Filed Under:Health Insurance, Disability

Disability Insurance Underwriting Made Simple

Anyone familiar with disability insurance knows that it can be a headache to underwrite a case. Disability insurers underwrite their applicants with great care and deliberation - and for good reason, since many illnesses and injuries can lead to a claim. In my experience, many agents and brokers avoid selling disability insurance simply because they've had poor DI underwriting experiences. After such a bad experience, the producer must deal with their client's frustration, and some producers just decide it's not worth it.

However, there is a program that sidesteps the headaches of a fully underwritten case, and which may help bring DI back to many producers' stable of regularly sold insurance products and services: simplified underwriting. This is designed for clients with smaller, well-defined financial needs. There is minimal underwriting, no required financial documentation, and no paramedical exam.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.