THE EXPLOSION IN
A C CELERATED
ANOVEL HYBRID APPROACH to simplified life underwriting has exploded onto the indus- try landscape. Each passing
month finds several more carriers rolling
out what has come to be dubbed “acceler-
ated underwriting” (AU).
What is this phenomenon that has
suddenly captured the imagination of so
many life insurers? A bit of history helps
put AU into perspective.
Over the past decade, the number of life insurers offering simplified coverage has steadily
increased. In the 2016 Simplified Life Survey
(undertaken by the author) encompassing 95
carriers, 67 were currently offering one or
more of these products, and an additional 20
anticipated doing so within the ensuing year.
The bulk of this coverage is issued at ages 18 to
45 and for face amounts up to $250,000.
The core underwriting concept fueling the