AIG Life is adopting IRESS' enhanced quote service which allows partial underwriting by asking optional questions on height, weight and waist size as part of the quotes service.
By using the extra information at quote stage, AIG Life will be able to give advisers and their customers a more accurate price up front. Advisers can answer the extra questions for the first or second lives, neither or both. If they do opt to enter the extra information then they'll also have to give their occupation details. Andrew Simon, executive general manager, product, IRESS, said "Through IRESS solutions, intermediaries can now process protection products for clients with a high BMI, more simply and with a far greater degree of certainty around cost at the point of sale. ...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.