What carriers will change a smoker rate to non smoker if insured goes 12 months smokefree?
- Thread starter BobbyR
- Start date
- 129
can't you just go back and rewrite them with a different company if they quit smoking for 12 mos. or is that churning?
Might be his only option to try this as there is no way to prove it with FE products. On fully underwritten, you can take a new blood test.
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Trans is very difficult. Requires minimum 2-years after the original app. And then they will decide.
RNA was pretty easy for one I did.
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My wife is waiting for the paperwork to do one of these with Americo. I was surprised to find out that they are allowing her to actually lower the Face Amount and change to Non Tobacco.
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Sure that would work- The current company will term you for cause
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Not specific to FE but I have had companies just require anything from a note, a form or a urine test. Some at insureds cost. Some do not change to smoker. Some underwrite for other issues. So a client could now be a non smoker but had cancer recently and the company will not approve the change to non smoker.
That and what a company allows today does not mean they will allow it tomorrow.
- 179
I'm thinking it would just simplify things greatly to write another company.
I'm sure we've all told this to people who smoke, and say that they are going to quit. in a year we can just re-underwrite you....but how many of these people actually quit. let's be honest.
I'm sure we've all told this to people who smoke, and say that they are going to quit. in a year we can just re-underwrite you....but how many of these people actually quit. let's be honest.
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You're gonna have to submit a replacement- and if the carrier finds out you replaced their business they'll terminate you...
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