A Term Policy Is Not A Pork Belly!

Shutterstock_2626505713
In 1848 the Chicago Board of Trade opened for business providing a public forum in which to negotiate“forward” contracts for products that were interchangeable with other goods of the same type based on price rather than branding. Known as commodities, the CBOT’s trading platforms were initially dedicated to agricultural products like sugar, corn, and soybeans.
 
In today’s term insurance marketplace spread-sheet availability tends to reduce the transaction to a simple commodity sale.
 
Product choice is determined by the least expensive offer that appears at the top of the list, regardless of whether it is a well-known carrier, or Texas Life & Limb!
 
We can help you make a better choice for your client based on several important factors in addition to the amount of premium:
  • Carrier medical requirements – We will find the insurer with the least burdensome underwriting and placement criteria!
  • Final medical offer – Based on our experience, we will direct you to the carrier most likely to give you the best rating, especially when a condition is known to exist!
  • Coverage availability – Insurable interest requirements and financial underwriting guidelines can vary greater from one carrier to the next. We will make sure you get the most coverage available!
  • Policy issue time – We know what carriers are having processing problems and can direct you to the best insurer for quicker placement, especially when time is of the essence!
  • Carrier internal support – Cases often go side-ways a bit. The quickest solutions come with internal assistance from the carrier team serving us. We know who has the most responsive contacts!
  • Conversion privileges – A decline in health always raises the question of exchanging term coverage for permanent insurance. We will help you choose the term policy with the best options for a conversion down the road!

Contact Tom Virkler, JD – Director of Advanced Markets, at tom@cpsadvancedmarkets.com or 706-614-3796 to go over your next spreadsheet and find the best all-around coverage for your client.