AI-Accelerated Exam and Lab-Free Life Insurance
Avoid Ratings and Declines!
Take advantage of AI-accelerated, exam and lab-free life insurance underwriting from our industry’s leading insurers! Without exams or labs, your applications can’t get rated or declined due to:
- Nicotine
- Abnormal liver functions
- Overall cardiovascular profile
How many of your prior applications have derailed because of these findings?
How Does it Work?
Insurers collect Big Data from multiple sources, including MIB, credit bureaus, DMV MVRs, LexisNexis, and prescription drug databases. They correlate that data with the information clients provide on their digital application. Proprietary scoring systems then decide who qualifies for AI underwriting decisions. Acceptance rates have risen to above 70% at leading carriers. Policies are usually issued in about a week. Therefore, it makes sense to at least try to qualify your clients for exam and lab-free underwriting.
Who is This For?
- Healthy clients
- Ages 18-60
- Up to $5M term or permanent life insurance
Who is This NOT For?
Applicants whose pre-underwriting profile reveals:
- Chronic medical conditions like diabetes
- History of heart disease or cancer
- Serious motor vehicle violations like multiple speeding tickts, DUIs
- Risky avocations / hobbies
- Recent bankruptcies, criminal records, extensive international travel and other unusual characteristics
Some insurers are not quite ready to accept business life insurance applications through their AI platforms. Thus, please contact us for the latest advances in AI underwriting for keyperson, buy-sell, or loan-indemnification coverage.
Also, if an applicant needs multiple policies, AI-based applications are not (yet) for them. Since there are no humans involved in the decision making, answers to medical questions etc. cannot be combined – and are asked on each application. When you have this type of a need, call us so we can figure out the easiest way to proceed.
Ask Yourself:
Is there any reason to subject your clients to the hassles and risks associated with insurer exams or labs? Encourage healthy life insurance buyers to apply exam and lab-free. It’s super easy, fast, and convenient. Get your clients covered – and you paid – quickly!
