Life Insurance and Accelerated Underwriting
Take advantage of carrier accelerated underwriting programs! Accelerated underwriting can turn weeks into days and potentially eliminate the need for a paramedical exam. Accelerated underwriting uses a combination of a client interview, application, and database searches to underwrite the risk… notice NO PARAMED or MEDICAL RECORDS! Keep in mind that this process isn’t for everyone—a good rule of thumb is a client that fits these parameters:
- Age: 18 to 60
- Face amount: $1,000,000 or less
- Assumed preferred or better risk (typically not for standard or worse)
The process isn’t perfect—sometimes the insurance carrier will still need to get more information. Don’t worry, we’ll keep you informed along the way.
Many carriers offer accelerated underwriting programs in conjunction with their digital
applications, and some have nuances to their platforms that may make their process
more amenable than others.
