Term Life Insurance Underwriting

Apr 3, 2009 Life Insurance 101

The Underwriting Process

Term life insurance underwriting begins once you submit your application. This is where the insurance company begins gathering and analyzing the applicants information and ultimately makes an underwriting decision.

Insurance Globe will manage the entire underwriting process.  We will order exams and any additional requirements that are requested by the insurance company.  We will answer any questions you may have and follow up with the insurance company to expedite the process.  We will constantly keep you updated every step of the way.

What’s Involved?

Typically for a life insurance policy to be issued by an insurance company, the medical requirements will be blood, urine and a paramdical exam.  At higher death benefit amounts, sometimes an EKG or stress test may be required.  In addition they will check the medical information bureau, your medical records and motor vehicle report.  Finally, they must also verigy that you financially qualify for the amount of insurance you are applying for.

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