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(American Life Insurance Guide Network News) Securian Financial Group Inc (Securian Financial Group Inc, formerly located in Minnesota) Minnesota Life ) Said it has benefited a lot from the underwriting acceleration project of life insurance policies and will continue to expand the project.
This fast underwriting project is called WriteFit , Insured persons under the age of 50 with an insured amount of no more than 2 million US dollars, or between 51 and 60 years old with an insured amount of no more than 1 million US dollars, will be eligible for this fast underwriting program.
The policyholder is in compliance with Securian’s Preferred Or Preferred Select After these two health ratings, you can enter the project.
Securian has been using this set of accelerated underwriting procedures for eligible policyholders (under 2016 years of age, under 54 million insured amount, health rating) since 1.In the past 26,500 insurance policies were underwritten through this process, and the average time for approval was 24 hours.
Apply for Securian Life in 2018 (formerly Minnesota Life ) Among policy applicants, 82% are applicable to this new set of procedures.Policyholders outside this ratio can apply through traditional application and underwriting methods.
This new process system relies on an information infrastructure to obtain prescription information, financial credit information, court records, asset records and driving reports, and also obtain health records of the insured through the Medical Information Bureau (MIB).
Securian Life (formerly Minnesota Life ) In this new process, telephone interviews are still retained, but people are generally not sent for physical examinations or blood samples collection.
(Reported by American Life Insurance Guide Network)
