UNDERWRITING FREQUENTLY ASKED QUESTIONS
WHAT IS A CLIENT FAST FACT?
A Client Fast Fact is BC Brokerage's accelerated application process form. All applications go through this process to insure quality control. Once a client fast fact is completed, applications are submitted within 24 business hours - guaranteed.
DO I NEED TO TAKE A MEDICAL EXAM?
If you are between the ages of 25-60, applying for less than $1,000,000 of life insurance, and are Standard health or better, there's a good chance you won't need a medical exam. At BC Brokerage, we pride ourselves on having a quick and smooth underwriting process.
HOW IS YOUR BUSINESS DIFFERENT FROM OTHER AGENCIES?
100% Virtual and Paperless
Your interests first
We leverage our carrier relationships for our clients
IS MY INFORMATION SECURE?
We pride ourselves on our security. All of our forms are secure and are connected directly to our CRM management system. We pride ourselves on being paperless and virtual.
WHAT DO UNDERWRITERS LOOK AT?
When an application is submitted, the insurance carrier will review:
All parts of application
Motor Vehicle Report (MVR)
Prescription Rx Database
Medical Information Bureau (MIB)
WHAT HAPPENS AFTER I'M APPROVED?
If you are approved as applied or better than applied, we will go ahead and draft the premium and complete the delivery receipts.
If you are approved but at a health rating lower than we quoted or recieve a decline, we will investigate the rating and see if another carrier is capable of making a better offer. If an offer is accepted, we will draft the premium and issue the policy.
We also will check in annually to make sure your policy doesn't need any updates or changes made.