Monday, March 5, 2018

Midland National Introduces WriteAway Accelerated Underwriting

Midland National Life Insurance Company is now offering a faster, less invasive way to apply for a life insurance policy with WriteAwaySM Accelerated Underwriting. This process includes an online application and phone interview, and it can eliminate the need for lab tests and examinations.

Different than the underwriting process for many policies, WriteAway allows customers meeting certain qualifications to submit an application through Midland National’s ExactApp® system. If an applicant meets the requirements, they will proceed to a brief phone interview and typically receive a decision within about 48 to 72 hours. “We know that today’s life insurance customer not only wants affordable protection, they want it approved quickly and they don’t want to submit lab tests and exams,” said Rick Gordon, vice president, corporate underwriting for Sammons Financial Group, an affiliate of Midland National.

WriteAway is currently available for term life insurance products, and Midland National expects to offer it for additional products later this year. Learn more about this new process.