Benefits of simplified underwriting according to consumers in the U.S. 2018-2020
In 2020, 66 percent of life insurance policyholders said that the most beneficial element of simplified underwriting was how fast and easy it is. However, this is a decrease from 2018 when 72 percent of policyholders said the same. Simplified underwriting requires no medical exam and is suitable for younger, healthy candidates who meet certain criteria, such as no recent history of bankruptcy and no criminal record.