It’s a WE thing
This case started way back in September. Of Two Thousand Eighteen. Gas was $2 a gallon. Pet Rocks were all the rage. And Gena Wallis of Wallis Employee Benefits in Palo Alto—who is an absolute ROCK STAR—requested a quote for some Key Man coverage to support a “recently completed Series B funding round”. We love these cases—the buyer is motivated, […]
NOAH Scuba Diver?
So my buddy Monty just got approved at Standard Plus Nonsmoker with Prudential. He’s buying $500k of 10yr term. He’s 52. The premium is less than a hundred bucks a month. Gauging all the work I put in, I guess I’m basically breaking even on the deal. So why am I SO EXCITED I CAN […]
In honor of Breast Cancer Awareness Month
In honor of Breast Cancer Awareness Month, H.D. Mooers brings you what just might be our favorite case. Ever. A young (24), single female student—we’ll call her Amanda– applied for some life insurance. We weren’t sure why, frankly.
We Treat You Life Family
We Treat You Like Family (in a good way, I mean). Because sometimes, you are. Got this one approved the other day, which is nice, seeing as how the application was signed in March. First, it was declined for financial justification, but we got creative and worked through that. The underwriter asked for a missing […]
Our Favorite Case of the Year
This one was downright FUN. Chris is an extremely healthy and successful Silicon Valley executive. His Start Up company is poised to change his industry forever—it just hasn’t happened yet. The company wanted a $6M Key Man policy.A brief history of some of the hurdles we overcame: He likes to do “poker runs”, where he and his […]
Diabetes
When it comes to underwriting diabetics, it’s ALL about CONTROL. There are many contributing factors, but control is the most important, by a long shot. And that control is measured by the “A1C”. Think of it this way—an average glucose reading is like a snapshot—a GIF, I guess—while the A1C is more of a video. […]
The Same But Different
Ann and Mark are brother and sister. Here’s how they’re alike: They both live in Tahoe. I am jealous of this. Their dad bought them both Whole Life Policies. In 1973. Premiums on these policies were either paid, or they weren’t. Today, each policy has about $300k of benefit, with about $130k in Cash Value. Here’s […]
A Stroke of Genius
We just buttoned up a case on 5 business partners as part of a Key Person, Buy Sell deal. We knew the health of the primary contact, and quoted Table 2 rates. We ran Preferred rates on the other 4. 4 lives were approved pretty quickly: 1 at Preferred, as expected. 2 at Best Class, so we’re […]
Getting to the Tooth
Underwriters don’t love dentists. Now I’m not here to judge. But underwriters, well, that’s kind of their job. They declined this dentist due to depression, and due to her height and weight. She’s 5’2″, and weighs 92 pounds. So we went through the file. “Major depression, chronic.” Uh oh. So we went through the file […]
And ‘poof’ it was gone!
William converted a $2M policy last year, and the premium was around $40k. Then his agent died. After Joe died, we offered to help his clients. We do this selfishly, I guess-helping people makes us feel good. So William called us. He’d received another bill for $40k, and he didn’t really want to pay it very much. So we […]