Reminder: Recent Underwriting Enhancements

We’ve recently made some enhancements to our Principal^® Accelerated Underwriting^SM programs. Here are the details. 

We’ve made an adjustment to the Random Holdout (RHO) program for Accelerated Underwriting. The RHO program helps monitor Accelerated Underwriting quality and ensure favorable mortality results. We’ll now collect underwriting information electronically rather than by ordering an insurance exam. Here’s how the process works: 

• A small random sample of cases that qualify for Accelerated Underwriting will be held out (the same as in the past), and the underwriters will order Electronic Health Records on the applicants rather than insurance exams.
• If no Electronic Health Records are available for an applicant, the case will be approved through Accelerated Underwriting without the need for labs and physical measurements.

This process will provide a better experience for your clients and also enable greater speed and efficiency.