Underwriting
A modification or change to a standard application.
What is an ALX or Rated Policy
For the first 7 months you are on this type of quality.
What is DCN ( declines, cancels and not takens)?
Not required for smokers, children or ALX policies.
What is an oral swab?
Place you can first see policies that come off as well as how much you are getting paid.
What is ICM?
Requires list of medication,frequency, dosage and last reading.
What is yes answer to High Blood Pressure.
Updates on this type of quality are sent out weekly and effect those who have been with the company 8 months or more.
What is Persistency?
Chart used for underwriting in Agent Instructions guide.
What is the height and weight chart?
Day you should be focusing on pending applications and quality.
The required forms for an individual application.
What are WCN, voided check and oral swab if taken?
A minimum of 86% persistency or 10% DCN quality.
What is Torch Club Qualifications for this 2020?
Asthma. Uses inhaler once a week. Has not major complications and sees doctor as recommend. Never been hospitalized due to the Asthma.
What is the explaination field on the yes answer?
CODs, pending, persistency/dcn, authorization forms, WCN/VoidedChecks/OralSwabs, policy cancellations.
Requires three signatures on the COD.
What is the client wants the full amount that was applied for with the increased premium?
These do not count against your dcn or persistency but also do not count for total submit.
What are trial applications?
Under explanation agent put Diabetes.
What is NOT ENOUGH INFORMATION LISTED FOR THE DISEASE!?!?!?!?!? ( this will result in an email /call from the qm asking for more info)
5 things that could possibly pend a policy
What are APS, MVR, QAC, Paramed, Oral Swab, family insurance amounts, mode of transportation, unpaid eft?