Accelerated Underwriting Life Insurance [Top 10 Best Companies]

life insurance accelerated underwriting

Automated Accelerated Underwriting Life Insurance

The single greatest hurdle for life insurance companies in the process of turning a prospective client into an actual client is to get him or her to take a medical exam. As a result, many companies are innovating using technology and moving towards accelerated underwriting as a way to streamline the process of applying for a life insurance policy now and into the future.

The following article discusses the current companies at the top of the class when it comes to innovative online life insurance solutions for 2017 and beyond, as well as point out some of the key trends that are changing the life insurance underwriting landscape heading into the future.

Accelerated Underwriting definition: an innovative new approach to the more traditional life insurance underwriting that supplants the medical exam with phone interviews and background checks, including the medical information bureau, prescription database and motor vehicle. The entire underwriting process is accelerated resulting in much faster approval times, sometimes in 24 hours or less.

Some companies will only provide accelerated underwriting if you qualify for the top health rate class. Others are more forgiving and will still allow you to avoid a blood draw even if you are not in tip top shape.

Each company offering accelerated automated underwriting has its own requirements. You can view the different companies below.

We here at TermLife2Go understand this “New Wave” of technology and embrace it by giving our clients access to some of the “best” accelerated underwriting carriers out there while still being “available” for that personal touch that so many people want when it comes time to making any important decision like purchasing a life insurance policy. For more information, please give us a call today.

Top 10 Best Accelerated Underwriting Companies and Policies

The following section highlights the current trendsetters in the innovative automated accelerated underwriting life insurance marketplace, in no particular order. Yes, we realize there are 12.

American National Xpress Plus

American National accelerated underwriting

American National‘s accelerated underwriting product is called Xpress Plus. It is a new product and sets American National apart in the world of advanced underwriting.


  • Up to $1,000,000 face amount up to age 50
  • Up to $500,000 ages 51-60
  • No automatic medical exam
  • No tele-app required
  • All underwriting classes available

Principal Financial Group’s Accelerated Underwriting Program

principal-financial-group_accelerated underwritingPrincipal Financial Group set the stage over the last few years with the company’s accelerated underwriting program. Accelerated underwriting is available on all of the company’s products including term life, universal life, indexed universal life, variable universal life, and survivorship universal life.

The accelerated underwriting program consists of the initial agent screening, followed by an application, and wrapping up with a TeleApp interview. According to Principal, 50-60% of preferred and super preferred applicants typically qualify without having to take an exam.

  • Available for face amounts: $50,000 up to $1,000,000
  • Simple application and phone call interview
  • Available for preferred and super preferred rate classes
  • Ages 18-60

Brighthouse Financial Enhanced Rate Plus

Brighthouse Financial Enhanced Rate PlusMetLife’s retail business spin-off became its own separate company under the name of Brighthouse Financial. Brighthouse offers a program called Enhanced Rate Plus, which allows you to improve your health rate class, get approved in one week, without having to undergo a paramed exam or provide blood work.

Brighthouse Financial offers it Premier Accumulator Universal Life policy under the Enhanced Rate Plus program for ages 20-60 and face amounts from $100,000 up to $1,000,000. All you do on your part is engage in a 20-40 minute phone interview to see if you qualify.

  • Phone interview
  • Ages 20-60
  • Face amounts $100,000 – $1,000,000
  • UL policy that builds cash value
  • Chronic and Terminal Illness Rider
  • Waiver of Specified Premium Rider

Sagicor’s Accelewriting

sagicor simplified issue life insurance

Known by many in the accelerated underwriting life insurance world, Sagicor is another company that has helped set the pace. The company refers to its underwriting with no medical exam as “Accelewriting” and is available for term life, universal life and whole life.

Accelewriting allows a client to apply for life insurance with no medical exam or telephone interview. The client simply provides an e-signature on the application, which is then submitted to Sagicor. Sagicor will then provide an underwriting decision in as little as 1-2 minutes.

  • Rate classes: Preferred, Standard, Rated, Preferred Tobacco and Standard Tobacco
  • Ages 18-65
  • Face amounts: Term $50,000-$500,000; UL $25,000-$400,000; WL $25,000-$250,000

North American Company for Life and Health

North-American-Life logoNorth American Company entered the accelerated underwriting market in a big way with its LifeVue simplified issue life insurance policy. The policy is available in 15, 20 and 30 year terms. Approvals are fast, with some in 30 minutes or less.


For ages between 18 to 50 and with face amounts starting at $50,000 and going up to $500,000 available for accelerated underwriting without having to undergo a paramed exam, North American is a great option for those looking for the fastest life insurance approvals.

Foresters Advantage Plus Whole Life Insurance

Forester’s provides no exam whole life insurance, that offers cash value growth and dividend payments. You can read more on this company in our review of Foresters Financial.

  • Available for ages 16-55
  • Face amounts $25,000-$400,000
  • Paid Up Additions
  • Guaranteed death benefit protection
  • Guaranteed fixed premiums
  • Guaranteed cash value
6 Available Rate Classes
  • Preferred Plus Non-Tobacco
  • Preferred Non-Tobacco
  • Non-Tobacco Plus
  • Non-Tobacco
  • Tobacco Plus
  • Tobacco

Banner Life Insurance’s APPcelerate

banner-life-appcelerateLegal and General through Banner Life and William Penn offers the company’s version of accelerated underwriting called “APPcelerate”.

How the process works: The client speaks with the agent. The client then speaks with the company’s call center staff for the application interview. Based on the interview, the client may qualify for lab free underwriting free from a paramed exam. Alternatively, if the client does not qualify for APPcelerate, a paramed exam will be required.

  • Face amounts from $100,000-$500,000
  • Available for ages 20-50
  • Rate classes available: Preferred Plus, Preferred and Standard Plus

SBLI’s Accelerated Underwriting

SBLI-accelerated underwritingA new arrival on the scene, SBLI’s Guaranteed Level Premium Term offers clients the opportunity to get fully underwritten insurance without an invasive in-home visit regardless of health risk class you qualify for. Instead, SBLI uses a simple application process with a telephone interview for all underwriting classes.

  • Face amounts $100,000-$500,000
  • Available for ages between 18-60
  • Available for all underwriting health classes
  • Electronic or paper application
  • Available in all states except NY and MT

Minnesota Life WriteFit Express

Minnesota Life offers accelerated underwriting on term life, whole life and select universal life policies for around $250,000 face amounts and under. The policy does not require labs and 24 hour approvals are possible. Ages are dependent on the product and your age, with age 55 being the maximum age available.

WriteFit Express available on the following:
  • Advantage Elite Select Term Life
  • Secure Protector Whole Life
  • Secure Accumulator Whole Life
  • Orion Indexed Universal Life

Lincoln TermAccel

lincoln lifeelements level term

Lincoln Life TermAccel offers convertible term life insurance for 15, 20 and 30 years. The policy offers an automated review of ID check, motor vehicle records (MVR), prescription database (RX) and medical information bureau (MIB) a short tele-app interview, vitals and physical measurements (height/weight/blood pressure/fluids), no APS.


Fidelity Life RAPIDecision Express

Fidelity Life RAPIDecision ExpressThanks to innovative accelerated underwriting, Fidelity Life has created an excellent niche product with its RAPIDecision Express. Rapid Decision Express is a simplified issue level term life insurance product that can provide an approval for you in as little as five minutes, with most approvals in as little as 48 hours.

RAPIDecision Express requires that you simply answer a few health questions to find out if you are approved or not. You don’t have to waste time with medical exams, tests, processing. There are virtually no waiting periods.

With Rapid Decision Express you can elect term lengths of 10, 15, 20 and 30 years. Once the initially term expires it becomes annual renewable term (ART). This allows you to renew the policy until age 95, but with increased premiums due to the growing cost of insurance as you age.

Petersen International Underwriters

PIU offers insurance products that most insurers either cannot offer or won’t offer. From high amount accidental death insurance including dismemberment, to disability insurance for individuals, groups and businesses, to medical plans, international term life insurance, all the way to kidnap and ransom insurance, Petersen fills a much needed void in a continually shrinking international business landscape.

Are there advantages to taking an exam?

There are distinct advantages to taking an exam versus not taking an exam. One of the most notable reasons for choosing to take a paramed exam would be due to a pre-existing condition. For clients that are considered high risk, taking an exam will provide a carrier with more information to work with, which in turn may increase your likelihood of getting covered and at a competitive rate.

Where do we go from here?

Currently, there is a limited amount of no paramed exam policies available in the marketplace. However, the trend appears to show that more and more carriers are exploring the accelerated underwriting life insurance policy marketplace. What we can expect in the future is more innovation and more product offerings that do not require a paramed exam.

As computer AI increases along with availability of “Big Data“, insurance companies are positioned to make risk predictions about a client without performing a medical exam, which is why we are seeing these companies now, not only compete price wise, but in some cases offer more competitive rates than fully underwritten carriers.

The marketplace is changing not only with life insurance but in other industries as well. Consider two examples from the mortgage industry and Financial Services industry.

Rocket Mortgage

Quicken Loans recently introduced an innovative, online system for mortgage loans. Rocket Mortgage does all the underwriting through the use of public and private databases.


And if you are in the market for artificial intelligence financial advice, look no further than Pefin. Here is an excerpt from the company’s website:

Pefin uses AI to make decisions with your money, just like a human advisor would. The AI Brain is a neural network that understands hundreds of financial relationships. For a single financial projection that spans 80 years, the network evaluates and monitors 2M-5M data points for you.

In much the same way that mortgages and financial advice are relying on gobs of available data to make decisions, so too will life insurance companies.

Will life insurance agents become obsolete?

As with any industry, the need to evolve and change with current technology will create both opportunities for early adapters, as well as roadblocks for those who fall behind. Adaptable agents will flourish, as the need to place each client with the appropriate product will continue. However, captive agents with limited options may find that the marketplace no longer has room for the “one size fits all approach.”

A 21st Century Life Insurance Agent will need to evolve to become more of a facilitator and knowledge resource for clients. Having a thorough understanding of the different companies and product offerings available is a must. Agents will need to stay abreast of the latest product offerings and be able to align each client with the specific policy tailored to each client’s unique need, health and lifestyle.

No More Need for Face-To-Face Meetings

The future of life insurance has brought about many technological changes that remove the need for face-to-face meetings. Although some companies still require agent and client meetings, most do not. Instead, many companies have opted for e-signatures or docusign via the internet, as well as voice signatures over the phone.

Seek out an Agency rather than a Captive Agent

A captive agent must offer you products from his or her company. Also, be aware of many of the larger agencies, such as Select Quote and Matrix Direct, which represent only a handful of companies.

The key to finding the best life insurance quotes is to use an agency that represents multiple carriers. TermLife2Go works with the top fully underwritten carriers, top no medical exam companies and the top final expense and burial insurance companies.

About TermLife2Go

We work with each client with the specific goal of finding the best company and policy—for you—based on your unique need, health and lifestyle. We do this by listening to our clients, asking the right questions and then directing our clients to the most appropriate companies.

So, what are you waiting for?  Give us a call today or visit our Instant Life Insurance Quotes page and see what we can do for you!

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