Those still on our Underwriting Superhighway might still qualify for the Lab-Free Decision shortcut.
The LGA Underwriting Superhighway
Where the rubber meets the road
Our flexible Underwriting Superhighway widens to offer more people the protection they need — and forks to let them reach a decision as quickly as possible.
Expanding coverage
We don’t expect applicants to be perfect. While others might turn your clients away because of certain medical conditions or financial history, we keep them on the road to a decision.
Accelerating the process
We leverage advances in medicine, technology, and data utilization to improve, enhance, and accelerate the risk-selection process.
- Ways we can make applying easy
- Digital application
- Advisor-Assisted application
- Digital AppAssist with a client interview
First stop, Instant Decision
Our goal is to get 40% of all applicants a decision as soon as they hit “Submit” through automated underwriting.
How it works
While completing the application, we run health and other background checks. Through computer-generated data and predictive analytics, decision-making technology evaluates risks. Artificial intelligence (AI) assesses eligibility and guides the decision.
Transparent process
Those who qualify will get an Instant Decision. Those who don’t will know right away that they did not meet the Instant Decision criteria.
- What information do we utilize for an Instant Decision?
- Age
- Weight/height
- Social Security number
- Lifestyle habits (driving history, international travel, occupation, tobacco use, etc.)
- Financial information (annual income, credit history, etc.)
Skip the lab work
Over 70% of the time, we can take a shortcut and avoid new lab work altogether with the help of accelerated underwriting.*
How it works
We substitute lab work with electronic or traditional medical records to shave off valuable days from the process.
What we may need
Aside from the application information already obtained for Instant Decision, we can come to a Lab-Free Decision with electronic health records (EHR), an attending physician statement (APS), or lab results provided within the last 18 months.
- Accelerated underwriting options
- No exam or APS
- APS only
- EHR only
The last mile
Some clients may go the distance, requiring full underwriting from a living, breathing underwriter who collects extensive medical and financial information, including results from required lab work.
Our mission
At LGA, we want to protect more families and businesses through life insurance. We’ll work with you to do everything possible to offer protection for your clients.
Why term life insurance?
No other national life insurer offers more term life options than LGA. Our products provide the best financial protection for meeting short-term needs like paying debts, replacing income and covering expenses.
- Why LGA?
- #1 U.S. brokerage term life insurance provider based on new coverage*
- $1B in claims paid every year
- 4,200+ families and businesses across the country were beneficiaries of Legal & General America policies in 2021**
Frequently asked questions
We get it. Underwriting gets our wheels spinning too. So let’s review a few topics that people usually want to know more about.
Our digital application is the fastest, easiest method to apply for life insurance. It offers
the best chance for an accelerated, lab-free experience.
Automated underwriting is essentially technology that is leveraged throughout the application journey to do the mundane tasks that an underwriter would normally do, such as ordering requirements, evaluating data sources, and in some cases running rules to make a decision.
Even if a client does not qualify for automated underwriting, they can still apply through a
lab-free journey if they meet eligibility requirements. Medical records may need to be
obtained, but it’s still a shortened, easy lab-free process.
This is determined when the automated underwriting platform instantaneously evaluates a case
and provides a real-time offer or decision once an application is submitted.
Lab Lift is our exam substitution program. With Lab Lift, clients who are not initially approved for Instant Decision can replace their paramedical exam requirement with EHR or APS for accelerated underwriting.
EHR stands for “electronic health records” and APS stands for “attending physician statement.” We substitute these records for paramedical exams, whenever possible, for accelerated underwriting decisions. We will try to obtain an EHR first, but will obtain an APS when the EHR is not available.
Accelerated underwriting is for men and women between the ages of 20 and 60, offering up to
$2M of
face amount, any term duration. Things that could disqualify an applicant include weight,
chronic or long-term illness, major medical condition, recent bankruptcy, and other factors
related to health and finances.
Instant Decision: Immediately upon receiving a submitted application.
Lab-Free Underwriting: As little as 10 days with sufficient EHR.
Full Underwriting: As quickly as two weeks, depending on receipt of necessary records and exams.
Lab-Free Underwriting: As little as 10 days with sufficient EHR.
Full Underwriting: As quickly as two weeks, depending on receipt of necessary records and exams.
The road ahead
The road continues
Those continuing on the Underwriting Superhighway can still qualify for our Lab-Only Decision or move onto Full Underwriting.