SBLI’s Accelerated Underwriting Process
As you've seen in recent news coverage, the Centers for Disease Control and Prevention (CDC) is closely monitoring an outbreak of respiratory illness referred to as the coronavirus or COVID-19. Although the situation continues to evolve, we are rapidly seeing the requirement for people to limit their activities with increasing restrictions being applied at a State and Federal level on work, school and social gatherings.
As a consequence, people are increasingly limiting their day-to-day interactions with the outside world, many staying at home with their immediate family to help suppress the outbreak and protect the ones they love. One of the practical implications to our business is that prospective clients are less likely to want a paramed visiting their home, while an examiner’s ability and desire to travel is also being curbed.
A Solution: An Accelerated Underwriting Process Guaranteed for All Risks
We recognize our responsibility continues to be to provide you with a solution for your clients’ needs and we believe in this current environment, our unique no exam, accelerated underwriting process, is an excellent fit. The process is guaranteed for anyone age 18-60, no matter the risk class, looking for $500,000 or less term (or whole life) insurance.* Accelerated underwriting (AU) from SBLI offers an expedited underwriting process that is simple and fast, and supported by a convenient tele-med exam with no human contact!
This unique approach eliminates traditional invasive medical requirements or home visits for all applicants, significantly improving their experience in today’s extraordinary times. As a reminder, please remember this is a fully underwritten process, and as such current and historical health will be factored into risk assessment. Click here for a comprehensive set of prescreening AU best practice guidelines highlighting the ideal target market for our Accelerated Underwriting process, as well as the uninsurable medical and non-medical scenarios that are not a good fit.¹
We understand in these challenging times that things are changing rapidly and we will endeavor to keep you informed of any updates or changes in our underwriting process, as they are introduced.
In a business climate of extremely limited travel and social distancing, we understand that the need to sell life insurance safely is paramount for both you and your clients. We recognize that you are looking for solutions to meet the changing needs of your clients and we are very proud to be a partner for you.
If you have any questions, please contact us at 1-888-224-7254 (option 1) or email brokerage@sbli.com.
Thank you for your business.
¹ Please note, some additional requirements may be necessary based on non-medical and medical information. If this is the case, our underwriting review times will be driven by the availability of records.
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