Be Aware of Changes to Xpress Underwriting
Starting 12/1, American National has made additional improvements to its popular Xpress accelerated underwriting program. This new change applies to all life insurance applications for ages 0–65 and face amounts $100,000 to $249,999. You don’t need to do anything.
These innovations took effect for all applications received beginning on 12/1/2021. There are no changes to Xpress Underwriting for face amounts under $100,000 or to Xpress Plus for face amounts $250,000 and over. These changes will increase the number of applications that are approved without a medical exam or APS requirement by 61%!
Changes to expect:
- Prior to 12/1, the need for a medical exam has been determined based on the answers to the application, MIB, prescription history report and the Risk Classifier.
- Beginning 12/1, the Risk Classifier will no longer be part of the determination on whether a medical exam is needed. The need for a medical exam will now be based on the answers to the application, MIB and prescription history report.
- Beginning 12/1, the Risk Classifier will now be incorporated into the determination of the rate class.
You can read more details about Xpress and all of our underwriting guidelines for all ages and face amounts at our website: Underwriting Resources (anicoweb.com)