Allianz: Accelerated Underwriting Expansion
Allianz Life Insurance Company of North America (Allianz) is excited to announce that we are expanding our Accelerated Underwriting program to help make doing business with us easier in the current environment.
Accelerated Underwriting has expanded from $1.5 million to $3 million. In addition, Premium Finance business will now be able to go through Accelerated Underwriting, assuming it meets the program guidelines.
Program guidelines remain unchanged:
– Ages 25-60
– Preferred nontobacco or Preferred Plus nontobacco risk classes
– Requirements: MIB, MVR, Rx, UWCRPT and PHI
Until further notice, we will consider any case submitted March 16, 2020 and later that has not yet been referred for full underwriting. Keep in mind, Accelerated Underwriting is not offered for several countries of birth or residence with a higher prevalence of hepatitis B/C. Please contact your underwriter if you have specific questions regarding impacted situations. Full underwriting may still allow the client to qualify for our best risk class.
We understand that we are facing unprecedented times and we remain committed to supporting all of our clients’ and financial professionals’ needs. Allianz will continue to monitor the environment and remain agile to ensure new process changes are communicated as developments continue in the coming weeks.