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HomeLife InsuranceIncorporating ScriptCheck into your Last Expense underwriting course of

Incorporating ScriptCheck into your Last Expense underwriting course of

Why are insurers utilizing Last Expense?

Drug2As we speak, there are greater than 35 million People age 65 and older. That features 10,000 Child Boomers who flip 65 each day and this development will proceed for a minimum of 15 extra years.[i]  Moreover, there are 95 million People who should not have life insurance coverage[ii], and roughly 36 million individuals who should not have any financial savings, retirement financial savings or investments.[iii]

So what occurs when one in all these people with no life insurance coverage, no financial savings, and no retirement financial savings passes away and their household is left with the bills incurred for a funeral? Many insurance coverage carriers supply a Last Expense product to cowl this rising phase of shoppers.

Last Expense is a life insurance coverage product that may be bought to cowl funeral and burial prices in addition to payments and debt. They’re issued as small face quantities and most are lined below simplified situation underwriting.

How ScriptCheck can help you in your underwriting of Last Expense

In keeping with the LIC/CSG Last Expense 2013 survey report, 46% of Last Expense merchandise incorporate a prescription historical past examine. When issuing a life insurance coverage coverage to somebody over the age of 65, likelihood is they’ve a better checklist of prescribed drugs than a youthful particular person.

By means of ScriptCheck®, you possibly can construct a extra full profile in your applicant.* We work with among the largest pharmacy profit administration (PBM) corporations within the nation and have developed unique relationships that assist seize a extra complete overview of your applicant’s prescription drug historical past. We’re the one supplier that represents 85% of the PBM market share. Moreover, roughly 40% of upkeep drugs are mail in orders which might solely be pulled via a PBM.


  • Saves time permitting underwriters to make quicker selections
  • Flags regarding remedy
  • Eliminates pricey human errors
  • Interprets giant quantity of information into actionable info for an underwriter

Moreover, via our huge knowledge product providing, we will present further companies that may aid you construct your applicant profile. We are able to full a well being historical past cellphone interviewpresent a real-time, scored motorized vehicle report, and supply a QuestCheck® and MIB report.

Whereas Last Expense merchandise are smaller face quantity insurance policies, it’s extra vital than ever to precisely assess threat and to make sure truthful and applicable mortality assumption. Contact Beth Millay at right now to be taught extra.

*ExamOne requires prior written consent from insurance coverage candidates, which seems within the HIPAA-compliant authorization that’s a part of the insurance coverage utility. The authorization have to be signed and dated previous to accessing the data.

[i] US Census Bureau


[iii] Social Safety Administration



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