Advisors Blog

COVID-19 Updates: Insurers Eliminate Exam Requirements for More Clients

Published on April 01, 2020




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To our friends and partners,

First and foremost, we would like to extend our thoughts and support to everyone affected by the COVID-19 pandemic – not only those diagnosed with the virus, but those that have been impacted by the subsequent business closures and general service disruptions. During these uncertain times, we want you to know that we are still open and ready to assist you with all of your insurance needs.

As we navigate the changing landscape of this situation, we would encourage you to take advantage of submitting business electronically, where possible, and to make use of our GBSLife Agent Portal to access carrier applications, requirements, and other documents.

Our teams are closely monitoring the situation, and are staying in contact with carriers and service providers alike, ensuring that your cases are receiving the same attention they would under normal operation. The well-being of our clients is of utmost concern at GBS and we are committed to providing you with up-to-date information and support. For insight regarding how carriers and vendors are responding to COVID-19, please click the link below. We encourage you to visit this page frequently as carriers are constantly making updates to their guidelines.

Stay safe, and please contact us for any questions or concerns you may have.


No-Exam Limit Increased to $2.5M for Qualifying Clients

Effective March 24th, for any pending or newly submitted formal applications, Principal is temporarily offering additional solutions to underwrite without exam requirements for those that meet the following criteria:

For ages 18-40, face amounts from $1M-$2.5M:

For ages 41-60, face amounts from $1M-$2M:

  • Case meets regular Accelerated Underwriting guidelines for eligibility.
  • Applicant has had a complete physical, including labs, with all results normal within the prior 24 months.
  • We can confirm the exam and lab results through digital health data.

No Exams Needed on More Disability Cases

Effective immediately, the individual disability insurance (IDI) underwriting department at Principal is expanding its underwriting guidelines to eliminate more exams and labs. These changes will be effective through May 31. No physical measurements and labs are needed for up to the amounts listed below:

  • Disability Income: $10,000/month
  • Business Overhead Expense: $25,000
  • Disability Buy Out and Key Person: $1,000,000

Executive Underwriting Program with No-Exam up to $20M

Lincoln's Professional Advantage Program is an executive underwriting program featuring a no-lab, no-exam process for up to $20 million in life insurance coverage for executive or professional clients, and their spouse, who have had an executive physical conducted within the last 18 months.


Possible No-Exam for Clients up to Age 70 and Face Amounts up to $5M

Effective immediately, Symetra has updated their underwriting guidelines for applicants up to age 70 and face amounts of up to $5 million, will be considered on a case-by-case basis where an exam cannot be completed, but has had a complete physical exam with blood work within the past 12 months. Click below for more details.




We at GBS Insurance thank you again for your business. For more information or insurance quote requests, please contact your brokerage manager or give us a call at (800) 473-5966

For agent use only - not for use with the general public.

Corporate CA License No. 0D87913


21820 Burbank Blvd., Suite 301

Woodland Hills, CA 91367

Phone: (800) 473-5966

GBS Insurance and Financial Services, Inc. do not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

© 2020 Arthur J. Gallagher & Co. 




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