Chinese Citizen & Resident Super Preferred
Key to Success: Carrier Selection / Underwriting Exception
Applicant Summary:
- M, 45, NT, Healthy, Chinese Citizen & Resident
- Need: $5,000,000 Keyperson Term Life Insurance
Advisor calls CPS Advantage for a Second Underwriting Opinion on a new client who needs $5M keyperson term life insurance. The insured, a Chinese citizen and resident, is a key distributor in China for a US manufacturer. The insured is traveling in the United States for the next 4 weeks, willing to do an insurance paramedical exam and labs while he is here. Can we obtain quality life insurance. Yes!
Advisor’s Primary Insurer
- Unable to offer coverage to Chinese citizens residing in China
Top Rated Alternate Insurer
- Offer: Super preferred non-tobacco
- Insurer: Top rated brand name insurer with Comdex 95
- Annual Premium: $4,985 for guaranteed 20 year level term
