LIFE INSURANCE The Life Underwriting Guide NOVEMBER 2014 Life Underwriting at MetLife. Competitive. Responsible. For Producer or Broker/Dealer Use Only. Not for Public Distribution. Our Vision To contribute to growing MetLife’s The Life Underwriting business by making appropriate Guide provides an overview decisions that: of the client acquisition • Are competitive in the marketplace process, field underwriting • Enable producers to outpace the competition guidelines, routine life • Ensure MetLife will be here when insurance underwriting our clients need us requirements and general information. Circumstances of a particular case may cause changes or additional requirements to be ordered. All underwriting guidelines are subject to change. What’s New • New Preferred underwriting guidelines on page 12 • New MetLife QuickPredictSM field underwriting tool on page 13 For Producer or Broker/Dealer Use Only. Not for Public Distribution. TABLE OF CONTENTS Medical Underwriting Requirements Types of Medical Exams ......................................................................................................................................................................... 3 General Medical Exam Procedures.......................................................................................................................................................... 3 Paramedical Vendors ..................................................................................................................................................................................... 4 Joint Life Policies .................................................................................................................................................................................... 4 HIV Informed Consent Forms ................................................................................................................................................................. 4 Routine Attending Physician Statement Guidelines ................................................................................................................................. 4 Ordering an APS Online ......................................................................................................................................................................... 5 Prescription History Database ................................................................................................................................................................. 5 Shelf Life of Underwriting Requirements ................................................................................................................................................ 6 Non-Medical Underwriting Requirements Telephone Surveys, Consumer Reports and Motor Vehicle Records ......................................................................................................... 6 Financial Underwriting Guidelines Financial Underwriting Requirements ..................................................................................................................................................... 7 Income Replacement Sales ..................................................................................................................................................................... 7 Estate Conservation Sales ...................................................................................................................................................................... 7 Safe Harbor Amounts ............................................................................................................................................................................ 8 Income Guidelines ................................................................................................................................................................................. 8 Net Worth Guidelines ............................................................................................................................................................................ 8 Dependency Guidelines .................................................................................................................................................................... 9-10 Underwriting Guidelines Investor Owned Life Insurance ............................................................................................................................................................. 10 Retention and Reinsurance .................................................................................................................................................................. 10 Applications Information ...................................................................................................................................................................... 11 Criteria Guidelines: Elite Plus and Preferred Classes (Nonsmoker and Smoker) ................................................................................................................. 12 Standard Class Criteria ..................................................................................................................................................................... 13 Family History — Cardiovascular Disease and Cancer ........................................................................................................................... 13 Routine Medical Care .......................................................................................................................................................................... 13 Height and Weight Limit Table ............................................................................................................................................................. 14 Foreign Risks ........................................................................................................................................................................................ 15 Citizens of a Foreign Country Who Reside in the United States ....................................................................................................... 15-16 Foreign Residents ............................................................................................................................................................................ 16-18 Foreign Travel ................................................................................................................................................................................. 18-20 Military Personnel ................................................................................................................................................................................ 21 1 For Producer or Broker/Dealer Use Only. Not for Public Distribution. Nicotine/Tobacco Use Guidelines .......................................................................................................................................................... 21 Adverse Underwriting Decision Letters ................................................................................................................................................. 22 Temporary Insurance ............................................................................................................................................................................ 22 Policy State and Application Forms ....................................................................................................................................................... 22 Submitting an Application Traditional Underwriting ...................................................................................................................................................................... 23 Traditional Underwriting With Tele-App ............................................................................................................................................... 23 Underwriting Programs MetEdge Facultative Reinsurance Program ........................................................................................................................................... 23 Term Conversions ................................................................................................................................................................................ 24 External Term Conversion Program .................................................................................................................................................. 24-25 Group Conversion Checklist ............................................................................................................................................................... 26 Managing Your Cases ..................................................................................................................................................................... 27-28 1035 Exchanges ................................................................................................................................................................................ 29-30 Replacement Forms by State ........................................................................................................................................................ 31-32 Customer Verification Documentation of Owners .................................................................................................................