Underwriting Advocacy for Trustees & Private Clients
We can get you the best insurance for the best price, based on your needs. We do this through our underwriting advocacy. In the context of life insurance underwriting, “advocacy” means working on your behalf to:
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- Negotiate with carriers to get you the best offers.
- Avoid unnecessary tests or gathering of medical records.
- Match you to the correct underwriting pathway for your needs and risk profile.
You’re unique. Your underwriting should be, too.
Life insurance underwriting includes an examination of your health, work, what you do for fun, and your financial profile by an insurance company to assign a “risk class” for your policy. The risk class directly impacts the required premium for your coverage. A more favorable risk class will result in a lower required premium. Carriers price risk differently, and offers may vary widely across carriers. We strive to direct you to a carrier best suited for your specific situation.
Because we have our own underwriters, we are able to work with carriers to get you customized proposals from them that may meet your needs. Alternatively, it may be to your advantage to explore and evaluate multiple offers before committing to one or more carriers, and we can help you do that. We can also evaluate how proposed policies from other insurance companies may or may not help you meet your needs and goals.
To learn more about how our underwriting advocacy services work and to understand how they could be helpful to you, read Chapter 8 of the book, Life Insurance 10X, the chapter written by our CEO and Founder, John Williams, below:
Download a copy of the “Life Insurance 10X” chapter John authored by clicking the button below.
Below are just a few of the underwriting-related problems we’ve been able to solve for clients. Click the silver bar for each problem to learn more about how we can solve them.
Complex and Lengthy Underwriting Process
The underwriting process can be complex, time-consuming, and difficult to navigate. Our advocacy services can streamline this process, manage the paperwork, and communicate with underwriters on your behalf, ensuring a more efficient and less stressful experience.
High Probability of Policy Denials or Substandard Ratings
Individuals may face denials or receive substandard ratings due to health issues or other risk factors. Our advocacy can help present your case more favorably by providing detailed medical information, negotiating with underwriters, and leveraging industry relationships to secure better policy terms.
Lack of Transparency and Understanding
The underwriting process can often be opaque, leaving clients unsure about why decisions are made. Our services can offer clarity, transparency and personalized support by helping you to better understand the process, the criteria used, and the reasons behind underwriters’ decisions, empowering you with knowledge.
Unfavorable Policy Terms and Conditions
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Applicants might receive policy offers with unfavorable terms, such as high premiums or limited coverage. Our advocacy can negotiate more favorable terms by highlighting your strengths, addressing concerns raised by underwriters, and comparing offers to find the best available options. |
Privacy and Confidentiality Concerns
High net worth individuals and families often have heightened concerns about privacy and the confidentiality of their personal information. Our advocacy ensures that sensitive information is handled with the utmost discretion, providing you with peace of mind that your privacy is protected throughout the underwriting process.
If you’re interested in working with us, you may call and text us at (781) 237-0123, or scroll down a little and schedule an introductory appointment with a financial advisor by clicking on a date that works for you on the calendar.