All things Application
Applications are valid for this long from the date they are signed.
What is one year?
This type of policy requires a sales illustration to be attached to the application.
What is Whole Life or Universal Life?
These agents are automatically set up for EZcomplete once they receive their EquiNet ID and password.
Who are WFG agents?
This test includes both blood and urine sample results and can be routine or requested by the underwriter.
What is a Blood Profile?
This is the maximum number of days a file can remain open in underwriting.
What is 90 days?
These are the acceptable methods for submitting a paper application.
What are mail, courier, fax (519-883-7422), and EquiNet EZ Upload?
This is the name of the report from the proposed insured’s doctor, ordered by Equitable Life.
What is an Attending Physician Statement (APS)?
This type of testing helps improve underwriting accuracy and reduce risk.
What is random selection by a prediction model?
This test is required to underwrite the file and may be routine or requested after review.
What is Urinalysis?
This term refers to the cancellation of a new business policy.
What is Right of Rescission?
This method of submission is not accepted for applications.
What is email?
This company obtains MVRs for all provinces except Alberta.
What is Dynacare?
This interview is required for applicants aged 75+ applying for $100,001 or more.
What is the Mature Age Focus Interview (MAFI)?
This test is requested when unusual blood pressure readings are found during a paramed exam.
What is a Re-check by Examiner?
This is the email address advisors use to notify Equitable that postponed conditions have been met.
What is indnewbus@equitable.ca?
This team handles unmatched medicals and indexing.
Who is New Business Admin?
In Alberta, this person must order their own MVR.
Who is the client?
Critical illness insurance is not available for applicants over this age.
What is 65?
This test is ordered when the original urine specimen shows irregular results.
What are 2 Additional Urine Specimens?
This is the process for refunding credit card payments when a policy is not taken.
What is refund by cheque (no waiting period)?
This payment method is available for monthly PAD and credit card payments at the time of application submission.
What is Payment at Time of Submission?
This is the term for when a substandard offer of 175% or more is made and the advisor is contacted before proceeding.
What is Substandard Offer?
This term means the policy has been issued but is awaiting settlement due to missing items like payment or signatures.
What is C.O.D. (Cash on Delivery)?
This test is ordered by underwriting to recheck or gather additional lab data, typically with a 5-day turnaround.
What is a Special Lab Test?
This rating is given to individuals with better-than-average health or lifestyle.
What is Preferred Rating?