Your feedback is important to us. We have listened and improved our underwriting requirements to make it easier and quicker for your clients applying for life insurance over $3 million.
What are the changes?
Currently, a Motor Vehicle Report is required for applications over $3,000,000, which may be time-consuming for both you and your clients. Our goal is to simplify the underwriting process and continue improving your client’s experience.
Effective April 29, 2024:
- Motor Vehicle Reports will no longer be required for Age and Amount.
▪️ Any new and pending routine MVRs will be waived. - We will continue to order Motor Vehicle Reports for cause (history of impaired driving, excessive speeding violations, etc.)
Advantages for you and your clients
▪️ Simplification of the application process.
▪️ Reduced waiting times for underwriting decisions.
Updated documents
On April 29, 2024, the following links will be updated with the new grids:
▪️ F13-408A | Field Underwriting Guide - Life and CI Insurance
▪️ F13-166A-1 | Medical requirements
