When is underwriting necessary for life and disability coverage?
At initial enrollment Life benefits below $50,000 are guaranteed issue. Increases to life amounts following original enrollment need to be underwritten. Regarding disability coverage, agencies of 10 or more do not have to go through underwriting for the first $6,000, however, after original enrollment period, benefit increases in excess of $500 are subject to proof of good health.
At initial enrollment Life benefits below $50,000 are guaranteed issue. Increases to life amounts following original enrollment need to be underwritten. Regarding disability coverage, agencies of 10 or more do not have to go through underwriting for the first $6,000, however, after original enrollment period, benefit increases in excess of $200 for STD and $1,000 for LTD are subject to proof of good health.
