Underwriting
Underwriting at 21st Services is a multi-step process that is consistent and comprehensive
in its approach to senior life expectancy evaluation. As part of that process, a contracted medical
professional and in-house underwriting experts review all medical files and other relevant data to
arrive at a determination that is, in turn, subjected to a rigorous quality assurance review.
Mortality Tracking
21st Services excels in the post-purchase mortality monitoring of insured individuals
throughout North America, Europe, the Pacific Rim and Latin America. Generally, this on-going
process is done quarterly through the insured's physician, with the insured individual directly
or through their designated contacts.
Death Claim Submission and Collection
21st Services will notify the Client and insurer of an insured's death, and arrange to
obtain a death certificate and other documentation, prepare forms, route materials to the appropriate
parties for review and facilitate other communications as necessary. We have filed claims in the
United States, the United Kingdom, and Germany, and we have secured satisfactory proof of death in
a variety of international circumstances. To date we have had 100 percent positive claims experience.
Premium Payments and Premium Monitoring
We can make premium payments from a dedicated account funded by the client or simply monitor and confirm
receipt of payments made by the Client or another party. Premiums payments can be projected on a
forward-looking basis to allow the Client to make cash flow projections and, when desirable, to make
premium payments in advance.
Updated Medical Records
For insureds under active mortality tracking, 21st Services will at our Client's request, update medical
records where a valid medical release exists and transition the new records directly into the life expectancy
re-evaluation system. |
We have redesigned our
Life Expectancy Certificate. |
Our underwriting process
produces a Life Expectancy
Certificate. We have
completely redesigned our
certificates. Click here to
see a sample.
The new certificate
provides customers with
more information in a
more accessible format.
In addition, customers get
new options for projecting
changes in the insured's
conditions - changes that
could impact the policy's
value in the future. The
company will begin issuing
certificates in the new
format in July 2008. |
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