If you were an underwriter and received the following application on your desk, what questions would you have?:
You’d be scratching your head wondering – why is this woman retired at such a young age, and why is she looking for $8 million of coverage?
What the broker forgot was a good cover letter explaining the purpose of the coverage. This client just inherited a very large estate and recently quit her job. Estate taxes were a concern – based on the inheritance, the $8 mil applied for was justified.
We’re here to help. We’re here to provide our expertise when it comes to writing good cover letters – we can even help write them for you.
We’ll help explain the purpose of your application to our carrier underwriters. That said, the most important source of information about a proposed insured is you – we’ll need your help to prove your applications are financially justified.
Give our Underwriting Team the opportunity to help you move your applications smoothly through underwriting. If we answer our underwriters questions before they ask, who knows? We could see quicker approvals, which gets you paid faster – and we all move on to your next big app waiting to happen.