Annuity Care Underwriting & Prescreening

Earlier this month on Coffee Break, Niki Johnson shared the underwriting requirements for the Annuity Care products.  If you have not taken time to watch the episode, please do. 

As Niki shared, we do underwrite our products.  With Annuity Care products, the underwriting is never more than a phone interview, an MIB check, and a prescription check.  And, if the Annuity Care policy will be “base-only”, underwriting is based off of the application, MIB, and Rx check.

One thing to understand about Annuity Care is that we can work with clients up to age 85.  This allows for more long term care funding solutions to be put in place. 

Another point is that Annuity Care can be more forgiving that Asset Care (and products from our peers).  This gives you an opportunity to locate a solution for some cases that might never come to fruition.

I can’t stress this enough … if you are working with older ages and/or client’s who have health challenges, please PRE-UNDERWRITE the case. 

In less than 24 hours, you can get advice from an underwriter whether to submit an application for consideration or not.  This is not a binding offer and is simply a view of whether or not the client would be considered. 

We’ve provided the following tools for you to use:

Care Solutions Underwriting Guide

Pre-Underwriting Inquiry Form – This is a fillable form that you send directly to our underwriting team to preview a case and secure guidance on whether we can offer coverage, whether the policy would be rated, and what products & riders may be available.

Ineligible Impairments Asset Care – Use this with your client to pre-qualify from a health perspective.

Ineligible Impairments Annuity Care – Use this with your client to pre-qualify from a health perspective. (note: the ineligible impairment list for Annuity Care differs from Asset Care)

Long and the short of this is simple … we want to earn your business.

If you have any questions, please contact either my internal Justin Fox or me.

Justin Fox               justinfox.isp@oneamerica.com                (844) 658-3725

Kevin Fisher               kevin.fisher@oneamerica.com                  (678) 512-9627

And – as always – thanks for taking a few minutes for me.