by admin | Jul 23, 2020 | New Insurance Solutions
These are tough times and the COVID-19 impact on underwriting life insurance is seen in two areas: insurers extending grace periods for paying premiumsinsurers placing a greater emphasis on accelerated underwriting. Underwriting Premium Grace Periods COVID-19 has...
by admin | Jun 23, 2020 | New Insurance Solutions
Accelerated underwriting is increasingly more popular in the life insurance industry. Three out of every four insurance companies currently use accelerated underwriting and the rest are planning on implementing the “express underwriting” process in the near future....
by admin | Jun 9, 2020 | New Insurance Solutions
At first, life insurance for vapers would appear to be a good bet. Vaping would be better than smoking cigarettes, right? Vaping started to become really popular in 2010. Vapers, who were mostly x-smokers, were desperate to kick the habit of smoking or were jumping on...
by admin | May 19, 2020 | New Insurance Solutions
COVID-19 affects life insurance in some obvious and not so obvious ways. There is an understandable slight shift in the way we are doing business. Here are some of the ways in which these extraordinary times have changed the life insurance process. 1. Consumer...
by admin | Apr 22, 2020 | New Insurance Solutions
Applications for life insurance have changed drastically in recent years. Amazingly these changes seem to gave set up the life insurance industry for smoother operations during the chaos of a pandemic and global quarantines. Scary as the times are, we are able to...
by admin | Mar 31, 2020 | New Insurance Solutions, Retirement Planning
Take notice of the recent repeal of Stretch IRAs. On December 19, 2019, Congress approved a $1.4 trillion appropriations bill that included significant changes to the way IRAs and qualified plans will be administered, effective on January 1, 2020. Two of the...
