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AffordableInsuranceProtection.com

What is the application process?

What is the application process and what type of medical exam is required?

Once all of your questions have been answered and you are ready to move forward with the disability insurance policy or life insurance policy that is right for you, we will call you to complete the application together over the phone. Insurance applications are not the easiest documents to complete and we make it easy for you by completing all of the necessary forms for you. All required forms will then be e-mailed or sent via the United States Postal Service to you for your review and signature. Once we receive all completed forms back from you, everything will then be sent to the appropriate insurance company to go through the underwriting/review process. The underwriting process, which typically takes anywhere from 6-8 weeks, is a review of your application, financial documents, medical exam results, and your physician's records to determine your eligibility for the insurance plan that you have applied for. 

A medical exam, paid for by the insurance carrier, is required for most disability insurance and life insurance companies. This process can be completed in your home or any other convenient location. The exam takes about 15-30 minutes and is conducted by a licensed paramedical or medical doctor. An exam generally involves a blood and urine specimen, blood pressure reading, height and weight measurement, a series of questions regarding your medical history (past or upcoming surgeries, treatments and any other past or current medical conditions. You will also be asked for the names and addresses of any doctors you are currently seeing or have seen in the last five to ten years) and sometimes an EKG depending on the amount of insurance you are applying for.

Below are some helpful tips for your medical exam as well as an insurance timeline so that you have an idea of how the process works.
 
Medical Tips (if an exam is applicable)
1.  Get a good night's sleep before the exam.
2.  Try to fast at least 12 hours before the exam - this will help your cholesterol and blood sugar levels.
3.  Wear a short sleeve shirt.
4.  Try to refrain from drinking caffeine or alcohol and engaging in any strenuous activities for at least 12 hours before the exam.
5.  Have your driver's license available.
6.  Have your personal doctor's information available (i.e. business address, telephone numbers, etc).
 
Insurance Application and Underwriting Timeline
Day 1-10
- Application is sent to you and a Paramed exam date has been tentatively scheduled (if applicable).
 
Day 10-11
- Review the application for accuracy. 
 
- Sign and date where highlighted on the application. 
 
Day 12 - 17
- You have completed your paramedical exam (if applicable).
 
- We receive your completed application in our office for processing.
 
- Your application package is sent to the insurance carrier for underwriting review.
 
Day 18-30
- The insurance carrier is underwriting your application. They may request information from your doctor. Sometimes there is a delay in your doctor's office response time and this can add an additional week or two to the underwriting time.
 
Day 31-36
- The policy is approved and sent to our office for inspection. 
 
Day 37-42
- The policy is sent to you. 
 
- There may be forms to sign and premiums to be submitted. Please do not hesitate to get that information back to our office, so that you can start enjoying your disability insurance protection immediately.
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AffordableInsuranceProtection.com
Financial Solutions Group, Inc.

1311 S. Main St., Suite 208
Mt. Airy, MD 21771

Toll-Free Phone: 1-800-995-6532
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**Page information taken from various sources including, but not limited to "From Here To SecuritySM", The National Underwriter Company, National Safety Council, The Society of Actuaries, Social Security Forum, New York Post, Association of Health Insurance Advisors, Health Insurance Association of America, With Permission © Insurance Information Institute, Inc. - ALL RIGHTS RESERVED - or otherwise noted** 



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