A new way of underwriting insurance policies is now available for the first time ever in the industry. MetLife’s innovative new rapid eUnderwriting process enables consumers aged 18-40 to purchase up to $500,000 of term life insurance quickly and without the intrusive paramed exams or lab work that insurance usually requires. Through this streamlined process, qualifying individuals will simply complete a detailed interview and the answers they provide will be automatically analyzed to provide a decision on their health rating and eligibility. Thanks to new system enhancements that allow for even faster decisions, your policy could be approved in as little as two days after completing the tele-interview and, each policy is fully convertible at any time to a permanent policy backed by the company’s solid financial strength.
e-Underwriting came to be because of dynamic changes in the buying habits of today’s consumer. Insurance used to be sold based on a relationship, through a series of face to face meetings. Today’s internet environment has changed everything in the way consumers buy. The life insurance applicant now prefers to do his or her own research, very often online, and to conduct a quick sale when meeting in person rather than relying on the information they will receive from an agent.
The problem is, life insurance is more sophisticated than an electronic device you may find on ebay and requires more information about you than your credit card. Consequently, people often find incomplete and confusing information through their own research. This leads them to abandon the process and ‘confirms’ for them their initial belief that ‘Life insurance is a hassle that’s just not worth it’.
Although you may be able to price an mp3 player, your favorite book, and a Panasonic mixer through Google shopping, pricing for life insurance until now, has required blood and fluid samples, a lot of personal information and that you wait for the company to issue a response.
This proprietary process literally eliminates all of that frustration and time. Policies can now be issued in a matter of days rather than weeks, requiring only one face to face meeting and the rest of the process is just as easy as picking up the phone.
Who is a Candidate for eUnderwriting?
eUnderwriting is perfect for younger busy consumers that are early in their financial lives. These individuals may have significant debts such as a mortgage, school loans and car payments. Often these liabilities are combined with less of a savings to fall back on in the event of tragedy. While this is of particular importance for young families dependent on dual income, the same protection is needed for more established families where only one spouse works as well. Even stay-at-home moms should have life insurance, in order to protect the value of the services it would require to replace what they do for their families each day. Raising children, maintaining a home, preparing meals and so on are all services that would have to be paid for in the unfortunate event of a mother’s passing. When you combine the hourly rate for the services the typical mother provides, you are easily looking at no less than $30,000 to $40,000 of annual expenses. While stay-at-home parents may not bring home a traditional paycheck, the value of their responsibilities quickly adds up. With the options to obtain significant protection with minimal effort, eUnderwriting has fast become the solution for many of today’s life insurance applicants.
For more information regarding e-Underwriting or all other life insurance solutions, call Moshe Lipschitz 732-886-3970 or S. Aryeh Retter 732-886-3980.
will this cost more bc of no medical, like group term does?
to number 1.
Group actually cost less because less people claim on it
To #2. Group term is actually more expensive because the best rate available is standard. I called Mr. Lipschitz and he told me that under this program one can qualify for preferred “based on information provided in the application”. So in essence, this is cheaper then group term coverage and has the benefit of any individual policy like option of converting it to a whole life or universal and the rates are guaranteed for the remainder of the term, like 10, 15n and 20 years. This is awesome
I have never heard of group term being available for $500,000 of coverage. This is truly a breakthrough.
moshe is a super mentch ! may you have much hatzlochoa in all that u do.Thanks for always being there for all our questions .
Don`t know him so well to call him a mentch but he`s a big Baal Chessed!
it sounds good but 500,000 is not enough coverage for any growing family
Wow! Aryeh retter is the best he is such a mentch he knows what he is doing.. He should have a lot of hatzlocha!
This is amazing. Go Aryeh!
Can smokers get this life insurance?
What is the estimated cost?
Cost varies with age and rating (rating is determined by information that the applicant provides in the application).
Smokers qualify as well.
$500,000 is not necessarily the appropriate amount for most people, but for all the people that have nothing, this is better then nothing. And for people that do have coverage already and want or need to increase it, this is a great option.
Hey, and if you want more, I’m sure they can get you more coverage with the traditional underwriting process.
can I also use your site to advertise my store with an article
Aryeh, happy to see your innovative skills at work again, when you wrote my policy around 2 yrs ago I saw this all in the making.
Your integrity shines out above all. Much continued hatzlocha!!!!!!
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