The WriteAway program is a new process for underwriting for your healthiest clients and available on our term and most of our single life permanent products. We use information provided from a phone interview and publicly available data for the opportunity to eliminate a paramedical exam and labs using the same pricing as traditional underwriting with no additional policy fees.
Less Invasive—opportunity for no labs or exams
Simple online application process
Reduced not in good order (NIGO) applications
Faster Underwriting—Clients can have a decision in 48-72 hours!
Full commissions + quicker processing = get paid faster!
How it works
Designed for a phone interview process, the application process for WriteAway is different than it is for traditional underwriting. Step-by-step, here’s how it works:
STEP 1: Discussion
You will complete the application using North American’s electronic application feature, SimpleSubmit® e-app, which will include a few pre-qualification questions to determine if your client is eligible for WriteAway.
STEP 2: Phone Interview
Elite Sales Processing, Inc. (ESP) will call your client within 12 business hours, and your client will answer medical history questions. (Simple Submit has a place to input the client’s phone number and best time to call.)
STEP 3: Notification
No labs needed:
Once a decision is made, notification will be made through your Pending Business report.
PREPARING THE CLIENT
Advise the client that they may be eligible for this program, which will not require labs or paramedical exam, but they will be contacted by a paramedical company if it's determined they are needed. Your client will need to have the following information ready for the phone interview:
Find out if your client is eligible
Who is eligible?
North American will use information from the phone interview, MIB data, prescription reports, and a variety of publicly available data to make the underwriting decision. The publicly available data includes financial and credit information (not credit scores), court records, property records, and a motor vehicle report. This data will be used to determine if your client is eligible for the opportunity to eliminate a paramedical exam and labs.
The databases used are Fair Credit Reporting Act (FCRA) compliant and all information received from them is disclosable to the proposed insured. The insured may work directly with those companies to resolve any question they may have about their records.
|Issue ages||Ages 18–50|
|Face amount||Up to and including $1,000,000 placed enforce or applied for in the last two years.|
|Build||Within the recommended guidelines. See the build chart below.|
|Application format||SimpleSubmit® applications only|
|No major medical and non-medical impairments||See the impairment charts below for eligibility|
|Underwriting classes||Standard (Tobacco and Non-Tobacco users), Preferred (Tobacco and Non-Tobacco users), and Super Preferred. Flat extras may be allowed for avocations and aviation only.|
|Internal replacements||Internal replacement or exchanges are not eligible through this process.|
WriteAway is available in all states* EXCEPT California.
*North American is not licensed in the state of New York.
|No additional or companion policies||Additional and/or companion policies will not be allowed through the WriteAway process.|
How is it determined who is eligible?
Clients age 18-50 who don’t have major medical conditions and who are the best underwriting risks have the potential to qualify for an accelerated underwriting decision. North American will use information from the phone interview, MIB data, prescription reports, and a variety of publicly available data to make the underwriting decision. The publicly available data includes financial and credit information (not credit scores), court records, property records, and a motor vehicle report. This data will be used to determine if your client is eligible for the opportunity to eliminate a paramedical exam and labs. The databases used are Fair Credit Reporting Act (FCRA) compliant.
How will I know if my client is required to submit labs?
You will be notified within 72 business hours through the Pending Business report available from http://www.NorthAmericanCompany.com if your client is required to submit labs. The Paramed and/or lab work will be handled and ordered by the North American team.
View the impairments that would disqualify from WriteAway.
The following impairments are not eligible for WriteAway. For questions pertaining to a specific impairment not list, please contact your up-line.
|AIDS or HIV positive||Heart disease including any heart surgery, heart attack, or angina|
|Alcohol or drug abuse and/or treatment||Hepatitis B or C|
|Aneurysm||High Blood Pressure diagnosed in the last 6 months|
|Anxiety/Attention Deficit Disorder (ADD) – any history of hospitalization; diagnosed within the last 6 months||High cholesterol diagnosed in the last 3 months|
|Asthma — moderate to severe; current smoker; or any history of hospitalization||
|Atrial fibrillation||Overweight or Underweight Build (see build chart below)|
|Cancer — any cancer except for basal cell and squamous cell skin cancer||Rheumatoid Arthritis|
|COPD, chronic bronchitis, or emphysema||
|Crohn’s Disease||Sleep apnea – diagnosed within the last 6 months; not well controlled|
|Depression --moderate to severe; any history of hospitalization; or diagnosed within the last 12 months||Stroke or Mini-stroke (TIA)|
|Emotional disorder—bipolar disorder; schizophrenia; any past suicide attempt||Weight loss surgery in the past five years|
|Bankruptcy filed in the past 5 years||Life insurance that was declined, postponed, or charged an extra premium in the past 5 years|
|DUI or reckless driving in the past 5 years||Visa holder (temporary or permanent)|
|Felony conviction in the past 10 years|
Take a look at the Build Chart for WriteAway.
Applicants outside the minimums and maximums listed below are disqualified for WriteAway Underwriting. However, the application will proceed with traditional underwriting.
Contact us to learn more!
Elite Sales Processing, Inc. (ESP)
Monday - Thursday: 9:00 AM to 10:30 PM Eastern Time
Friday: 9:00 AM to 6:00 PM Eastern Time
North American Sales Support
Phone: 800-800-3656 Ext. 10411
ADDvantage Term (policy form series LS174), Custom Guarantee Universal Life (policy form series LS170), Builder IUL (policy form series LS172), Builder Plus IUL (policy form series LS183), Rapid Builder IUL (policy from series LS176 and LS176W with Waiver of Surrender Charge Option), Guarantee Builder IUL (policy form series LS175), by North American Company for Life and Health Insurance, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Product, features, riders, endorsements or issue ages may not be available in all jurisdictions. Limitations and restrictions may apply.
FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.