| Details,
Details!!
The person who will make the final
decision on your disability insurance application is a human being.
As such, they can be influenced by the way you present yourself.
An application with short answers simply stirs more questions in
an underwriters head. When you fill out an application, go overboard
on the details. The more details you give, the more familiar your
underwriter will feel with your case. Familiarity breeds confidence,
so give us as many details as possible wherever possible. |
|
Filling Out an Application
A disability insurance application is extremely comprehensive. The
insurance company will want to know detailed information about your
employment history, duties of your regular occupation, your financial
history, and your medical history. It is vital to understand that
you must disclose everything, you do not want to hide any item from
the insurance company. Even if you think the item is insignificant,
the insurance company may not think so.
The Parts of The Disability
Income Application
Each of the following areas has a section within the disability
insurance application. The insurance company wants to know
everything they can about you in the following three areas:
 | Occupational Duties
| Financial Ability
| Medical Evaluation
| | |
What to do?
The application is really quite simple, just answer the questions
the insurance company asks you. The more detailed your answers
are, the quicker we will be able to complete your underwriting
process. If you give us details on the application, we may not
need to follow up with your physician, or with yourself during
underwriting. The more details you can give, the better! Remember,
tell us about everything, even the items you have forgotten about
because you think they are insignificant.
Examples of Conditions We Take
Seriously
The following items are some of the most commonly omitted items on
a long term disability income insurance application. For some
reason people think we don't care about these items, actually we
care very deeply about each one. The following conditions could
result in a rider, declination of application, or increased
rating.
| Mental & Nervous Counseling
| Any Chiropractic Adjustments |
|
Use
of anti-anxiety medications like Prozac or Zoloft.
| Laser Surgery for Vision
Correction
| | |
The goal of the application is to have
the underwriter approve it for the amounts applied. The best way
to do this is to make the underwriter feel comfortable with you
as a client. Details are one of the easiest ways to accomplish this
task. Feel free to use extra sheets of paper to detail specifics
to a medical condition, or to explain why you went from one job
to another last year. Familiarity breeds confidence, and when the
underwriters are confident that they have all the answers they are
looking for, good things generally happen. So feel free to use overkill
on the details, in case you haven't noticed, we are using the same
overkill getting this point across to you. Details, Details, Details!!!
Disability
Income Insurance
|
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| Goal of The
Application The purpose
of all of this is to protect your continued ability to earn an
income. The underwriting process is simply the road we need to
travel in order to fulfill your disability insurance needs.
Remember when you are going through underwriting, this is
something you only want to do one time. If a plan is constructed
well, you should never need to apply again. |
DISCLAIMER |
