Foreign National Solutions Abound, Despite the Pandemic

25 Nov

It is with great pleasure we announce that the pandemic-induced travel and residence restrictions in place with most of our carriers have officially been lifted! Many of our carriers are now able to consider clients who have planned travel abroad or primary residency in approved countries, and in most circumstances, the carrier foreign national programs are back to normal as long as clients can travel to the U.S. for solicitation. More >>

Guaranteed Life Insurance

5 Oct

To purchase a life insurance policy, most people have to undergo extensive medical evaluations and health history checks. It’s a lot less risky for the insurance company to insure a healthy person than a sick one. However, you can get life insurance even with a history of health issues. Some policies, like guaranteed life insurance, cater specifically to individuals who have struggled to get traditional life insurance based on their risk factors. More>>

What You Need to Know About…Underwriting Clients During a Pandemic

26 Aug

Guest contributor: Adrienne Wilson, FALU, ACS, FLMI, CLU, ChFC, is an underwriting consultant at Crump Life Insurance Services

The COVID-19 pandemic is widespread, affecting millions of people around the world as well as numerous businesses, including those in the life insurance industry.

While the full effects of the virus are still unknown and life insurance carriers are updating their underwriting guidelines on a regular basis, there are a few things to keep in mind — in terms of limitations and opportunities — when considering submitting a life insurance application during this unprecedented time. More>>

Pandemic Rules and Underwriting – Does a Visa Equal a Decline?

19 Aug

Guest contributor: Greta Albright, AALU, ALMI, is senior underwriting consultant at Crump Life Insurance Services

As financial professionals continue to navigate underwriting changes in today’s pandemic environment and anxiously await the possibility of releasing some of the temporary restrictions placed on life insurance underwriting, life insurance underwriters are continually asked, “How can foreign nationals and foreign residents obtain life insurance?” More>>

Tips to Prepare for the Life Insurance Medical Exam

17 Aug

The idea of setting up an appointment for a medical exam for the sake of applying for a life insurance policy probably doesn’t sound like a great time. But don’t let the process deter you. You won’t have to overhaul your entire lifestyle to “pass” the exam and get the best life insurance quote possible. A few minor tweaks in the weeks and days leading up to your exam can really pay off in the long run. Here’s how you can prepare for a life insurance medical exam. More>>

What Smokers Should Know About Buying Life Insurance

3 Aug

If you enjoy smoking, you probably know that it can impact your health. But did you know you will likely end up paying significantly more for life insurance if you smoke? Because life insurance is often an important part of a financial plan, it’s important to understand what to expect if you’re a smoker (or use other nicotine) and are shopping for coverage. More>>

6 Rolls of Toilet Paper vs Life Insurance

1 Jul

Guest contributor: Chris Cook, senior vice president and head of underwriting at Crump Life Insurance Services

The ease of applying for and obtaining life insurance products during the pandemic has improved in recent weeks — and the process may be easier now than ever. Here’s a look at the product that’s easier to get during a pandemic. More>>

Disability Carriers Need to Brace for the Onslaught of COVID-19 Claims

20 May

As states across the country prepare to return to work, disability insurers should expect to see an increase of claims stemming from COVID-19. Many of these claims, however, will not be because the insured has COVID-19, but rather, due to the fear that the insured may get the virus if he or she returns to work. For many, an underlying medical condition such as diabetes or heart disease may increase concerns about their prognosis if they contract the virus once exposed to their work environment. More>>

Pandemic Unknown COVID-19 Coronavirus

16 Apr

Guest contributor: Emily Bancroft, MS, ALMI, AIRC, ACS, Underwriter, Crump Life Insurance Services

The United States has entered what feels like an uncertain time for many people. It has been generations since our country has been faced with a pandemic of this magnitude. The scary part of COVID-19 is that we do not have a lot of answers and there is so much unknown with this novel coronavirus. The important thing for all of us is to remain calm, educate ourselves on what is known, and prepare as best we can. More>>

What You Need to Know About…The Medical Information Bureau

23 Dec

The Medical Information Bureau (MIB) maintains a database of confidential medical and non-medical (hazardous avocations, hobbies, and driving violations) information. The main function of the MIB is to provide the exchange of underwriting information among its members. More >>