The launch of Chubb Life’s simplified Underwriting Guide – along with a number of updated guidelines – drew strong reader interest this week…
Chubb Life’s new simplified “Essential Underwriting Guide” is now available and the firm has also updated some guidelines.
The insurer says in an adviser update that the new guide provides advisers with “…a simplified go-to reference point for all the must-have information we believe you’ll need when applying for cover with Chubb Life.”
The company says that as part of this release, it’s also updated a number of its guidelines.
Chubb Life states the updates include:
- Changes to support customers taking out Assurance Extra Business Monthly Disability Cover, including the ability to assess up to $6,000 monthly benefit without proof of financials
- Increased Replacement Ratios are now available for customers taking out Assurance Extra Income Protection Cover – Indemnity
- The maximum level of Complete Disablement Cover for dependents aged 16-18 has been increased from $250,000 to $500,000
- The maximum level of Trauma Cover for homemakers has also been increased from $500,000 to $1,000,000
It adds that as announced last month it’s made a number of improvements to its non-medical limits and changes to medical codes – these include reducing the number of medical code categories and removing several mandatory testing requirements.
Click here to download a copy of the new guide.
