Fully Underwritten Clause Samples
Fully Underwritten. An application must be completed by the proposed insured. A medical exam and inspection report are required for each proposed insured, as well as other underwriting requirements at the discretion of the underwriter.
Fully Underwritten. Maximum Face Amounts (Automatic Issue Limits) For any policy to be reinsured under automatic reinsurance, the initial and ultimate face amount will not exceed the limits shown in the following tables: US/Canadian Residents - No Foreign Travel: ----------------------- ---------- ----------------------- --------------------- -------------------------- Non-Smoker/ Smoker Issue Age No Substandard Rating Rating Class A-D Class E-H ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- Non-Smoker 18 - 65 $40,000,000 $37,000,000 $24,000,000 ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- 66 - 70 $32,000,000 $29,000,000 $18,000,000 ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- 71 - 75 $24,000,000 $22,000,000 $12,000,000 ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- 76 - 77 $12,000,000 $12,000,000 $ 8,000,000 ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- 78 - 80 $ 8,000,000 $ 8,000,000 $ 4,000,000 ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- 81 - 84 $ 4,000,000 $ 4,000,000 None ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- Smoker 18 - 65 $34,000,000 $34,000,000 $24,000,000 ----------------------- ---------- ----------------------- --------------------- -------------------------- ----------------------- ---------- ----------------------- --------------------- -------------------------- 66 - 70 $26,000,000 $26...
Fully Underwritten. (Non-Guaranteed Issue)