Principal Underwriting
Principal makes use of a novel life insurance coverage underwriting method. They decide in case you’re eligible or not by utilizing knowledge with a 3 prong method.
Principal will get the wanted underwriting knowledge from these 3 sources:
- DMV (Division of Motor Autos)
- Medical Info Bureau
- Treatment/Prescription database
So long as you’re a wholesome applicant with none main driving infractions, you need to qualify.
What precisely is wholesome? In case your medical historical past is clear and free from coronary heart illness, most cancers, diabetes, stroke, and so forth. and your prescription historical past isn’t important – you need to have an awesome probability of qualifying. How about your driving report? You’ll be able to solely have a most of two tickets previously three years.
What in case you’re not in glorious well being or have a preexisting well being situation? You greater than possible received’t qualify for Principal’s Non Medical choice and must take a medical examination to qualify for his or her time period life merchandise.
*You probably have a dangerous well being situation or pastime, there are different life insurance coverage firms that may be a greater match.