Life insurance tip of the day - June 16

By Mortgage Protection and Insurance Services Inc.

Mortgage Protection & Insurance Services, Inc.


I advise my brokers to update their illustration software at the beginning of each month and before they do an illustration if it has been awhile since the have used their software. Changes occur rapidly in this business and it is not unusual to miss an occasional update notice. It's better to be safe than sorry and end up with either an unhappy client or an amendment. Make sure the premium you write on the application matches the modal premium due.

Also, be sure to mark all the riders on the application that you have quoted and confirm the gender, age, face amount, underwriting class and term. Taking the time to double check your applicatin before you submit it will save you alot of time in the long run.