We are excited to introduce our new SBLI Underwriting Guide and share some important underwriting updates. These include improvements to our APS guidelines and additional information on our unique Accelerated Underwriting process.
New APS Guidelines
The age range requirement for requesting routine APSs has been improved. Routine Age and Amount APSs are no longer required for ages 0-50 and face amounts up to $1,000,000, or ages 0-60 for face amounts up to $500,000.
Age
$0 to $500,00
$500,001 to $750,000
$750,001 to $1,000,000
$1,000,001 to $2,000,000
$2,000,001 and up
18-40
No routine Age and Amount APS required
1 Year
2 Years
41-50
1 Year
2 Years
51-60
1 Year
1 Year
2 Years
All Cases
61+
All Cases
All Cases
All Cases
All Cases
All Cases
Accelerated Underwriting (AU)
Our Accelerated Underwriting process is available for both our term and whole life products and no medical exam or fluids are required for cases which fall within the following parameters:
Ages 18-60
All risk classes
Face amounts $500,000 and under
Best practice guidelines are now included in our new Underwriting Guide highlighting which clients are best suited for our AU process, together with examples of accepted conditions and uninsurable medical and non-medical scenarios. These have been designed to help you make the best decisions for your clients.
SBLI Healthy Credits Program
We also want to take the opportunity to remind you of our wellness rewards program, SBLI Healthy Credits. This has been designed to help improve cases with mild to moderate substandard mortality assessments. It provides a personalized approach to allow clients to qualify for an improved rate class based on objective healthy living criteria.
If you have any questions or require any additional information, please contact the SBLI Brokerage Sales Desk at 1- 888-224-7254 (option 1) or Brian O’Connell, (Vice President, Chief Underwriter) at 1-781-994-5428.
