It has already started: life insurance industry disruption I’ve met a lot of people in the life insurance industry who have been very successful in the past and think that all they have to do to stay successful is to keep doing what they’ve always done. There’s a word for that: denial. Look around—everything else is changing, … Read more
As our previous articles have highlighted, multiple life insurance carriers have launched accelerated underwriting programs. In fact, in 2017 and 2018 we expect this trend to continue as more major carriers launch new programs or expand existing ones. This is great news for you and your clients, but it also creates confusion as to how well it … Read more
We’ve been discussing accelerated underwriting quite a bit within our blog, including our recent post providing a synopsis over what it is and how it works. Yet even with all this discussion, accelerated underwriting is still new to the market and with that, there is still confusion as the carriers launch out their own variations. … Read more
Last year, we wrote about how buying life insurance with a selfie may become a reality. Well, here we are a year later and you can now get a life insurance quote with a selfie! This new, fun way to get a quote is now available from Legal & General America. The life insurance approval … Read more
What is Accelerated Underwriting? Accelerated Underwriting is a streamlined underwriting process that provides high-quality life insurance at competitive rates and in a fraction of the time. Depending on the carrier, both term and universal life products may be offered. How does it work? Utilizing predictive analytics, information from publicly available databases, and in many … Read more
“Do you own life insurance?” The client responded, “no.” Now, this man was the primary earner for a large family, plus he was carrying the typical large amount of debt. My colleague, who was helping put together a financial plan for this client’s retirement, explained that in his situation, life insurance is a must. Without … Read more
Understanding Accelerated Underwriting Accelerated underwriting is now offered by a top rated carrier and provides a streamlined underwriting program. As a faster and simpler underwriting experience, it has become the preferred choice for many advisors to access high-quality life insurance products. This innovative program uses data that can easily be obtained within 48 hours and eliminate the need … Read more