I’m Trudy Lum, a SelectQuote licensed agent. A soldier recently called me and asked if there was any way we could get him through the application process and approved for a Term Life Insurance policy before he was to be deployed to Iraq in two weeks.
I knew most Life Insurance companies would be reluctant to provide coverage for a soldier about to be stationed in Iraq for a year or more.
But through my extensive experience dealing with the underwriters at the Term Life Insurance companies that SelectQuote represents, I thought one company might write the policy — and at a competitive price. However, the short time frame could make it impossible.
I contacted the Life Insurance underwriter immediately and got an OK to streamline the process.
I started the application on January 17, 2008 and ordered the medical exam for January 21, 2008. The application and exam were completed on the 21st and forwarded to the Life Insurance Company.
On January 21st, the soldier’s application for a $600,000 30 year policy, best rate class, was approved as applied! The next day he received it and it went inforce.
While this is a very unique circumstance and might not happen again, it indicates the compassion SelectQuote and a very special Life Insurance company have to “go to bat” for our clients.
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