Life and Health Insurance
Underwriting: Enhancement to underwriting requirements
Effective June 5, life and critical illness underwriting requirements are valid for a 12-month period. This enhancement applies to all cases.
Below is a summary table that illustrates the expiry date for each type of requirement:
REQUIREMENT |
BEFORE |
EFFECTIVE JUNE 5, 2014 |
---|---|---|
Urinalysis |
6 months |
12 months – Improved! |
Medical exam |
6 months |
12 months – Improved! |
Paramedical |
6 months |
12 months – Improved! |
Blood profile |
6 months |
12 months – Improved! |
Prostate specific antigen (for men) |
6 months |
12 months – Improved! |
Pulmonary X-ray |
6 months |
12 months – Improved! |
Insurance application |
6 months |
12 months – Improved! |
Tele-interview |
6 months |
12 months – Improved! |
Resting electrocardiogram |
12 months |
12 months |
Stress electrocardiogram |
12 months |
12 months |
Please note that the “Underwriting Requirements – Life Insurance (MIND0084A)” and “Underwriting Requirements – Critical Illness (MIND0085A)” documents will be updated to reflect these changes at the next Illustration Software release.