weekends . We were able to secure coverage with two options : 5 dollar per thousand rating or standard premiums without coverage when he is on a race track.
Over the last 26 years in the business , recreational drugs and insurance underwriting has been a reality that we have had to learn to work with . While certain drugs are an automatic decline for coverage ,with full disclosure and building a case for the insurance underwriter we have been able to secure coverage for people that would never be accepted otherwise .
Even though we have senior underwriters work on our files , the decision to accept or not accept the risk has been one where we are never absolutely certain which insurer will win the clients business . Writing multiple applications on clients is very time consuming and some insurers "REFUSE" to take a application on a client who has applied elsewhere .
I opened up my company over 20 years a go to give my clients better value by being a independent producer representing a number of companies. There are still individuals out there that chose to represent one insurer and will look at another when they "feel "that they "have to" . Do yourself a favor , complete an Insurance Audit with an independent adviser to confirm that in fact your coverage is what you think it is and that it meets your needs .
