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| June 29, 2009: CAN: Sun Life Financial underwriting enhancements... |
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Effective June 29, 2009, Sun Life Financial introduced changes that reduce underwriting requirements, increase processing speed, and reduce the impact on customers. These new age and amount changes include: · Removing MVRs (Motor Vehicle Record) below $2.5 million of life insurance. · Replacing medicals with paramedicals for clients less than age 66 and amounts up to $5 million for life insurance. · Introduction of Vitals (the measure of the client’s height, weight, blood pressure and pulse) as a new evidence type. These changes will result in less evidence being required in about one third of life cases and half of all critical illness insurance applications – a positive step that will ensure Sun Life Financial underwriting remains a leader in the very competitive Canadian market place. |
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