Help Us Help You: The Art Of The Cover Letter
The best way to present a good picture of your case and help avoid delays or even a possible decline is by submitting a cover letter with the case.
It doesn’t have to be Pulitzer Prize-worthy, just a clear and concise explanation.
Don’t necessarily count on the brief information requested on the app to paint the full picture for an underwriter.
Expand on the following in a cover letter:
- Restatement and/or fuller explanation of the purpose of the coverage
- Method of the determination of the face amount
- The relationship(s) among the owner, insured, beneficiaries and premium payer
- Full description of applied for and inforce coverage on other family members (if for personal purposes) or other key people (if for business purposes)
- Available documentation if needed – e.g. trusts, financial information, business agreements
- Any other information concerning circumstances that might raise questions with the underwriter (e.g. where the amount of insurance is more than the standard financial guidelines)
Playwright George Bernard Shaw said, “The single biggest problem in communication is the illusion that it has taken place.”
The Apostle Paul said, “A letter covers a multitude of sins!”
Don’t rely on the illusion of clarity that often hovers over an application as it is passed around the circle. We have several on board who fancy themselves literary and will help draft and submit the cover letter you need. Call and ask!