Experienced Life Insurance Underwriter

2 weeks ago


Livonia, Michigan, United States AAA Life Insurance Company Full time

Position Overview:

AAA Life Insurance Company is seeking a skilled Life Insurance Underwriter to assess, evaluate, and categorize risks associated with life insurance applications. This role involves determining the approval, modification, or rejection of risks based on an individual's medical history, physical condition, occupational hazards, financial background, insurable interest, and other relevant information.

Key Responsibilities:

  • Interprets Medical Information Bureau (MIB) codes and prepares data and reports for the MIB, requiring a solid understanding of MIB code meanings and procedures.
  • Reviews life insurance applications with face amounts up to $1,000,000 for acceptance or denial.
  • Ensures that all necessary information to meet underwriting requirements is requested, including re-examinations, special exams, medical reports, database research, investigations, and laboratory studies.
  • Provides support for contract changes and reinstatement underwriting as needed.
  • Develops presentations for underwriters or sales agents to aid in training and professional development.

Important Notes:

  • Mortgage underwriting experience is not applicable.
  • Average call volume is approximately 4-6 calls per day, with regular late-night shifts occurring once every two weeks and Friday night shifts rotated quarterly.

Qualifications:

  • Preferred: 2-year college degree in Finance, Business, or Economics, or equivalent work experience.
  • 1-2 years of experience in the Life Insurance industry, with a focus on sales or strong support and training.
  • Knowledge of life and annuity sales is highly preferred.
  • Proficient in Microsoft Word, PowerPoint, and Excel.
  • Excellent verbal and written communication skills.
  • Strong customer service orientation.
  • Familiarity with insurance system applications and data.
  • Willingness to work extended hours and weekends if necessary.
  • Self-motivated team player with a results-driven mindset.
  • Demonstrates independence, creativity, and initiative in pursuing new projects and opportunities.

What We Offer:

  • A dynamic and collaborative work environment that values your passion for people.
  • Comprehensive medical, dental, vision, life, and disability coverage available from day one.
  • Pension plan.
  • Performance-based incentive program.
  • 401k plan with company match.
  • Generous holidays and paid time off.
  • AAA Basic Membership.

PM21



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