Term Life with Accelerated Underwriting offers a dynamic, flexible and affordable solution for your clients. Assurity's innovative process uses real-time data. That means a policy can be in your client's hands in just days. More convenience for them – and faster commissions for you.
Contact Us to Find Out MoreMany life insurance carriers have been making their best effort to provide a faster, easier way to buy life insurance. Consumers express the traditional process is too long and too tedious for the modern day. At Assurity, we heard this message loud and clear and took steps to make the process faster and easier with our new Term Life Insurance with Accelerated Underwriting.
There are no trade-offs on time, cost or quality with our new product. Our innovative process uses real-time data to provide instant approvals on up to 50% of applicants who qualify based on age, personal history and face amount requirements.
With Accelerated Underwriting, all applicants are considered for approval at the time of application without further underwriting; not all will qualify. For those who don't receive instant approval, Accelerated Underwriting seamlessly transitions their applications into a more traditional underwriting process for the same product with the same available premium classes.
At the end of the app, the client will give permission to gather third-party data and e-sign.
Processes publicly available data, such as motor vehicle reports, prescription drug histories and MIB. Underwriting engine provides an instant decision: Approved, Referred to Underwriting or Rejected.
Applications approved go immediately to policy issue.
Applications referred to Underwriting may require something as simple as an underwriter review or transition into full medical underwriting.
Common factors that automatically require additional underwriting.
What signature options are available on the Term Life e-app?
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Can I fill out the application electronically, and then have it wet signed?
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On the health questions of the Term Life e-app, how does the "Search all that apply" box work?
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How do I enter the occupation of my applicant?
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Can I take the client's information and then submit the e-app?
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Are the health questions always the same?
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How important is entering an appropriate risk class for the applicant to the accelerated underwriting process?
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Are credit card payments accepted on the e-app?
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How is the applicant's HIPAA signature collected during the e-app process?
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Let's talk more and see how we can help.
NOT AVAILABLE IN NEW YORK.
This policy may contain reductions of benefits, limitations and exclusions. For costs and complete details of the coverage, please contact your insurance representative or Assurity to review the policy for more information.
Policy Form No. I L1702 and Rider Form Nos. R I1506, R I0827-T, R I1706, R I0762, R I0763, R I1703, R I1705, R I0825-T, and R I1704 are underwritten by Assurity Life Insurance Company, Lincoln, Nebraska.
Assurity is a marketing name for the mutual holding company Assurity Group, Inc. and its subsidiaries. Those subsidiaries include but are not limited to: Assurity Life Insurance Company and Assurity Life Insurance Company of New York. Insurance products and services are offered by Assurity Life Insurance Company in all states except New York. In New York, insurance products and services are offered by Assurity Life Insurance Company of New York, Albany, NY. Product availability, features and rates may vary by state.