What is medical underwriting?
When you apply for coverage you have to fill out a health statement questionnaire for each member of the family. Based on the information you provide the Insurance Company will: • 1- Accept all or certain family members. • 2- Accept certain family members with limitations. • 3- Increase the price by changing the rate fm preferred to standard. • 4- Exclude certain preexisting conditions or • 5- Decline the application More than 60% of all applications are accepted without been up rated or having exclusions. What is an exclusion or preexisting condition? The Underwriter at the Insurance Company may accept an application but exclude coverage for preexisting conditions. For example, you may have had recent knee surgery and the insurance company will accept your application excluding all claims related to your injured knee. Such exclusions may last for a specific period or time or the life of the Policy. I am 67 years old. Can I apply for coverage? Yes. Up to the age of 65 the company will
