RBC Insurance has launched its new long term care insurance (LTC) underwriting guide, designed for use by RBC Insurance reps.
The guide offers comprehensive, detailed explanations of the LTC underwriting process, underwriting requirements, common medications and medical definitions and also includes helpful tips and unique factors that are considered in long term care insurance underwriting.
“RBC Insurance is committed to providing its life insurance representatives with the tools and resources they need to grow their insurance business,” said Neil Skelding, executive VP, life and health businesses, RBC Insurance, in a news release.
“These guidelines represent one of the most comprehensive underwriting reference tools currently available in the Canadian market and we believe that this resource will go a long way towards helping representatives to better assess whether or not their clients are eligible for long term care insurance.”
The guide offers reps to:
- identify diagnoses and conditions encountered on an application;
- understand how a diagnosis or condition may qualify the applicant for coverage when followed by minimum stability periods; and
- identify health conditions that can be insured on a modified basis for long term care insurance.