Life and Health Insurance

Underwriting: Enhancement to underwriting requirements

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.