Life Insurance
Underwriting Process
Items Needed:
1. Preliminary Inquiry Form
a. Fill out information and sign
b. Attach addresses, phone numbers of all
doctors, last date seen and why
c. Medications (name, dosage, etc.)
2. Sign Authorization to Obtain Information
3. Fill out and sign Avocation Questionnaire
4. Provide copy of driver’s license
Steps:
1. APS (Attending Physician Statements) ordered
2. Motor Vehicle Report (MVR) ordered
3. MIB (Medical Information Bureau) report ordered
4. Receive Avocation questionnaire
5. Meet to review all information
6. Have case medically reviewed by physician
7. Submit incomplete case to a few select underwriters
8. Medical exam ordered
9. Financial information returned by CFO or CPA
10. Case reviewed final time
11. Case formally submitted to selected carriers
12. Final negotiations with carriers and reinsurers
13. Place policy in-force (process to take 4-7 weeks)
