Earlier this week, Flex Underwriting was introduced in 35 states.  In a nutshell, Flex Underwriting provides you with an opportunity to accelerate the speed of underwriting for the Asset Care product.

Submitting business via eApp is the ideal way to utilize the power of Flex Underwriting.  Not only will the eApp be ensure that it is submitted in good order (IGO), it will help direct the underwriting path (straight-through, light touch, or full underwriting).  You will also note that Part 2 of the application is enhanced for “reflexive questioning” that can be completed by either the client or writing agent.

Underwriting timeframes will be dependent upon the complexity of the case.  For fully underwritten cases, there is an expectation that there will be an improvement in cycle times by 30% or greater.  Here are a few FAQs for Flex Underwriting.

Flex Underwriting is most advantageous to you when an application is submitted electronically, however, there are changes to the paper process as well.  They are as follows:

• On October 6 – an updated application Part 1 (form I-36865) for the Flex approved states will be required.
• On October 27 – updated application Part 1 (form I-36865) in Indiana will be required.
• The Illumifin interview will be the only Part 2 option available for paper applications in any state.
• OneAmerica Financial will handle ordering all requirements for Asst Care cases going forward.

Remember, applications submitted prior to October 4 will not be included in Flex Underwriting.  If you need assistance, please contact Kelley Hilliard at kelleyhilliard.isp@oneamerica.com or at (844) 623-4251.