This case presented with a Male, age 35 Non-Smoking (NS) looking for $1MM term policy.
What were the challenges?
The client’s occupation is as an underground miner in Montana.
What was the First American solution?
Any mining occupation can be subject to a flat extra premium for the life of the policy/ occupation.
What was the outcome?
We sent out a quick quote to our major 14 carriers. Every carrier came back with a flat extra ranging from $2.00-$3.00 per thousand. One carrier, Lincoln Financial, was able to assess the policy without any flat extra and he could qualify for preferred NT.