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 making informed decisions on whether to approve, adjust, or reject risks based on a comprehensive analysis of an individual's medical history, physical condition, occupational risks, financial background, insurable interest, and other relevant information.

Key Responsibilities:

  • Interpret MIB codes and generate reports for the Medical Information Bureau, demonstrating a thorough understanding of MIB code meanings and procedures.
  • Review life insurance applications with face amounts up to $1,000,000 for acceptance or denial.
  • Ensure that all necessary information for underwriting requirements is requested, including re-examinations, special exams, medical reports, database research, investigations, and laboratory studies.
  • Provide assistance for contract modifications and reinstatement underwriting as needed.
  • Prepare training presentations for underwriters or sales agents to support their development.

Additional Information:

  • 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 about once per quarter.

Qualifications:

  • Preferred: 2-year college degree in Finance, Business, or Economics, or equivalent professional experience.
  • 1-2 years of experience in the Life Insurance industry, particularly in sales support or training.
  • Strong knowledge of life and annuity sales is highly desirable.
  • Proficient in Microsoft Word, PowerPoint, and Excel.
  • Excellent verbal and written communication skills.
  • Ability to deliver exceptional customer service.
  • Familiarity with insurance system applications and data.
  • Willingness to work extended hours and weekends as necessary.
  • Self-motivated team player with a results-driven mindset.
  • Demonstrates independence, creativity, and a proactive approach to initiating and executing new projects.

What We Offer:

  • A dynamic and collaborative work environment that allows you to leverage your passion for helping others.
  • Comprehensive medical, dental, vision, life, and disability coverage available from day one.
  • Pension plan.
  • Performance-based incentive plan.
  • 401k plan with company matching.
  • Paid holidays and time off.
  • AAA Basic Membership.

PM21



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