Updates and improvements
At UV Insurance, the simplified issue process is available for all term and permanent life insurance products including the Credit Insurance Rider. With these features, two types of issue will now be available: The Express Issue now available for term and permanent products starting at $10,000, and the Immediate Issue already available from $150,001 for term products. 10-year term life insurance will be available starting at $25,000.
The fast application process, which is popular with advisors, remains the same. A client must qualify using the eligibility questionnaire, available in the electronic application and under the Resources for advisors section of the website.
The Immediate Issue, launched two years ago for term life insurance products under $500,000, is also still available.
A unique offer on the market
Usually more expensive than traditional life insurance, UV Insurance’s simplified issue life insurance is the only one on the market to be offered at competitive rates for products with the same features as those fully underwritten.
This alternative can be particularly attractive to people who may not otherwise qualify for Regular underwriting due to health problems or certain lifestyle habits. UV Insurance also accepts applications that have been declined, rated, modified or deferred by other insurers.
UV Insurance’s simplified issue process launched a few years ago was part of a major technological shift. “The My Universe platform has already proven its worth in terms of functionality, but we continue to look for ways to improve it. Our team is attentive to the needs of its network of advisors. We want to make our processes even simpler, and also to simplify the presentation to make life easier for our advisors and their clients. These new features are proof of that,” says Guillaume Fauteux, Vice President Business Development and Marketing, Individual Insurance and Retirement-Investment at UV Insurance. “Our flexibility and agility are tremendous assets that allow us to keep things simple,” he concludes.
UV Insurance will be offering training sessions for advisors to review the benefits of the improved simplified issue process and provide details on the update.
About UV Insurance
Founded in 1889, UV Insurance is one of Canada’s oldest insurance companies. It has become well known for its financial stability and customer service to the local community. With its high-tech platforms, UV Insurance offers a range of individual and critical illness insurance, group insurance, and investment and retirement products. It has made its mark over the years by focusing on innovation, flexible products and a vast network of independent advisors. Headquartered in Drummondville, the company serves the Canadian market.
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For more information
Julie Thomassin
Senior Advisor, Communications
UV Insurance
jthomassin@uvinsurance.ca.
819-478-1315, ext. 2244