Steps

The Underwriting Process

Responsible Party

Step 1

After we provide you a quote for life insurance, and once you approve it, we begin the underwriting process.

You and David

Step 2

A medical exam firm will contact you and schedule a convenient time and location to meet with you for a medical exam. This can be done at your office, your home, or our office. The requirements may include any or all of the following: medical questions, height/weight, blood pressure, pulse, blood/urine testing, and an EKG. We suggest a 10-hour fast prior to the testing. There is no cost to you for this exam. For more information, see How to Prepare for Your Paramed Exam. [PDF]

Our office

Step 3

Our office will contact you to ask specific questions for the application. The questions include basic personal information (address, telephone number, employment, Social Security number, driver's license number and dates of issue and expiration,¹ etc.), financial information (annual income, assets, liabilities²), and a few other questions (other insurance, smoking status, hazardous sports, driving history, travel outside of country, etc.). We also confirm who the owners and beneficiaries of the policy will be.

Our office

Step 4

We will forward the completed paperwork to the insurance company for review by the New Business Department and an underwriter. The underwriter will contact the lab to obtain a copy of your blood and urine results.³ The underwriter will also review your application and medical history to determine if a copy of your medical records is needed. If records are needed, our office is advised and we order the records directly from your physician.⁴ (Click here to learn how we collaborate with your doctor and find you the best offer.) The underwriter may also order a copy of your driving record from the Department of Motor Vehicles (DMV) and will also advise our office if any additional information is required or if they have any specific questions regarding your application.

Depending on the amount of life insurance you are applying for, a telephone interview may be required. If applicable, a third party will perform the interview, which will basically consist of you verifying the information already provided on your application. All information will be kept strictly confidential between the third party and the insurance company.

Once all outstanding information is received, the underwriter will complete the review and make an offer for your insurance to our office. We are notified of the decision and will contact you immediately with your status. Assuming all is still acceptable to you, the underwriter will then forward your application to the Policy Issue Department, where your policy will be prepared and then mailed to our office.

Our office, underwriter

If applicable: Physician,
proposed insured,
third-party interviewer,
Department of
Motor Vehicles.

Step 5

Once our office receives the policy, it is reviewed for accuracy and copied for our files. If the policy was not prepaid, we prepare an invoice and present it to you, along with any outstanding requirements that need your signature. Your signature and your check activate the policy.

After you receive your policy, state law mandates that you have at least 10 to 30 days in which to return the policy for a complete refund if you are not satisfied.

Once your policy is in force, please contact our office with any questions that you may have or any service issues that may arise. Our office is available to assist you in any way possible with your policy for as long as you own it, at no extra charge.

Our office

You