NU Online News Service, Aug. 19, 2003, 4:14 p.m. EDT – Prudential Financial Inc., Newark, N.J., says it has eased life insurance underwriting requirements for some applicants who are overweight, have diabetes or want policies with large face amounts.
Prudential’s life insurance subsidiaries have liberalized build requirements for large but healthy applicants ages 18 to 64. The new build requirements will let many applicants who would have been rated Table A in the past buy coverage at standard rates, Prudential says.
The Prudential life underwriters also will have the option of granting preferred nonsmoker status to some applicants with diabetes who have demonstrated good control of the disease and have no complications.
A third change, to the life company financial underwriting guidelines, will let some applicants buy life insurance policies with larger ratios of face amount to income.