Manulife expands accelerated underwriting for life insurance

As of July, 29, 2017, Manulife will offer accelerated underwriting for the following life insurance products for clients aged 18 to 45 and coverage amounts up to $1 million:

• Family Term
• Family Term with Vitality
• Business Term
• Manulife UL
• InnoVision
• Security UL
• Performax Gold
• Synergy
• Term insurance riders on Universal Life, Whole Life and Synergy

Read: Why you need to help millennials understand life insurance

With accelerated underwriting, clients can expect:

• reduced medical underwriting (no fluids or biometric testing);
• for the application process, a single meeting (no medical appointment needed); and
• sooner decisions.

Also read:

New seg fund rules could reduce taxes for investors

How life insurance can still protect clients, despite tax changes

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.