So I’ve had feelers put out to me about possibly having input on a custom term policy developed by an insurer. My suggestions will be related to ‘value’ for policyowners rather than strictly price. Any thoughts on options/changes/additions to a term policy that will provide value to consumers without being overly impactful on premiums?
My initial thoughts are:
- Small amount of Accidental Death.
- Small amount of coverage for all children 21 days -18 years (like say $3K).
- Best Doctors or some variant (Best Doctors provides a professional level database of medical .conditions and treatment, as well as offering professional second opinions on treatments).
- Free templated will kits.
I’d love to hear what other’s thoughts and experiences are.