Melanoma, underwrite skin cancer?

[goillini52]

No he said less than 2-years.

After one year some fully underwritten companies will consider melanoma. It will be tabled but still likely better than GI. Plus 1st day coverage.

"with the most recent being January 2016."

Better put those glasses on.

 

[Newby]

"with the most recent being January 2016." Better put those glasses on.

Missed that. I'm too young to need glasses.

Might need my cataracts removed though.

 

[AllenChicago]

I called a couple of the life ins companies today who have extremely loose underwriting. If the cancer was within a year, the applicant would be turned down.

Well... G.I. it is, as GoIllini52 initially suggested. Now, I'll need to pick the company that goes from only Return of Premium, to 100% death benefit the fastest.

Invasive Melanoma must be a very dangerous disease. Maybe those scary statistics ("1 out of 4 will get...") that Critical Illness companies like us to use are not an exaggeration.

 

[Newby]

I called a couple of the life ins companies today who have extremely loose underwriting. If the cancer was within a year, the applicant would be turned down. Well... G.I. it is, as GoIllini52 initially suggested. Now, I'll need to pick the company that goes from only Return of Premium, to 100% death benefit the fastest. Invasive Melanoma must be a very dangerous disease. Maybe those scary statistics ("1 out of 4 will get...") that Critical Illness companies like us to use are not an exaggeration.

Invasive melanoma is definitely a VERY dangerous disease. Once it spreads you have less than 40% chance of living 5-years.

 

[goillini52]

I called a couple of the life ins companies today who have extremely loose underwriting. If the cancer was within a year, the applicant would be turned down.

Well... G.I. it is, as GoIllini52 initially suggested. Now, I'll need to pick the company that goes from only Return of Premium, to 100% death benefit the fastest.

Invasive Melanoma must be a very dangerous disease. Maybe those scary statistics ("1 out of 4 will get...") that Critical Illness companies like us to use are not an exaggeration.

They're all 2 years to get to 100% benefit(accident only in the 1st 2 years), although I think there's one that's 3 years.

 

[sirherbie]

I take it your in Illinois ?If no present cancer and no hospitalization last 30 days Snl and incredible $86 for $25k . Grange also cheap at $106. Can also write Ngl at $150 and Columbian with a 3 yr wait for $152. With all those Gis you can throw near $200 k together . Throw in moo, met life and a few others from online only and he could stack near $300k

 

[Newby]

I take it your in Illinois ?If no present cancer and no hospitalization last 30 days Snl and incredible $86 for $25k . Grange also cheap at $106. Can also write Ngl at $150 and Columbian with a 3 yr wait for $152. With all those Gis you can throw near $200 k together . Throw in moo, met life and a few others from online only and he could stack near $300k

Plus he could toss in around around a bunch of PreNeed insurance companies that would issue from $25,000 to $50,000 each with only a 12- month wait on the 70% coverage.

I've had one guy ever that bought every single GI plan he could find on his wife with cancer. He was throwing out huge premiums. She ended up living 3-years.

Fortunately for the insurance companies it goes against most people's nature to load up on GI when someone is already terminal.

 

[sirherbie]

When somebody mentions a persons terminal everyone on the board says "send him to preneed". If only terminal people went to preneed it wouldn't work. If only terminal people bought Gi it wouldn't work . That's why cos like moo don't use agents. I run into so many people who buy moo or colonial penn that could have gotten level . They need suckers to buy it. When you think about it snls product is ingenious . They're near the same price as Gerber on no smoker and 40% more on smoker. They get to access each risk with an rx check before accepting . If they don't like the risk they can deny a "Gi " priced Rop.Same with Gerber . With low comp,no renewals and a stiff 2 yr chargeback it discourages the agent from writing sick people . That's how premiums stay low

 

[Newby]

When somebody mentions a persons terminal everyone on the board says "send him to preneed". If only terminal people went to preneed it wouldn't work. If only terminal people bought Gi it wouldn't work . That's why cos like moo don't use agents. I run into so many people who buy moo or colonial penn that could have gotten level . They need suckers to buy it. When you think about it snls product is ingenious . They're near the same price as Gerber on no smoker and 40% more on smoker. They get to access each risk with an rx check before accepting . If they don't like the risk they can deny a "Gi " priced Rop.Same with Gerber . With low comp,no renewals and a stiff 2 yr chargeback it discourages the agent from writing sick people . That's how premiums stay low

I wouldn't want to be an investor in Gerber's book. Vantis took the first hit. I think a few years from now we will look back on these Gerber GI days as the good old days as far as GI is concerned.