New Waves in Life Insurance: Faster, Simpler, and Non-Medical
Life Insurance underwriting is catching a new wave, changing the way policies are issued. Insurers are now offering non-medical underwriting processes, providing convenience and speed like never before. Let's explore this recent trend and how it's transforming the life insurance landscape.
What is Non-Medical Underwriting?
Non-medical underwriting is a process where life insurance providers issue policies based on an applicant's information, without requiring a traditional medical exam. Instead, insurers use data from a variety of sources like prescription histories, motor vehicle reports, and past insurance applications. This innovative approach makes the underwriting process faster and more straightforward.
Why Non-Medical Underwriting is a Game Changer
1. Speed: Traditional underwriting processes can take weeks or even months. Non-medical underwriting can often provide a decision in days or, in some cases, minutes.
2. Simplicity: By eliminating the need for a medical examination, life insurance becomes less daunting and more accessible.
3. Comfort: You can apply from the comfort of your home, making the process more convenient and less intrusive.
A Personal Experience
To illustrate how seamless and rapid this process can be, I recently had a personal experience with non-medical underwriting. I applied for a $1,000,000 20-year term policy with BrightHouse Financial. In just a 30-minute phone call, I was approved for a Super Preferred rating - all over the phone. The policy was issued during the same call, a testament to the efficiency of non-medical underwriting.
Take Action Today
As a Certified Financial Planner™ (CFP®), I encourage you to leverage these advancements in life insurance underwriting. It's never been simpler to protect your loved ones financially. To get started, visit My Quote Request Page for an instant online quote. Take a step towards securing your financial future today. Life insurance is no longer a daunting process but a straightforward, hassle-free experience. Embrace the change and secure your peace of mind.
No-exam/accelerated underwriting coverage: Issuance of a term life insurance policy without a medical exam is subject to product availability and your eligibility, and may depend upon your truthful answers to a health questionnaire.
