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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.

Case Study:

• Male, age 35, NS
• Seeking $2 mil of term

Scenario:

• No tobacco use
• Build is 5’8”, 204 lbs
• Blood pressure 130/85
• Cholesterol 273 with cholesterol/HDL ratio of 5.5
• Father diagnosed with prostate cancer at age 56, but still living at age 67

Underwriting Rating: Using traditional criteria, this proposed insured would qualify for Standard Plus with a $2500 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 = $1753 and saving nearly 30%.

On each case we see, we work hard to identify any underwriting credits your client may qualify for.  Contact our Underwriting Department today.