Underwriting Updates Starting 05/10/23

Protective’s Underwriting team works to help you protect the people who rely on your clients. We strive to make our best offer first and we utilize a data-driven approach to find responsible ways to say ‘yes’ more often. 

Starting May 10, we’ll implement updates to our Underwriting guidelines. Here are the highlights:

• Family history: Our Select Preferred criteria will no longer factor in whether a client’s parent or sibling had an incidence of cancer, heart disease or cardiac condition prior to age 60 – only whether they died prior to age 60. This means more clients with a family history of cancer or heart disease will qualify for Best Class.
• Dual manual approach for build: We’ll discontinue our internal build chart in favor of using the best result from either of our reinsurance manuals. Credits can be applied in some cases with other favorable risk factors.
• Senior build: Making minor adjustments to Select Preferred and Preferred build cutoffs for applicants aged 71 and up.
• Improvements to PLUS Accelerated Program throughput: We’re making some changes behind the scenes to help more cases qualify for fluidless underwriting, including accelerating more cases at Preferred rates.

Stay tuned for more detailed information as the launch date approaches.