What are the steps in the insurance underwriting process?
When you apply for a life insurance policy, your application goes to SBLI’s underwriting department, where the process begins. You will be required to take a paramedic examination (at SBLI’s expense) and SBLI may request a copy of your medical records, as well as information from the MIB Group, Inc. (MIB). Once the SBLI underwriter gathers all of this information, a decision will be made about your application for life insurance. You will either be approved for coverage, asked to modify your coverage, or be declined for coverage.
