Not Your Average Financial Podcast™

Episode 255: Post-COVID Underwriting Secrets with Ryan Nemcek

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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.  

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