SBLI - New Accelerated Underwriting Process

 

No Paramed Visit. Period.

Effective Monday May 23, 2016 (slightly later than anticipated) SBLI will be introducing a new accelerated underwriting process, leading the way in progressive underwriting and providing the ideal combination of convenience and value to make life easier for BGAs, brokers, and consumers.


 

SBLI's New Accelerated Underwriting Process

  • All level term cases with a face amount of $500,000 or less, ages 18 to 60, and all risk classes will be underwritten without a paramedical exam.¹ These cases will benefit from faster decisions, faster processing time, and faster commission payouts from the accelerated underwriting process! Click on the ‘New Accelerated Underwriting Process’ button below. 
  • The new accelerated underwriting process will be supported by two application submission options — drop ticket or paper. In either situation, Part 2 is completed over the telephone by EMSI or APPS. Therefore, to take advantage of our new accelerated underwriting process, you need to have an account with one of these fulfillment centers. To set up an account or update your existing account to view the status of your applications during this phase of the process, please click on the ‘Fulfillment Center Contact Information’ button below.

 

SBLI's New Term Rates

  • In conjunction with this new process, SBLI is introducing new term rates on May 23, 2016. Rates for cases that benefit from accelerated underwriting ($100,000 - $500,000) will have some slight increases to mitigate the greater mortality risk and a $12 increase in policy fee. You will find us to be most competitive in the $100,000 to $249,999 and $500,000 ranges. Rates for all cases above $500,000 are unchanged. New rates will be available for quoting on SBLIAgent.com, iPipeline, Compulife, ApplicInt, and VitalTerm on May 23. Our transition rules are provided below. Be sure to let your agents know.

 

New Accelerated Underwriting Process

 

Fulfillment Center Contact Information

 

Transition Rules

 

1Some applications may necessitate additional underwriting requirements.
 
For the education of producers/brokers only. Not for use with the public. Products and features may not be available in all states. Please share this only with agents appointed to sell with SBLI. Policy Form Series #B-56. The Savings Bank Life Insurance Company of Massachusetts. © 2016 All rights reserved. NAIC #70435