There are four possible outcomes for any life insurance application.

  • See the video transcript below

Video Transcript:


Drew Browne, Specialist Financial Adviser @sapiencefinancial


There are four possible outcomes for any life insurance policy application.

Number one - it can be accepted at Standard Rates - now this means that the price that was quoted in the premium is the price you'll pay, the standard price.

The second outcome is where premiums are Loaded with a medical rating that might be because of a medical situation or an occupational situation where the risks have to be managed.

The third outcome is that a policy can be Delayed from finishing because we haven't yet received the medical reports or the assessments that we require to be completed.

And of course, a policy can also be Declined. A Decline can be because a medical situation is beyond what's possible to manage or an occupational category is beyond what's covered by that insurer.

Either way, that's why you use a professional insurance advisor to help you navigate successfully through these four possible outcomes for your policy.

---end transcript---

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