Sentences with phrase «as part of the underwriting process in»

As part of the underwriting process in most states, The Murray Group orders an insurance score based upon your credit history that may be used to underwrite and price your policy.

Not exact matches

In addition to the other parts of mortgage underwriting process — such as verifying employment and determining the borrower's ability to afford the monthly payment — lenders traditionally required 20 percent down to ensure the borrower had some of their own money committed before the bank would provide a loan.

Underwriting looks at dozens of different factors regarding your life, and will include (in some cases) taking a medical exam (paid for by the insurance company) as part of this process.

As part of in - depth underwriting process, be prepared to submit financial information as part of the approval procesAs part of in - depth underwriting process, be prepared to submit financial information as part of the approval procesas part of the approval process.

For instance, many burial insurance policies do not require an applicant to take a medical examination as a part of the approval process — and because of this, those who may have an adverse health condition may still be able to qualify (even if they have been turned down for medically underwritten life insurance in the past).

As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy.

Because many final expense policies do not require medical exams as a part of the underwriting process, the individuals that apply — and are approved — for this type of coverage may be more risky in terms of health, and in turn, in terms of claims to the insurer.

In many cases, there is no medical examination that is required as a part of the underwriting process — and because of this, even if a person has certain health issues, he or she could still qualify.

In order to purchase an accidental death insurance policy from Transamerica, there is no medical exam required as a part of the underwriting process.

Part of the process of underwriting and setting rates is taking a look at the driver's past to gauge the risk factor the insurer will face in taking them on as a customer.

Other potential candidates can include those who take part in more risky or dangerous occupations and / or hobbies, as well as those who just simply can not or do not wish to take part in a medical examination as a part of the underwriting process.

No medical exam life insurance is a type of life insurance coverage that does not require an applicant to undergo a medical examination as a part of what is called the «underwriting process» in insurance parlance.