You'll just need to see what Principal's final offer is. Maybe Ohio National is rating you "standard" or "substandard", while the application to Principal went in as "preferred".īut having an application submitted as "preferred" is no guarantee that it will be issued that way. With the wide disparity in premiums, it definitely sounds like those companies are putting you in different risk classes. We shall see if the price increases after underwriting it could very well increase I have decent health but some family history.ġ) Any experience with Principal Financial Group?Ģ) Is the quote with Ohio National at $1,400 reasonable?īoth Principal and Ohio National are solid companies. Their quote was very low, about $600 per year instead of Ohio's $1,400 above. I thought I'd give a try and went through the process and am awaiting what the final quote is (after I went through my health phone interview) so it's now with underwriting with Principal Financial Group. Recently I worked with my same broker to quote to a new term policy with Ohio National and the quote received is: age 40, $1M policy, 20 years cost $1,400 annually.) I was 33, $700K policy, 20 years cost $700 annually. Years ago I got a term life insurance policy via (which connected me to a broker) ended with Ohio National.
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