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Annuity Carriers We serve independent agents nationwide with dependable service and a complete line of core, voluntary and individual products. We offer annuity products from the carriers, please contact us for product information and contracting.

...andard Commercial, Life, Health, Variable Life/Annuities, and Benefits leads. We do not bu...

...ties and Exchange Commission and variable life and variable annuity products, but only if such f...

Life Insurance The policy could be a term policy, whole life (or a variation of whole life such as 20 year payment life, or life paid up at 65), endowment, universal life, or some other type. The type of policy will determine many other aspects of the policy, such as whether it has cash or loan values, the length of time you are scheduled to pay premiums, etc. Permanent Life Insurance Permanent life insurance is a form of life insurance where the policy is guaranteed for the life of the insured (assuming the policy is kept current and the premiums are paid). The four basic types of permanent insurance are whole life, universal life, limited pay and endowment. Whole life insurance offers a level premium and a guarantee by the insurance company that the policy will earn cash value. Often referred to as permanent insurance, the death benefit guarantee for a whole life policy can be anywhere from age 100 to age 121. Once a policy has been issued both the death benefit and premiums remain the same and typically cannot be changed or altered. Universal life insurance is another type of insurance product intended to provide permanent insurance coverage only with greater flexibility. A universal life insurance policy also earns cash value and since both the premium and death benefit are flexible the amount you pay can increase the cash values.

What is an Impaired Risk? When you paint it with a broad brush it is all about any life insurance applicant that doesn’t necessarily meet all of the criteria for preferred plus rates, which is the best rate class available. Even more specifically The Stamm Agency defines impaired risk as any health risk that ends up with a less than satisfactory approval or a decline from a cookie cutter type agency. Impaired Risk Life Insurance underwriting is about weighing the risks, which boils down to mortality risk. At The Stamm Agency we take it into our hands and take the time to study other companies. Understanding the philosophy of clinical underwriting is what you will find at the heart of good underwriting decisions when it comes to Impaired Risk. What is clinical underwriting? Clinical underwriting is the ability to sit down, look at an applicant and study their track record. For example: Let's look at a patient with type 1 diabeties. Have they been compliant with their treatment? Have they been able to take control of their diabeties and avoid the collateral health issues that come along with their illness? To put it simply, we look at the patient as an individual, not as a group. At The Stamm Agency we don't just have underwriters flipping through an underwriting guide on Impaired Risk Life Insurance. That takes all the guesswork and fairness out of the process. Our underwriters don't simply turn to type 1 diabetes in a handbook and see that the company stance is to decline them. If your client has a health condition and takes great care of themselves most companies will toss them into the same bucket as everyone else with the same condition. This does nothing to help an individual that is doing everything they can in taking care of themselves. If you are looking to help a client that you know would be a good candidate for Impaired Risk Life Insurance and want them to be treated as an individual give The Stamm Agency a try. Our underwriters will listen and fight for you. Thank you.