GTL Ends Underwritten Impaired Risk Programs

GTL has decided to focus on simplified underwriting programs because the cost of acquiring business through the impaired risk underwriting program is too high, the company says.

GTL is terminating agent contracts for impaired risk products, but it says it will continue to pay commissions based on the agent contracts that have been in effect up until today.

GTL might sell the impaired risk block to another carrier, but the move will not affect contractual obligations to agents, policyholder benefits or policyholder premiums, the company says.