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How long will it be before I receive a decision on my application?
- In general it will take from 4 to 8 weeks. However, that period
could be shorter or longer, depending upon how long it takes to
receive and underwrite the required medical, financial, and occupational
information. Back
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Why do
I have to provide proof of my income? - Just as financial
institutions require income verification for mortgages, loans,
etc., we also require income verification in the form of a payroll,
W-2 and/or tax returns. After all, the underwriter is accepting
a potentially large financial responsibility on your behalf. Back
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My agent
said that I will most likely receive a phone call from someone
for application information verification. Will everything I say
be kept confidential? - Absolutely! We are very aware of the
sensitive nature of the financial, medical, and occupational information
we require to consider you for coverage. Back
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Will I
need to take a medical exam? - In most cases, blood and urine
samples are required. Depending on your health history and the
amount of coverage applied for, you may also need a medical exam..
Back
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Who will
pay for any required tests and exams? - It will not be your
responsibility to pay for, or arrange for, any of the tests or
exams if required. Back
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What if
I have a health problem? - In some instances, coverage may
still be issued. However, the policy coverage may modified or
a particular condition excluded from coverage or an extra premium
may be charged because of adverse health history. Back
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If I am
issued a modified policy, can it be reviewed later? - In many
instances, yes, depending on your health history. The important
thing is to get the policy in-force to cover all the other health
problems or accidents that can occur. Back
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I forgot
to list a doctor visit on my application. What should I do?
- Immediately call the agent who took your application. Complete
and accurate information is one of the best ways to speed your
application through underwriting. Back
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I was just
issued a preferred life insurance policy. Does that mean that
my disability insurance policy is likely to be issued on a preferred
basis too? - Medical underwriting for disability income insurance
is more complicated than for life insurance because many conditions
can be disabling without being life threatening. This must be
taken into consideration during the disability underwriting process. Back
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