The State Life Insurance Company has developed a new underwriting process to speed up service to clients and producers for of its life insurance policy with long term care options.
The new process, called ExpressUW, coincides with a recent upgrade of its Asset-Care product, says State Life, a unit of State OneAmerica Financial Partners Inc., Indianapolis.
ExpressUW underwriting takes 5 to 7 business days, a significant drop in wait timesfrom its previous underwriting processes, which took up to 2 months, the company says.
State Life also says it has expanded Asset-Care’s client benefits and increased compensation for producers.