Advisors Blog

Principal’s Accelerated Underwriting Program requires No Exam and No APS on PREFERRED RISKS only and can get policies issued in days instead of weeks

Program Summary

• Up to $1 Million coverage possible
• NO Exam, NO APS required for Preferred Risks
• Issue ages 18 to 60
• Same competitive Term, UL, GUL and IUL pricing available from Principal.
• Click here to see how strong Principal's Term insurance is.

Three Steps to Success

• Complete the Underwriting Checklist – if all YES answers, proceed.
• Complete the full application including Part A and C and forward to GBS.
• Order a Tele-App phone interview as soon as possible.

Once carrier has received the application and phone interview results, they can make an initial offer within 48 hours

This program requires full underwriting and is not guaranteed issue. Based on application answers, MIB check and underwriter’s discretion – clients not deemed preferred will be asked to complete an exam. Only Preferred Risks should be considered, based on the pre-screening checklist. Please inform clients there is a chance they will be asked for an exam

This program can be used with Principal's Business Owner and Executive Solutions (BOES) platform, an innovative solution for business case underwriting, sales concepts and post-sale administration. Click here for more info on BOES.

Attached is a Pre-Screening Checklist.

The key to the 48-hour approval is to order the Tele-interview immediately and submit the app to GBS as soon as it's signed. Fax or email it to us for same day processing if possible.

The Accelerated Underwriting program is designed for PREFERRED RISK clients only. Others subject to regular exam and APS procedures. Download the attached program guide for more details.

Make sure you ask for Principal quotes on your next Term, UL, Indexed UL or SUL request.