Note the Automatic Increase Provision Rider, Insured Insurability Rider, and Accidental Death Riders are considered on a non-medical basis so they need not be added to the base amount and other riders in determining the medical requirements.When submitting an individual life application, please follow the guidelines in the Underwriting Overview. CL 45.914.
The amount of insurance includes the current application plus insurance in force with Columbus Life, Lafayette Life and Western Southern Life, issued within the past 2 years. Apply this cumulative amount separately to limits for medicals, blood profiles, H.O.S., EKGs, etc.
Note that the underwriter may request additional tests or requirements if deemed necessary to properly classify the risk.
If the amount of insurance being applied for is within the limits given, the application must be submitted on a Non-Medical basis. Amount of insurance includes the current application plus insurance in force with Columbus Life issued non-med within the past 2 years.
Note the Automatic Increase Provision Rider, Insured Insurability Rider, and Accidental Death Riders are considered on a non-medical basis so they need not be added to the base amount and other riders in determining the medical requirements.
The Supplemental Coverage Rider amount must be added to the Base Policy.
The Company does reserve the right to require a medical or other underwriting requirement if deemed necessary to properly classify the risk.
It will be necessary at times to contact physicians, clinics or hospitals that have provided care for an applicant. Every effort is made to keep such requests to a minimum. The agent can be of great help in this effort by providing the Underwriting Department with accurate details about the nature of medical care, specifically, dates and reasons for care as well as the nature of any treatment and results.
In commenting on "check ups" in particular, be sure to provide the underlying reason. Indicate whether it was done because of a medical problem or was job related, or done yearly or every other year, etc. State also the nature of any abnormal findings and any treatment that was recommended along with the results.
Often, such detail as described above, if complete, will eliminate the need for further inquiry.
Columbus Life orders APSs from the Home Office utilizing a third party vendor.
Fees for medical information and services requested by CL to evaluate the insurability of applicants for new insurance will be paid by CL. Payments are normally sent to medical providers (i.e., exams, APSs, etc.) as the bill or invoice is received. Questions about fee payment should be referred to the Underwriting Department.
Columbus Life uses other insurance companies, as reinsurers, to share the risk on either very large cases or cases involving very complicated or questionable risks. We currently use a First Dollar Quota Share reinsurance for our Nautical Term products and Excess of retention for our UL products.
A percentage of every case is automatically reinsured for our Nautical term Product. This can be as much as 90% or as little as 10%. If we have negotiated a "90% FDQS" treaty as an example, $90,000 of a $100,000 policy will be reinsured.
Columbus Life will typically retain the first $1,000,000.00 of the risk on our UL products and automatically reinsure an excess of the retention based on a scheduled amount with each of our reinsurance partners.
On certain cases, CL may facultatively reinsure the case. On facultative cases, the Company sends its underwriting file to various reinsurers for their underwriting opinion.
Once we send a case to our reinsurers, any offer we may have made prior to that is withdrawn.
Even if the Company uses reinsurance, you and your client will deal only with Columbus Life relative to premium payments, policy changes and claims. Questions concerning reinsurance should be referred to the Underwriting Department.
A Tobacco Abstainer is defined as one who has not used any type of tobacco or nicotine product within 12 months prior to the application date. Tobacco products include not only cigarettes, pipes, cigars, chew, snuff, and dip, but also any form of nicotine delivery system including Nicorette gum and nicotine patches.
NOTE: Occasional cigar use (defined as twelve times or less per year) will be considered as a Non-Tobacco user, provided user tests negative for the presence of nicotine on the urinalysis and has not used any other form of tobacco in the past 12 months.
The following information applies generally to all nonsmoker rates and discounts. These rules and guidelines should be used in servicing existing policies. If you have questions, please contact the Home Office.
Available age 20 through age 70: Life 100, Life 101, Life 102, Preferred Life, Preferred Paid Up at 65, Executive Paid Up at 95, Graded Premium Life, Extraordinary Life, Non-Par Whole Life, Par Whole Life, Executive Whole Life, ART 100, Executive Life, YRT 100, UL Term, and UL 200 Series.
Available age 20 through age 80: UL 300, Explorer, Horizon, Flagship, UL 2000, Life 95, ART, Ten Year Term, Term I, Term V, and Term X.
To qualify, an individual must not have smoked cigarettes during the 12 consecutive months prior to the date of the application.
Individuals who smoke pipes or cigars can qualify.
Policies rated for occupation, aviation, or avocation will be eligible for the nonsmoker discount or rate.
Existing policies issued below age 20 in the 1,100,000 policy series and above can qualify at any age after attainment of age 20 with the Tobacco Use Declaration only. Use age 20 discount regardless of Insured's age at the time the discount is added. Must meet all other policy requirements, including policy plan, minimum policy amounts, etc.
Existing policies issued at age 20 or above at smoker rates when the nonsmoker discount was available (8-1-80 to 1-1-89) may qualify for the discount subject to evidence of insurability and Tobacco Use Declaration on the application.
Existing policies issued at age 20 or above at smoker rates when separate smoker/nonsmoker rates were available (1-1-89 or later) may qualify for the nonsmoker rate with the Tobacco Use Declaration only. The Underwriting Department retains the right to order additional requirements to assure qualification for nonsmoker rates.
An Insured Insurability Option or Term Conversion issued from a policy originally issued without a preferred nonsmoker discount or rate may qualify on the basis of only a Tobacco Use Declaration when the original policy is from the series of policies issued 1-1-89 or later. The Underwriting Department retains the right to order additional requirements to assure qualification for nonsmoker rates.
An Insured Insurability Option or Term Conversion issued from a policy originally issued with a preferred nonsmoker discount or rate automatically qualifies for the nonsmoker rate or preferred nonsmoker discount.
An Insured Insurability Option or Term Conversion exercised as an increase to a universal life policy issued from 8-1-80 to 1-1-89 or as a new policy will require evidence of insurability and the Tobacco Use Declaration on the application if the existing policy was issued at age 20 or above on a smoker basis.
Individuals using marijuana on an infrequent basis will not qualify for nonsmoker rates if marijuana is used within 12 months prior to the date of the application.
Please refer to the Underwriting Overview, CL 45.914 for Preferred Guidelines
Special Class Table Ratings represent expected mortality based on multiples of the standard mortality table as follows. The maximum Table Rating Columbus Life offers on term and individual life UL products is Table 8 (Class H). The formerly issued L95 product may have been issued through Table 16 (Class P).
The Survivor life plans allow one life to be "uninsurable" as long as the second life is no worse than Table 8 (class H).
|
Table |
Class |
Mortality |
|
2 |
B |
150% |
|
3 |
C |
175% |
|
4 |
D |
200% |
|
5 |
E |
225% |
|
6 |
F |
250% |
|
8 |
H |
300% |
|
16 |
P |
500% |
|
99 |
U |
*Uninsurable |
*For use with joint products only.
Extra Premiums differ by age and plan of insurance.
Such ratings are expressed as $5 per thousand, $10 per thousand, etc.
The amount of the flat extra premium does not vary with age and in general does not vary with the plan of insurance. For certain types of impairment, the flat extra premium may be payable only for a temporary period.
It is Company policy not to reconsider a rating on a policy until the policy has been in force for a period of at least one full policy year for UL plans and two full policy years for Term plans.
If you are making a request to reconsider a policy rating, you should submit a change application fully completed including names and addresses of attending physicians and/or medical facilities plus any other information which you feel might help evaluate the insured's risk classification.
Do not schedule medical examinations and/or other tests without prior authorization of the Company.
The underwriting cost of any home office requested exams, EKG’s and lab tests as well any APS requested will normally be borne by the Company.