Not Your Average Financial Podcast™

Episode 255: Post-COVID Underwriting Secrets with Ryan Nemcek

Listen Later

In this episode, we ask:

  • What is the truth about the last few years?
  • Would you like to learn about underwriting?
  • Who is Ryan Nemcek?
  • What happened at Ryan’s wedding?
  • How did Ryan become the Senior Underwriter at Security Mutual Life Insurance Company (SML)?
  • What does underwriting entail?
  • What’s is the weirdest case that has come across Ryan’s desk?
  • What is a contestability period?
  • When does an investigation occur?
  • What happens within the first two years of a policy?
  • What about suicide?
  • What is adverse selection?
  • What about risk?
  • What has been happening since 1886?
  • What about pricing?
  • What about sustainability?
  • What about having the funds to pay the claims, when they need to be paid?
  • What happened over the last two years?
  • What changed with COVID?
  • What about risks?
  • How has underwriting changed?
  • What about life expectancy?
  • What about advances in medicine?
  • How does Ryan view the Bank on Yourself® strategy?
  • How much death benefit does it buy?
  • Can you afford it?
  • How is life insurance a good tool?
  • What is the limit on how many policies one could own?
  • What about calculations based on multiples of age?
  • What about calculations based on annual income?
  • How long has Security Mutual been in business?
  • What are the unique underwriting programs at SML?
  • What is a risk class?
  • What about years and years of mortality studies?
  • What about heart disease?
  • What about the long term growth of the policy?
  • What is the “standard” rating?
  • How might one improve their rating?
  • What is the healthy living program?
  • What about favorable factors?
  • What is express underwriting?
  • What are the limits to express underwriting?
  • What happened with a lot of companies at the beginning of the pandemic?
  • What is unique about SML?
  • What is possible?
  • What is the oldest age you can apply?
  • What is the youngest age you can apply?
  • Would you like to visit sml.ny.com?

    • Ryan Nemcek is the Senior Underwriter at Security Mutual Life Insurance Company of New York in Binghamton, NY. He has held this position since 2014.  

    ...more
    View all episodesView all episodes
    Download on the App Store
    Not Your Average Financial Podcast™By Not Your Average Financial Podcast™
    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    122 ratings

    More shows like Not Your Average Financial Podcast™

    View all
    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,755 Listeners

    VINCE by Cumulus Podcast Network | VINCE

    VINCE

    62,731 Listeners

    Radical Personal Finance by Joshua Sheats

    Radical Personal Finance

    1,889 Listeners

    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

    706 Listeners

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

    3,867 Listeners

    Rental Income Podcast With Dan Lane by Rental Income Podcast

    Rental Income Podcast With Dan Lane

    836 Listeners

    Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

    Real Wealth Show: Real Estate Investing Podcast

    411 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,090 Listeners

    Wealth Wisdom Financial Podcast by Brandon Neely and Amanda Neely, CFP®

    Wealth Wisdom Financial Podcast

    52 Listeners

    Real Estate Investing with Coach Carson by Chad Coach Carson

    Real Estate Investing with Coach Carson

    621 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    726 Listeners

    PBD Podcast by PBD Podcast

    PBD Podcast

    4,418 Listeners

    On The Market by BiggerPockets

    On The Market

    903 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    942 Listeners

    The David Greene Show by David Greene

    The David Greene Show

    706 Listeners