Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Your Practice

Carrier Slashes Underwriting Time

X
Your article was successfully shared with the contacts you provided.

State Life Insurance Company is updating its Asset-Care whole life insurance policy.

The product is a medically underwritten whole life policy that gives buyers a vehicle for pre-paying long term care expenses, according to State Life, a unit of One America Financial Partners Inc., Indianapolis.

State Life will be paying producers more to sell the policy, the company says.

The company says it also has adopted a new ExpressUW underwriting system that should shorten the underwriting process to 7 or fewer business days.

Before, the underwriting process could take as long as 2 months, State Life says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.