Symetra announces accelerated underwriting guidelines
As the COVID-19 situation continues to evolve, Symetra recognizes the difficulty in obtaining client exam’s and APS’s. That;s why they are pleased to announce their accelerated underwriting solution. These changes will allow them to offer:
| Ages | Maximum Coverage | Risk Classes |
| 18-50 | $2 million | Standard through Super Preferred |
| 51-60 | $1 million | Standard through Super Preferred |
This program is now in effect and applies to the permanent life insurance products.*
How this program works
You will need to only submit a completed application (both Part I and Part II) and they will run an MIB, Rx, and MVR.
If this information yields a Standard or better risk class, an offer will be made.
For cases that are submitted through this program that do not receive a standard or better offer, they will reach out and attempt to fully underwrite the case.
You should continue to submit business as you normally would, and their underwriters will follow the guidelines detailed above if they meet the above criteria.
They will continue to welcome large cases, and will continue to fully underwrite business where an exam and APS are available.
They are committed to their guiding principles of Value, Transparency, and Sustainability and feel that their accelerated underwriting and Adobe signature programs align with these goals. They look forward to continuing to enhance their underwriting and new business capabilities, as ease of doing business is of paramount concern and focus for Symetra.
As always, they will continue to monitor the COVID-19 situation on a regular basis and revisit these guidelines as the marketplace normalizes.
*Please note, the accelerated underwriting guidelines currently do not apply to the high-net-worth foreign national program. The Chronic Illuness Plus rider is also not available for cases placed through this program.