Posted on Jan 30th, 2010 in
Underwriting & Risk
For clients considering life, critical illness or disability insurance, rated insurance policies can significantly increase the cost of insurance. This, in turn, can negatively impact the overall financial viability of the insurance concept. The savings by reducing the amount of any extra premiums can be huge – especially for older clients seeking larger amounts of insurance.
The following chart illustrates...
Do you know someone with a rated insurance policy? How about an application for coverage that has been declined or postponed? Are you having trouble making any sense of a recent underwriting decision?
Traditional underwriting processes for life and living benefits insurance can be a trying experience for clients and advisors alike. Long delays are commonplace. There is no transparency into how the applicant is being...
Posted on Feb 22nd, 2008 in
Underwriting & Risk
Underwriting is the most important aspect of the life insurance application process – and the least understood by consumers.
The insurance industry promotes the perception that underwriting is a fact-based assessment of risk. However, closer examination reveals that life underwriting is more an art, than a science.
Anatomy of a Decision
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Life insurance underwriters base their...
With many investors looking for low risk income strategies as they head into retirement, the insured annuity is a popular option for retirees. Yet this concept is exquisitely sensitive to underwriting and can be easily thrown offside if the case is not handled properly.
An insured annuity is an elegantly simple concept that combines two completely separate financial instruments: an annuity and a life insurance...
New research suggests that laughing, eating chocolate and frequent sexual activity (not necessarily in that order) may extend your life.
Laughter
A recent study in Norway found that adults with a sense of humor outlive those who don’t find life funny. The study asked 54,000 Norwegians about their sense of humour and then tracked them for 7 years. The quartile with the funniest outlook on life were 35% more likely...
For over two decades,