Term Life Underwriting: What to Expect

Understand the information insurers may review when evaluating a term life application.

The planning principle

Underwriting can include health history, prescriptions, tobacco use, build, driving history and other information permitted by the carrier and applicable law. Requirements vary by company and coverage amount.

What to review

Accurate disclosure matters. The objective is finding an appropriate carrier and policy structure for the applicant profile.

Reference points

• Application: typically includes identity, occupation, lifestyle and health questions.
• Data review: carriers may use prescription, motor-vehicle and other permitted underwriting data.
• Medical requirements: depending on age, amount and carrier, underwriting may be accelerated or may require an exam or records.
• Decision: an offer may be preferred, standard, rated, modified, postponed or declined depending on the risk profile.

Educational information only. This page is not tax, legal, investment, or individualized insurance advice. Insurance products are subject to eligibility, underwriting, carrier availability, policy terms and state requirements.