Disability Insurance

The advent of electronic health records (EHRs) brings to mind a story I like to tell. I was developing a ruleset for an automated underwriting rules engine 20 years ago when the IT director brought up a point during dinner. He said, “You underwriters really like your medical records. Well, I need them in an electronic data format with a dedicated field containing diagnostic codes. Then I can use those codes to assign an automated risk class.”

It’s a scenario that may be familiar to you: You and your client have decided to apply for an individual disability insurance (IDI) policy. You have the client’s signature; the application is submitted. You’ve worked with your general agent to ensure the application is ready for underwriting, and you feel good knowing you’ve helped your client realize that income is an asset worth protecting.

http://www.lifehealthpro.com/2016/04/26/5-ways-to-ensure-your-next-idi-s...

Recreational diving is a very popular sport and it is frequently disclosed by people applying for Life and Disability insurance. As scuba diving is very diverse in its practice and may harbor a variety of risk factors, it can be a very challenging risk for insurance underwriters to assess.

http://www.genre.com/knowledge/publications/uwfocus15-2-beijer-en.html