UV Insurance introduces Immediate Underwriting!

In addition to Express Issue, our brand new simplified issue for Term Life increases our offer up to $ 500,000*.

With this novelty, get an immediate decision in a few clicks! Using our simple and intuitive electronic application on My Universe, a 100% online process, unique additional protections, and more.

New | From $ 150,001 to $ 500,000*

Term Superior+ Life Insurance is now available in Immediate Underwriting with no medical exam. No blood test or atteding physician statement required.

*The maximum eligible amount varies according to the age of the insured. Please refer to the underwriting requirements table.

With Immediate Underwriting, it’s like having an underwriter at your fingertips!

Get an immediate decision and a standard or adjusted premium by answering a few questions with your client!

Eligible amounts in Term Superior+ life insurance – Immediate Underwriting

Consult the additional protections available in Immediate Underwriting

The Credit Insurance Rider is also available in simplified issue – Immediate Underwriting, for the 2 and 5 years options, on all Term Life insurance products.

Get an immediate decision by combining Term Superior+ Life in Immediate Underwriting and the Credit Insurance Rider!

*The maximum eligible amount varies according to the age of the insured. Please refer to the underwriting requirements table.

The following Additional protections are also  available in Immediate Underwriting

• Waiver of Premiums in the Event of Death or total disability (WPD & WPDD)
• Waiver of Premiums in the Event of Loss of Employment (WPLE)
• Accidental Fracture (AF)
• Accidental Death and Dismemberment (AD&D)

All of our marketing documents have been reviewed for you!

Find them all in the Documents and Forms section

To help you master Immediate Underwriting, we have reviewed and improved the following marketing documents:

• Term Superior+ Life insurance
• Summary of Products
• Summary of Types of Issue
• Summary of Additional Protections
• Practical Guide – Credit Insurance Rider

The easy-to-issue eligibility checklists have been replaced by eligibility questionnaires (PDF) that can be used with the interactive (PDF) or paper application.

• Questionnaire 1 – Simplified Issue

Available for both Term and Permanent Life in simplified issue, this questionnaire can be used with the interactive application (PDF) or paper application starting at $ 5,000.

• Questionnaire 2 – The Credit Insurance Rider
  • Express Issue ($ 50,001 to $ 150,000) Permanent and term life insurance – Benefit period: 2 years
  • NEW | Immediate Underwriting ($ 150,001 to $ 500,000 *) Term life insurance – Benefit period: 2 and 5 years
• Questionnaire 3 – Additional Protection in Simplified Issue
  • Waiver of premiums (E.P. and E.P.I.D.)
  • Waiver of premiums in the event of loss of employment (A.P.E.)
• Questionnaire 4 – Life insurance – Simplified Issue for children
  • Juvenile 30/100
  • Adaptable in simplified issue for children from 15 days to 16 years old

*The maximum eligible amount varies according to the age of the insured. Please refer to the underwriting requirements table.

With Immediate Underwriting, UV Insurance allows the use of 3 types of applications:

Electronic Application on My Universe

Without a doubt, the easiest process for any advisor. Using the My Universe platform, the illustration will allow you to review the premiums and protections available and the electronic application will automatically guide you to the correct eligibility questionnaire while allowing you to validate the sales process step by step, with  e-signature and an easy way to track new business in your portal. A simple, fast and intuitive solution!

Interactive Application (PDF)

If you prefer to use the Interactive Application (PDF) available on our website, make sure you have the most recent version on hand. It has been updated with new Underwriting Requirements including Immediate Underwriting.

Also, be sure to use the eligibility questionnaires (PDF) required according to the underwriting requirements and the type of simplified issue. They are available in the Documents and Forms section:

• Questionnaire 1 – Simplified Issue
  • Guaranteed Issue
  • Instant Issue
  • Express Issue
  • Immediate Underwriting
• Questionnaire 2 – Credit Insurance Rider
  • Express Issue
  • Immediate Underwriting
• Questionnaire 3 – Additional Protections
• Questionnaire 4 – Simplified Issue for children
  • Juvenile 30/100
  • Adaptable in Simplified Issue for children from 15 days to age 16

Not sure about the e-signature process? Visit our FAQ for all the details

Paper Application

In order to reduce the ecological footprint, UV Assurance has decided not to reprint the paper applications. The paper version of May 2020 is therefore still valid.

To allow you to identify the sections affected by the new features, we have prepared a complementary document to the paper application. You can order the paper version of this addition in order to insert it into the current paper applications. However, this addition is not mandatory as it does not contain information. This is a guide to identify what’s new.

Consult the complementary document

The paper application can also be used in simplified issue with the 4 questionnaires above.

In order to facilitate new business process during the implementation of the Immediate Underwriting, UV Insurance will apply the following rules:

My Universe – Illustrations or applications created before April 7, 2021

Illustrations for Superior + term life insurance between $ 150,000 and $ 499,999*

An illustration created and saved before April 7, 2021 will appear in the list of illustrations with the mention Temporary Superior + (2020-05) in the product field.

You have 2 options:

• Complete the illustration into the e-application with the underwriting requirements of May 2020 and submit it before May 7, 2021;
• Modify the Product field in the illustration for Term Superior+ and take advantage of the Immediate Underwriting with the e-application.

Applications for Term Superior + life insurance between $150,001 and $499,999 *

An application created and saved before April 7, 2021 which has not been submitted will appear in the list of applications with the mention Term Superior+ (05-2020) in the product field of the illustration.

You have 2 options:

• Complete the application and submit it with the underwriting requirements of May 2020 and proceed before May 7, 2021;
• Modify the Product field in the illustration for Superior Temporary + to take advantage of the Immediate Underwritingwith the electronic application.
  • Warning – By modifying the product, you will have to start the entire e-application again with the eligibility questionnaire.

Transitional period – Underwriting requirements

Current Pending Cases

Currently pending cases will follow the normal course of new business.

New Business

For term life insurance between $ 150,001 and $ 499,999 *, UV Insurance will accept applications submitted with the previous underwriting requirements for applications signed before May 7, 2021 and received at our head office before May 15, 2020. During this period, UV Insurance will accept the 2 types of requirements at the request of the advisor, namely

•  Term Superior + life insurance with Immediate Underwriting requirements
• Term Superior + life insurance with Regular Underwriting requirements before April 7, 2021

*The maximum eligible amount varies according to the age of the insured. Please refer to the underwriting requirements table.

General Phone: 1 800 567-0988
Technical support or to obtain an access code:
1-800-567-0988, Ext. 2063
ind.advisor@uvinsurance.ca

Vice President, Business Development and Marketing

Consult our Contacts List (PDF)
Consult our Mailing Address and business hours on the Contact us page