ANICO, American National Insurance Company has announced an expedited application process for its life insurance products called the Underwriting Express program.
ANICO, says the new program will help speed up the time it takes to process life insurance applications. The program will utilize Standard and Substandard classes only, and will be available for applicants 65 and under for face amounts up to $250,000 on certain life products. ANICO will continue to fully underwrite and offer preferred rates on certain other ANICO products or with face amounts over $250,000.
ANICO's underwriting express program will leverage third party databases in gaining information on applicants. This streamlined process will eliminate the need for traditional and invasive underwriting requirements for many applicants. According to the press release on ANICO's website, applicants not meeting certain guidelines may encounter additional requirements which will be ordered by the underwriter. These processes may include a short telephone interview with an underwriter or possibly a paramedical exam.
The ANICO Underwriting Express will allow for much faster service as cases may be issued within three business days through this process. American National Insurance Company offers multiple ways to submit applications, which also helps reduces the application cycle time. In addition to these new time conserving features, the agents will still receive full commissions.
Beyond life insurance products, ANICO also offers annuities, health insurance, credit insurance, and property/casualty insurance.
