Throwaway account here given semi-personal info. Wife and I applied for term plans with one of the big underwriters through PolicyGenius.
We're in our mid-30s, don't smoke or drink (truly), don't have major outstanding medical conditions or unusual family medical history, and don't participate in any risky sports or activities. Basically, we assumed we'd be the cheapest to insure.
We were quoted ~$50/mo for a $1m 30yr term plan, each, after going through their onboarding flow. Told by the agent and our financial planner we'd be in the healthiest class assuming nothing turned up in our medical records or exam.
After our exam and almost two months waiting, the underwriter came back and quoted us at ~$150/mo for the same plan because we were in a "lower health class," ie 3 times what I was originally quoted. They claimed it was because of irregularities that showed up in our medical records and exam. I can give details but they're all minor (e.g., they claim my wife has low BMI).
PolicyGenius kind of shrugged their shoulders and said we could shop around with other underwriters, but didn't give us any other options. Am I missing something here? Did we get duped by PG or is this normal? Feels like a bait-and-switch.
We're in our mid-30s, don't smoke or drink (truly), don't have major outstanding medical conditions or unusual family medical history, and don't participate in any risky sports or activities. Basically, we assumed we'd be the cheapest to insure.
We were quoted ~$50/mo for a $1m 30yr term plan, each, after going through their onboarding flow. Told by the agent and our financial planner we'd be in the healthiest class assuming nothing turned up in our medical records or exam.
After our exam and almost two months waiting, the underwriter came back and quoted us at ~$150/mo for the same plan because we were in a "lower health class," ie 3 times what I was originally quoted. They claimed it was because of irregularities that showed up in our medical records and exam. I can give details but they're all minor (e.g., they claim my wife has low BMI).
PolicyGenius kind of shrugged their shoulders and said we could shop around with other underwriters, but didn't give us any other options. Am I missing something here? Did we get duped by PG or is this normal? Feels like a bait-and-switch.