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  • Writer's picturePeter C. Ciravolo

2021 - Looking Ahead! BC Brokerage - January Newsletter

Happy New Year to You!

As we look into 2021, we wanted to let you know of a few trends that we are seeing in the insurance industry at the start of the New Year:

Accelerated Underwriting Programs Continue to Expand

We will continue to see the growth of accelerated underwriting programs. Many of the carriers have improved and increased their policy limits across the board, allowing for less medical exams. Credit scores, electronic doctors records, and many other advancements have transformed the underwriting process and allow for a less invasive underwriting experience.

Paperless Experience

With more accelerated underwriting programs, clients are able to take advantage of telephone interviews and secure data forms to decrease their outside contact and need for medical exams. With everything going online and electronic, we are now able to offer our clients and advisors a 100% paperless experience on new business processing (we will still need wet signatures for beneficiary changes, etc).

Electronic Medical Records - Decreasing Underwriting Time

The medical record process can easily be the longest piece of the underwriting process. The average turnaround time is around 30 days for a copy service to go out, scan the records, fax them to the underwriter, and then have the underwriters review the records.

Thankfully, there is a new provider out there called Human API where it allows the client to set up a secure link between the underwriter and their doctor's office for access to their medical records online. This now makes it possible for an underwriter to review medical records the same day the client creates their link. We will continue to see Human API become more mainstream throughout 2021 and beyond.

Foreign Travel

Foreign travel during COVID-19 times are no longer automatic declines with many insurance carriers. There can still be a 14 day wait from last possible trip and all upcoming trips must be disclosed on application - this varies to carrier to carrier.


As we look into 2021, here are a few updates and trends here at BC Brokerage:


Our website continues to grow and become more of our resource. Check out our blog here!

Policy Audits

Clients have had more time on their hands to review their finances since COVID-19 started. Help them review their dusty policies or those that they were oversold on. At BC Brokerage, we can pull in force illustrations, shop out coverage and premiums, and get your clients on the right track to completing their financial plan. You can securely upload a current policy here to get a policy audit started.


These are a few of the updates that we have seen in the first few weeks of 2021 throughout the insurance industry. We will continue to update you on our social media, newsletter, and website accordingly. Give us a follow!

If you worked with us in 2020, we thank you for your support and look forward to working with you in 2021. If you are new or have been following us for a while but haven’t reached out, we would love to meet you. Schedule a time below for a virtual coffee with us.

Here’s to 2021!

BC Brokerage, LLC | 765-730-7146

PO BOX 441032 Indianapolis, IN, 46244


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