An insurer has introduced a Web-based Life Insurance Capacity Calculator system.
The system can help producers estimate how much the Minneapolis-based ING U.S. life company subsidiaries of ING Groep N.V. might issue to a particular client based on the companies’ financial underwriting guidelines.
Producers can use the maximum to identify clients who might want to take out additional coverage to ensure their future insurability, ING says.
Verification of finances may be required during the underwriting process, ING says.
The calculator is posted on the ING for Producers website.