Carriers use crediting criteria to improve your clients’ ratings. The following case study shows how the identification and application of underwriting credits can significantly reduce premiums.
Underwriting Rating: Using traditional criteria, this proposed insured would qualify for Standard Plus with a $1565 annual premium.
Crediting Criteria: Crediting Criteria added 1 inch to the proposed insured’s height, making him 5’9”, 208 lbs. He was then considered Preferred for build.
Final Decision: Case was moved to one class higher and issued Preferred – Annual premium = $1205 and saving more than 30%.
On each case we see, we work hard to identify any underwriting credits your client may qualify for. Contact our Underwriting Department today.
Excellence, Passion, Integrity, Collaboration and Creativity – our core values since 1974
The EPICC Center is the online source for financial professionals, designed to provide them with the essential elements they need to run their practice and increase their bottom line including breaking news, carrier / product information, market trends, sales ideas, marketing tools & resources and more.