Stay up-to-date on the latest underwriting trends and innovations with insight from the office of Manulife’s Chief Underwriting Officer
Do you really need my clients tax info and financial statements
Underwriters are often questioned or even “challenged” about the need for documents like tax returns and corporate financial statements as proof of income for disability applications. Here’s information on why we need financial information for all types of insurance.
Premium financing free insurance is too good to be true
Most insurance is sold in the traditional manner, to protect a family or business against loss of income in the event of death, disability or illness. Products are designed with various features including ‘accumulation’ which allows savings within the product on a tax advantaged basis.
Automatic underwriting and your insurance applications
Manulife is introducing automatic underwriting for life and critical illness insurance applications. Soon, our system will automatically assess clients using a set of “rules” that will allow it to make an underwriting decision without an underwriter seeing the application.