Make It Easy With Simplified Underwriting

Updated March 19, 2020

Looking for a quick and easy application and underwriting process? Look no further than Simplified Underwriting.

It’s Easy.

• No medical labs or proof of income needed.
• The TeleApp — required for Simplified Underwriting — is easier to complete than the full application. Your client will complete a short application and a telephone interview.

Many of Your Clients Will Qualify.

Who qualifies for Simplified Underwriting? Applicants who:

• Apply for a monthly benefit of $6,000 or less (ages 18-45) or $3,000 or less (ages 46-50).¹
• Apply for a monthly benefit of no more than $10,000 when combined with existing IDI.
• Work in a job classified as occupation class 2A/2P or higher.
• Apply for Business Overhead Protector^SM monthly benefit of $10,000 or less (ages 18-50).

Who's a Good Fit?

Here are some clients who will appreciate Simplified Underwriting.

• Clients with group LTD insurance through their employer. These clients may need to protect more of their income than their LTD insurance covers. Simplified Underwriting offers a hassle-free way to get more coverage.
• Recent graduates. Simplified Underwriting is a great fit for clients early in their careers. You can help them lock in quality income protection and the chance to increase coverage in the future through the Benefit Increase Rider.
• Business owners often have their livelihood, assets and income stream tied to their business. Simplified Underwriting offers business owners a path to valuable coverage without providing labs. This gives them more time to focus on their business. Another advantage, they don’t have to provide documentation of business expenses when they use Simplified Underwriting to apply for Business Overhead Protector.
  
  While not required with Simplified Underwriting, we recommend business owners submit financial documentation. This will give them access to discounts and rewards (for NY) offered to business owners only.

Here’s How It Works.

Have your client complete the TeleApp. That’s it.

If the application meets the qualifications, we'll automatically use Simplified Underwriting. Once we receive the application and completed TeleApp interview, we’ll provide a decision or case status within 48 hours.

Don’t Forget: You Can Secure Platinum Advantage’s Benefit Increase Rider Using Simplified Underwriting.

Last year, we removed the income-documentation requirement for the Benefit Increase Rider. Before, applicants had to provide proof of income to add the BIR to a Platinum Advantage policy. Now proof is no longer required when using Simplified Underwriting.²

Want more info? Check out the Simplified Underwriting flyer.

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