Underwriting Key Points.
Final Expense product for your healthiest clients. The Secure Advantage product's Point-Of-Sale Application Processing uses Yes/No health answers, without judgment-based underwriting, and includes the application form, MIB report, prescription history, and a verification call with the applicant.
• High blood pressure and diabetes is an automatic decline. • If they have type II non-insulin diabetic- rated up 6- years. • If they have high blood pressure rated up 6- years • If they have type II non-insulin diabetic and over H/W- rated up 7 years. • If, they have high blood pressure and over H/W- rated up 7 years. • Height & Weight • If over Preferred Maximum Weight limit in Height/Weight Add 7 years to age • If over Standard Maximum Weight limit in Height/Weight Table Decline. Applicants 0-49
• Medical questions on application, point of sale telephone interview, prescription drug check and MIB check. • If insurable interest is questionable, a background check may be ordered. • We must order medical records: a. If client is age 80+ b. On all additional applications, reinstatements.
Applicants 50-85
• Insulin dependent diabetes is acceptable if units don’t exceed 50 per day. • Type 1 insulin diabetes is an automatic decline in the state of Florida. • Height & Weight • If applicant’s weight is at or below the Preferred Maximum, they qualify for Preferred Rating. • If applicant’s weight is above the Preferred Maximum and at or below the Standard Maximum, they qualify for Standard Rating. • If applicant’s weight is above the Standard Maximum, the applicant is declined.
Made with FlippingBook Digital Proposal Creator