Advanced Life Underwriting


Definition of "Advanced life underwriting"

Erika Larios-Grimaldi
Erika Larios-Grimaldi La Rosa Realty LLC

Process of analyzing complex personal and business cases according to tax and estate planning requirements to determine life insurance needs. The family life agent or underwriter normally does not become involved in complex business or personal cases, but draws on the expertise of the advanced life underwriter when needed.

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Popular Real Estate Terms

Excess Interest

Amount credited to the cash value of an insured's life insurance policy above the minimum interest rate it guarantees. This payment is of extreme impo ...

Guaranteed Interest Rate Fixed Account

Account in which a predetermined interest rate is paid for a predetermined period of time. For each contribution that is paid into the fixed account, ...

Aggregate Limit

Maximum dollar amount of coverage in force under a health insurance policy, a property damage policy, or a liability policy. This maximum can be on an ...

Attained Age

Insured's age at a particular point in time. For example, many term life insurance policies allow an insured to convert to permanent insurance without ...

Flexible Funding

Arrangement whereby the insured pays the insurance company a relatively small monthly premium payment. In exchange for this premium payment, the insur ...

Cleanup Fund

Component of necessary coverage determined by the "needs approach" to life insurance for a family. It is intended to cover last-minute expenses as wel ...

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