Impaired
Risk Immediate Annuities
Illness and Injury
Guidelines
This
guide has been developed as an aid to better help field
agents understand the type of illnesses and/or injuries
that may qualify for "impaired risk" underwriting of
life contingent immediate annuities.
Life
contingent annuities are those annuities that pay
benefits for:
-
Life only
-
Life and Period Certain
-
Temporary Life contracts
Keep
in mind, the illness and/or injury needs to be
significant enough to classify the annuitant as table 4
or higher in order for medical underwriting to impact
your case.
For
purposes of obtaining a favorable underwriting decision,
we must receive Attending Physician's Statements,
Hospital Discharge Summaries, Illness Diagnosis and
recent Medical Examinations.
Please Note:
No insurance company will reimburse the cost of medical
documentation for annuity underwriting purposes.
The
following is a partial list of illnesses and injuries
that may help you qualify your case:
| Illness |
Injury |
| Cancer (Metastasized) other than
skin cancer |
Paraplegia |
| Heart Disease including
by-pass/valve replacement |
Brain Injury (cognitive diminishment) |
| Renal Failure |
Spinal Injury |
| Brain Tumor |
Significant Burns (lung injury) |
| Mental Retardation |
|
| Diabetes with complications |
|
| HIV/AIDS |
|
| Cystic Fibrosis |
|
Please explain what medical
condition affects this annuitant making him/her a good
candidate for "sub-standard" annuity underwriting?
|
