Any time you find a system or product or concept that can save cases for you – you should commit it to memory! This is one of those situations.
United of Omaha offers “FIT” credits on both their UL and their term products! There are other companies that will offer a ‘table shave’ program for UL products but I believe that UOO is the only one that offers an option for term plans. While UOO goes to a lot of trouble to say that this is not a ‘table shave’ program, the end result is hard to tell from an actual table shave program.
HERE IS HOW IT WORKS
If you have a client that we know will be rated up to a table 4, this option can help them! Basically – after the underwriting has been done, UOO will use the lifestyle credits to credit down the extra rating. There are both medical credits and lifestyle credits that can be applied. If the client has 3 of these credits it will improve the rate ONE table. If they have 5 of the credits – it will improve the rate TWO tables. The benefit is available between ages 18 and 75 and in face amounts of $250,000 to $2,000,000.
FILL IT OUT – SEND IT WITH THE APP!
The FIT form is simple and easy to complete AND it does not require the client’s signature. When you take the app, complete the form and send it with the application – every time. It is good information to give to an underwriter. If the underwriter has the information and there is a judgment call – this information could tip the scale in your favor!
TABLE 2 TO STANDARD!
This is the help you will need when you get your next case with a minor rating. Call today and we will send you the FIT form and assist with illustrations and questions!
DON BOOZER & ASSOCIATES