Health Applications and Field Underwriting

What this video covers

• What the applicant, producer, and insurer each do during underwriting, and who makes the final risk decision
• How to correct an application with the applicant’s confirmation, and why producers must not omit or answer health questions for applicants
• Why a signed application or paid premium does not alone start coverage, and how a conditional receipt differs from a binder
• How insurability conditions, medical exams, and an attending physician statement (APS) can affect temporary coverage
• How a rating differs from an exclusion, and how a rider, endorsement, or amendment changes policy terms
• What to review at delivery and when replacing coverage, including why current coverage should not be canceled before new coverage is effective
• How to calculate payable benefit days after a disability policy’s elimination period