Foresters Financial revamps accelerated underwriting, raises limits to $2M

Foresters Financial today announced a significant expansion of its accelerated underwriting (AUW) program in the U.S., effective April 26.

The enhanced program raises face amount limits, broadens eligibility and introduces new digital tools that streamline submission and case management for producers, Foresters said in a news release. Underwriting decisions “remain hands-on with each case being reviewed individually by our team.”

Underwriting has traditionally been one of the slowest, most rigid parts of the life insurance process. Foresters is changing that, with an enhanced AUW program that allows even more applicants to go fluidless, eliminating unnecessary steps and speeding up case issue, the release said. All powered by advanced analytics that support smarter, faster eligibility decisions.

What’s new for producers and their clients

• Higher limits. Accelerated underwriting is now available up to $2,000,000 for ages 18 to 60 and up to $1,000,000 for ages 61 to 65, opening the door to cases with larger face amounts without the traditional wait.
• New pre-screen checklist. A new pre-screen checklist on iPipeline iGO e-App lets producers quickly identify potential AUW eligibility before submission.
• Broader eligibility. More clients may now qualify, including smokers and those taking hypertension or cholesterol medications, helping producers serve a wider range of real-world clients.
• Applies across the medically underwritten portfolio. The enhanced AUW program applies to all medically underwritten Foresters products, including Your Term, Advantage Plus II and SMART UL.

The AUW enhancements arrive alongside the appointment of Paul Greene as Foresters new chief underwriter, a leader focused on building an underwriting experience that reflects how people actually live today, the release said.

“This program says yes to more people, handles bigger cases and gets policies in the hands of clients faster,” Greene said.

The enhanced AUW program extends the Foresters’ mission into the digital age, helping producers close the protection gap faster and helping more families secure meaningful coverage without the delays that have long defined traditional underwriting, the release said.

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