How Life Insurance Medical Underwriting Works
When you apply for life insurance, you typically need to undergo medical underwriting to be approved for coverage. But what is medical underwriting, what steps are involved, and why is it important to you? Watch this video from New York Life Insurance Company:
Easily apply for life insurance online, typically with no medical exam
To save you time and avoid inconvenience in helping safeguard what matters most, AIChE members can now easily apply for up to $750,000 (depending on age and coverage choice)1 of Group Term Life Insurance from New York Life Insurance Company.
- An online calculator lets you choose a monthly cost you’re comfortable with and instantly see how much coverage it can buy. The rates used to calculate your cost include 30% savings in the form of a premium credit available to you as an AIChE member.2
- The application for coverage is also available online, with no medical exam required in most cases, and an approval decision usually within minutes.
(No need to provide an email address or phone number to see your cost.)
Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Group Policy Forms GMR FACE/G 11082 0, G-29138-0 (10-year LTL) and G-29251-0 (20-year LTL).
1 No medical exam QuickDecisionSM is an online process that allows New York Life to make an underwriting decision on coverage amounts up to $750,000 more quickly. For Term Life Insurance, QuickDecision is available on coverage up to $750,000 for individuals age 49 and under and on coverage up to $500,000 for individuals age 50-64. It is not offered in MT and VA. For Level Term Life Insurance, QuickDecision is available on coverage up to $500,000 to individuals under age 65 for 10-Year Level Term Life and under age 55 for 20-Year Level Term Life. It is not available to residents of MO, MT and UT. If you already have life insurance through the AIChE Member Insurance program, you can apply for additional coverage through QuickDecision provided this amount, when combined with the inforce coverage, does not exceed the $1,000,000 group term life policy maximum or the $2,000,000 all policy maximum.
2 AIChE Term Life Insurance currently includes a 30% premium credit. Although future credits are dependent upon actual claims experience and cannot be promised or guaranteed, the Program has been granting premium credits for years.
3 Including information on features, costs, eligibility, renewability, limitations and exclusions.
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Additional Articles Below
How Life Insurance Medical Underwriting Works
When you apply for life insurance, you typically need to undergo medical underwriting to be approved for coverage. But what is medical underwriting, what steps are involved, and why is it important to you? Watch this video from New York Life Insurance Company:
Easily apply for life insurance online, typically with no medical exam
To save you time and avoid inconvenience in helping safeguard what matters most, AIChE members can now easily apply for up to $750,000 (depending on age and coverage choice)1 of Group Term Life Insurance from New York Life Insurance Company.
- An online calculator lets you choose a monthly cost you’re comfortable with and instantly see how much coverage it can buy. The rates used to calculate your cost include 30% savings in the form of a premium credit available to you as an AIChE member.2
- The application for coverage is also available online, with no medical exam required in most cases, and an approval decision usually within minutes.
(No need to provide an email address or phone number to see your cost.)
Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Group Policy Forms GMR FACE/G 11082 0, G-29138-0 (10-year LTL) and G-29251-0 (20-year LTL).
1 No medical exam QuickDecisionSM is an online process that allows New York Life to make an underwriting decision on coverage amounts up to $750,000 more quickly. For Term Life Insurance, QuickDecision is available on coverage up to $750,000 for individuals age 49 and under and on coverage up to $500,000 for individuals age 50-64. It is not offered in MT and VA. For Level Term Life Insurance, QuickDecision is available on coverage up to $500,000 to individuals under age 65 for 10-Year Level Term Life and under age 55 for 20-Year Level Term Life. It is not available to residents of MO, MT and UT. If you already have life insurance through the AIChE Member Insurance program, you can apply for additional coverage through QuickDecision provided this amount, when combined with the inforce coverage, does not exceed the $1,000,000 group term life policy maximum or the $2,000,000 all policy maximum.
2 AIChE Term Life Insurance currently includes a 30% premium credit. Although future credits are dependent upon actual claims experience and cannot be promised or guaranteed, the Program has been granting premium credits for years.
3 Including information on features, costs, eligibility, renewability, limitations and exclusions.
6723007.1
Additional Articles Below
How Life Insurance Medical Underwriting Works
When you apply for life insurance, you typically need to undergo medical underwriting to be approved for coverage. But what is medical underwriting, what steps are involved, and why is it important to you? Watch this video from New York Life Insurance Company:
Easily apply for life insurance online, typically with no medical exam
To save you time and avoid inconvenience in helping safeguard what matters most, AIChE members can now easily apply for up to $750,000 (depending on age and coverage choice)1 of Group Term Life Insurance from New York Life Insurance Company.
- An online calculator lets you choose a monthly cost you’re comfortable with and instantly see how much coverage it can buy. The rates used to calculate your cost include 30% savings in the form of a premium credit available to you as an AIChE member.2
- The application for coverage is also available online, with no medical exam required in most cases, and an approval decision usually within minutes.
(No need to provide an email address or phone number to see your cost.)
Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Group Policy Forms GMR FACE/G 11082 0, G-29138-0 (10-year LTL) and G-29251-0 (20-year LTL).
1 No medical exam QuickDecisionSM is an online process that allows New York Life to make an underwriting decision on coverage amounts up to $750,000 more quickly. For Term Life Insurance, QuickDecision is available on coverage up to $750,000 for individuals age 49 and under and on coverage up to $500,000 for individuals age 50-64. It is not offered in MT and VA. For Level Term Life Insurance, QuickDecision is available on coverage up to $500,000 to individuals under age 65 for 10-Year Level Term Life and under age 55 for 20-Year Level Term Life. It is not available to residents of MO, MT and UT. If you already have life insurance through the AIChE Member Insurance program, you can apply for additional coverage through QuickDecision provided this amount, when combined with the inforce coverage, does not exceed the $1,000,000 group term life policy maximum or the $2,000,000 all policy maximum.
2 AIChE Term Life Insurance currently includes a 30% premium credit. Although future credits are dependent upon actual claims experience and cannot be promised or guaranteed, the Program has been granting premium credits for years.
3 Including information on features, costs, eligibility, renewability, limitations and exclusions.
6723007.1
