SBLI USA Mutual Life Insurance Company Inc. is introducing a streamlined underwriting system for customers who want to buy whole-life insurance.[@@]
SBLI USA, New York, has started selling 2 whole-life policies that use the new application process, the SmartLife and Easy 1-2-3 policies, in New York state.
The application for the SmartLife policy includes 4 underwriting questions, and the Easy 1-2-3 application asks just 1 health question, SBLI USA says.
Both products provide access to 50% of the death benefit if the applicant becomes terminally ill.