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I've been doing a bit of internet research on various company's premium to income ratios... and perhaps how it directs their agents in how and when to present permanent life insurance.
I was quite surprised with the low ratios allowed by MassMutual without requiring further explanation by their underwriting department. Granted, it was a 2008 underwriting guide... but I doubt they changed much in the last few years.
Almost everybody else I've found... have FAR higher premium to income ratios allowed. I've attached Penn Mutual, Principal, Met Life / Brighthouse, Lincoln Financial Group, and Midland/NA.
This one is from American National:
I would be curious to see limits from New York Life, Northwestern Mutual, and others.
I was quite surprised with the low ratios allowed by MassMutual without requiring further explanation by their underwriting department. Granted, it was a 2008 underwriting guide... but I doubt they changed much in the last few years.
Almost everybody else I've found... have FAR higher premium to income ratios allowed. I've attached Penn Mutual, Principal, Met Life / Brighthouse, Lincoln Financial Group, and Midland/NA.
This one is from American National:
I would be curious to see limits from New York Life, Northwestern Mutual, and others.