Anything and Everything
This determines whether the person buying the policy has a valid reason to insure the life of another.
What is insurable interest?
This is the term for when a file is sent to a doctor or senior consultant for a second opinion.
What is Refer to Medical Director?
This type of underwriting is not available for applicants aged 61 and older.
What is preferred underwriting?
Critical illness insurance is not available for applicants over this age.
What is 65?
This document is always ordered by Equitable Life when required.
What is the Attending Physician’s Statement (APS)?
Equitable does not accept applications from advisors in this situation.
What is operating out of the country or still in the process of getting licensed?
This is the term for when a file is sent to reinsurers to assess risk and pricing.
What is Reinsurance Reply?
This requirement is added for life insurance amounts over $100,000 for ages 51–60.
What are Para Labs?
This test is added for males when PSA is required.
What is the Blood Profile?
This is the age basis used to determine underwriting requirements.
What is attained age (actual age)?
Applications are valid for this long from the date they are signed.
What is one year?
This is the term for when an email is sent to the advisor asking for clarification.
What is Reply to Memo?
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 required for applicants aged 61–65 applying for $250,001 or more.
What is ECG (Electrocardiogram)?
This replaces medical questions on an application when required.
What is a paramedical exam?
This is the process followed if an advisor wants to check the status of an APS.
What is refer them to ExamOne for an update?
This is the term for when a policy is selected for testing based on a prediction model.
What is Random Testing?
This financial verification is required for life insurance amounts over $5,000,000.
What is FIN (Financial / Third-party verification)?
This test is required for applicants aged 61–65 applying for $1,000,000 to $2,000,000.
What is TMT (Treadmill Electrocardiogram)?
This combination of coverage types requires the most extensive list of requirements.
What is combination critical illness and life insurance?
This team must be contacted to rush an MVR form request for Quebec.
What is New Business Admin (Underwriting Support)?
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 report is required for life insurance amounts over $5,000,000 for ages 18–69.
What is the Motor Vehicle Report (MVR)?
This combination of tests is required for applicants aged 18–40 applying for $250,001 to $500,000.
What are Labs and APS?
This additional screening is required for applicants who have lived in Canada for less than one year.
What are hepatitis screens (with paramedical and blood profile)?