The impact of chronic disease and immunity on field underwriting

18 Jan

Guest contributor Emily Bancroft, MS, ALMI, AIRC, ACS, ALU Certified Professional Underwriter, is a senior underwriter, at Crump Life Insurance Services.

We live in interesting times. Our collective vernaculars changed from living through the COVID-19 pandemic. Words such as “vaccine,” “immunity,” “booster,” and “antibodies” are now everyday terms, whereas a few years ago, these words were mentioned a few times a year.

No one truly knows how much longer we will be immersed in these strange times as it is a new reality. Still, as we strive to understand the world around us, it helps to recognize what immunity is and how our pre-existing conditions or chronic diseases impact that immunity. More>>

16 commonly misunderstood insurance words

16 Jan
Underwriting, premiums, contestability period—terms like these can make insurance words seem foreign. Fortunately, a good insurance professional can help you understand everything. So can the definitions below. Read on to understand some commonly misunderstood insurance words. More>>

COVID-19’s Ongoing Effect on Life Insurance Underwriting

3 Aug
Guest contributor Chris Cook, senior vice president, underwriting, at Crump Life Insurance Services.

Depending on what you read and who you follow, we are still in a pandemic phase or transitioning from the pandemic to the endemic phase of COVID-19. This has an ongoing impact on the life insurance industry. More>>

Life Insurance Underwriting: Frequently Asked Questions

20 Sep

Part of being an adult is recognizing that you have a sense of responsibility toward others — especially your loved ones. If you were to pass away expectantly, you’d still want them to be cared for in your absence. That’s why you’ve thought ahead and decided to get life insurance. However, before you can check the “I’m insured” box, there’s a step in the process. And that’s underwriting — a process that many people applying for insurance don’t understand. That is, until now. Read on to learn about the basics of underwriting and how it can affect you. More>>

The Impact of Genetic Testing on Life Insurance Coverage

8 Sep

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

Our society’s ever-increasing emphasis on healthy living and longevity has rapidly sparked an interest in direct-to-consumer genetic testing kits such as 23andMe and Ancestry. Also, recent scientific breakthroughs have encouraged the use of genetic testing in the medical field, especially in the treatment of patients who may have an increased genetic predisposition to certain diseases.

While knowledge is power, and these new technologies may ultimately assist physicians in minimizing their patients’ future risk of developing certain ailments, there are also drawbacks to genetic testing that may not be readily apparent. More>>

The Life Insurance Industry Provides Coverage and Protection Options for All Genders

7 Jul

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

Today’s life insurance industry has products available that are inclusive of the needs of all consumers, including the 1.4 million adults in the U.S. who identify as transgender. Whether the need is for mortgage protection, estate planning, financial security for a spouse or children, or living benefits such as retirement income or long-term care, there are products designed to fit the specific need. Most important, with innovations such as accelerated underwriting programs, the process of obtaining coverage has never been easier. More>>

16 Commonly Misunderstood Insurance Words

7 Jun

Underwriting, premiums, contestability period—terms like these can make insurance words seem like a foreign language.

Fortunately, a good insurance professional can help you make sense of it all. So can the definitions below. We explained them in recognition of Financial Literacy Month. Read on to understand some commonly misunderstood insurance words. More>>

Awareness of Simplified Underwriting Boosts Chances People Will Buy Life Insurance

14 Apr
While already underway prior to the COVID-19 pandemic, many life insurance policies are now underwritten through “simplified” or “streamlined” processes, which are less reliant on physical data (e.g., blood, urine, examination) and more reliant on readily available datasets (e.g., medical, financial, personal). More>>

What to Know About Life Insurance for Diabetics

11 Jan

Many people falsely believe that life insurance for diabetics doesn’t exist. In reality, there are quite a few life insurance options for the 34.2 million Americans who have diabetes. 

While diabetes remains a health challenge for many, it is still very possible to secure good life insurance as a diabetic. Here are some key things to know about getting life insurance if you have diabetes. More>>

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 >>