Advanced Life Underwriting
What Does Advanced Life Underwriting Mean?
Advanced life underwriting refers to a process in which life insurance underwriters evaluate complex cases to create policies tailored to the specific needs of an individual or business. This typically occurs when a party has substantial assets, liabilities, and an estate that would be subject to significant taxes upon death.
Insuranceopedia Explains Advanced Life Underwriting
If the party is a business, advanced life underwriting may involve creating life insurance policies that align with and integrate into the company’s business insurance and employee benefit programs. Due to the complexity of the process, which involves many different components, advanced life underwriting is typically carried out by skilled and experienced underwriters. Despite its complexity, life insurance companies can generate significant profits from this process.
