John Hancock: 3 New Ways Underwriting is Easier than Ever!

02-26-2024

John Hancock is committed to bringing you modern and efficient solutions that make it faster and easier to do business with them.  Today, they are excited to share three new enhancements that help streamline the underwriting process — and provide your customers with a simplified experience.

1. Eliminating EKGs and treadmill stress tests at all ages and face amounts. Fewer requirements make the underwriting experience less invasive for your customers — and leads to faster turnaround times for you.  The age & amount requirements have been updated to reflect EKG and TST changes

2. Leveraging electronic health records (EHRs) on cases that require traditional underwriting submitted via a digital eApplication platform. In many cases, EHRs provide a comprehensive snapshot of your customers health meaning the details provided can possibly be used in place of a paramedical exam, labs, and/or APS (if applicable).¹

3.Offering Substandard (up to 200%) on cases ages 80 – 85.²
As experts in the older-age market, John Hancock is excited to be able to re-open the rated risk class for this population.

Please give us a call at 800.792.6795 if you have any questions.

1. Electronic health records will be considered for cases submitted via a preferred digital platform that require traditional underwriting, and the proposed insured is 18-70, applying for up to and including $5M. There are no extra steps you need to take to help ensure eligible clients are considered for this process.

2. 86-90 will only be considered for Standard or better risk classes.