Impaired Risk Annuities

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:

Illness Injury
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)
Mental Retardation
Diabetes with complications
HIV/AIDS
Cystic Fibrosis

Explain what medical condition affects this annuitant making him/her a good candidate for “sub-standard” annuity underwriting.