Close Close
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.

More on this topic

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.