Sentences with phrase «traditional life insurance underwriting process»

Yes, a medical exam is almost always part of the traditional life insurance underwriting process.

Not exact matches

For those who are applying for traditional life insurance coverage, it is likely that a medical exam will be required as a part of the underwriting process.

Everything from their application, to their underwriting process, to the types of coverage they offer, is in the traditional tradition and is similar to most other life insurance companies.

Traditional life insurance is a long process and a lot of people who have the intention of protecting their family with life insurance get frustrated with having to take a medical exam, wait for medical records to be released to underwriting and then have the underwriter review and potentially ask more questions.

That's because accelerated underwriting life insurance is collecting the same information as the traditional application process, just in a different way, so it can offer the same coverage at the same rates you'd be paying anyway.

That means you'll qualify without going through the rigorous underwriting process associated with traditional life insurance or even disability insurance applications.

May not factor into an insurance company's underwriting process, which could potentially make these types of policies an ideal choice for someone who may otherwise not qualify for a traditional fully underwritten life insurance policy.

They offer a traditional term policy (Level Term), which requires a medical exam, and also the «Farmers Simple Term Life Insurance», which simplifies the underwriting process and does not require a medical exam.

You see, for individuals who have been diagnosed with hereditary nephritis, traditional life insurance policies simply aren't an option which is why we need to pursue alternative options which consider an applicant's actual health in the «underwriting» process.

A simplified issue life insurance policy will typically be approved and issued within just a few days, as versus several weeks or months as is the case with a traditional life insurance policy that must go through the full underwriting process.