What is accelerated underwriting?

Accelerated underwriting, also known as automated underwriting, is a broad term used to classify the two types of non-medically underwritten life insurance: simplified issue and guaranteed issue.

Accelerated underwriting helps sell life insurance to more people due to limiting the amount of requirements that restrict an insurance application from being accepted by an insurance company. These restrictions are due to a fully underwritten insurance policy requiring excellent health at the time of application.

Most people consider a paramedical examination an invasion of privacy, and therefore, want to avoid purchasing fully underwritten pure life insurance and traditional life insurance.

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