Illness and Injury Guidelines
This guide has been developed as an aid to better help field agents understand the type of illnesses and/or injuries that may qualify for “impaired risk” underwriting of life contingent immediate annuities.
Life contingent annuities are those annuities that pay benefits for:
- Life only
- Life and Period Certain
- Temporary Life Contracts
Keep in mind, the illness and/or injury needs to be significant enough to classify the annuitant as table 4 or higher in order for medical underwriting to impact your case.
For purposes of obtaining a favorable underwriting decision, we must receive Attending Physician’s Statements, Hospital Discharge Summaries, Illness Diagnosis and recent Medical Examinations.
Please Note: No insurance company will reimburse the cost of medical documentation for annuity underwriting purposes.
The following is a partial list of illnesses and injuries that may help you qualify your case:
|Cancer (Metastasized) other than skin cancer||Paraplegia|
|Heart Disease including by-pass/valve replacement||Brain Injury (cognitive diminishment)|
|Renal Failure||Spinal Injury|
|Brain Tumor||Significant Burns (lung injury)|
|Diabetes with complications|
Explain what medical condition affects this annuitant making him/her a good candidate for “sub-standard” annuity underwriting.