Impaired Risk Review: Crediting Systems
Once upon a time, being a standard risk in the underwriting process was the best you could hope for. It meant that your health was at the top of the group of insured lives being considered and eligible for the best rate, and that you would live all the way out to the prediction of the actuarial life tables. Now, life insurers have created a whole tier of preferred and super preferred pricing that makes a standard issue almost seem like a rated policy.
The Revolution in Impaired Risk Underwriting
Insurers have developed mathematical algorithms to determine where they can speed up the underwriting process
Impaired Risk Review: Gestational Diabetes
Gestational diabetes is a term used to describe diabetes or abnormal glucose tolerance discovered during pregnancy. While many women enter pregnancy with a diagnosis of diabetes (whether on medication or not), gestational diabetes is used to describe diabetes that is diagnosed in the second half of pregnancy.
Impaired Risk Review: Ventricular Premature Beats
Not everyone who has PVCs needs to see a cardiologist, or has a serious health problem, but some do and those are the ones underwriters look at most carefully.
Impaired Risk Review: Informal Applications
Sometimes agents, brokers and even applicants would like to have a general idea of how their insurance application will proceed before an official submission is made. There are all sorts of reasons for this, which may include whether their medical condition is insurable, whether their finances or accompanying information qualify them for the coverage they are requesting, and, if the application is going to be rated, to what degree and what kind of resulting premium they can expect. An informal application allows the underwriter (and often the doctor) to review information that would be submitted as part of the application and give a good idea of the risk assessment to follow.
Impaired Risk Review: Pancreatic Cancer: Still a Killer
Much progress has been made in combating cancer, but pancreatic cancer still sticks its ruthless head up as an actually increasing and an equally deadly one. In 2016, The American Cancer Society estimates almost 55,000 new diagnoses of pancreatic cancer will be made and 42,000 deaths will ensue.
Impaired Risk Review: Insurance for an Organ Donor
The miracles of transplant surgery have given so many whose body organs have failed a new lease on life. Heart, liver and kidney transplants are no longer experimental procedures done with fingers crossed and only temporary results expected. Receiving these organs is a lifesaver for those recipients involved. But what is the insurance fate of organ donors?
Impaired Risk Review: Carotid Stenosis
The carotid arteries are the two large blood vessels you can feel the pulse of in your neck that bring oxygenated blood to the brain. Narrowing or blocking of these arteries can cause life threatening consequences, including a major stroke.
Impaired Risk Review: Cancer of the Bladder
Bladder cancer is now one of the 10 most common cancers in the United States and the second most common urological cancer. Men are four times as likely as women to develop it, but women more frequently have advanced disease at the time of diagnosis. The mean age of development is about age 65 and can range from benign easily treated lesions to invasive cancer.
Impaired Risk Review: Bradycardia-Tachycardia Syndrome (Sick Sinus)
Bradycardia-tachycardia syndrome, or sick sinus syndrome (SSS), is actually a collection of diseases where the heart is no longer able to effectively perform its regular pacemaking duties.