Majority of the time, it is your health that purchases the insurance. Typically, it’s too late to purchase adequate coverage once you know you need it. It’s like trying to buy collision coverage after the car accident already happened. We will work with you to create realistic expectations on what the decision would most likely look like. The underwriting process can take up to three months, sometimes longer.   Qualifying applicants do have the option to be covered during the underwriting process.

The underwriter evaluates information and resources to determine how and if you qualify for coverage. Some of these resources include:

Policy Application

• Integral document for the underwriting process as it will be attached and incorporated into the insurance contract. As an advisor, we take special care with its accuracy as it is in the best interest of the client and the insurance company.

Telephone Interview – Personal History Interview

• It is an important part of the application process and is a standard component of the underwriting process. It is conducted by a trained interviewer and usually takes between 15-30 minutes. Questions will relate to personal, financial and medical aspects of the application.

Medical History and Examinations

• These may be required and are based upon the type of insurance in which the client is applying for. Medical tests can include:
  • Collection of blood and urine
  • Vitals
  • EKG
  • Stress EKG
  • Inspection Reports/Questionnaires

  There is sometimes supplemental information that may be required for insurance applications. Inspection reports are usually only required for larger cases and are completed on an as needed bases. Questionnaires may be required when underwriting requires further information on avocation, drug/alcohol usage, medical issue, ex-back pain, recreational activities, and travel history.

Motor Vehicle Report – Drivers Abstract

• A driver abstract contains information from numerous sources concerning an individual’s driving history and is sometimes required by the insurance company. A client with a number of violations increases so does the likelihood of accident or disability. If the applicant has a poor driving records, this may not represent a standard risk.

Medical Insurance Bureau (MIB)

• The MIB maintains an extensive database of medical information and occupational risks on clients for life and living benefits insurance. MIB data is reported by member companies in code form so as to preserve the confidentiality of the files contents. The database contains no details about the client. Underwriters use the MIB to compare its file against the information contained in the application of the client.

Insurance Advisor

• The most essential part of the process for the advisor is to ensure accurate, thoroughness and honesty when completing the application. We take pride to ensure that all responses are recorded with exactness and totality. Accurate applications help expedite the insurance process and provide the underwriting department with an informed understanding of the client.