Sun Life streamlines life insurance

Toronto-based Sun Life announced it has reevaluated how it underwrites health risks to redesign its life-insurance app and cut down on the amount of instances intrusive-slash-fluid tests are needed. As a result, the insurer expects that more than half of new life-insurance customers will be exempt from testing . If this rings a bell, it’s probably because back home Haven Life and SBLI are two examples of insurers offering life insurance coverage sans medical exams under certain conditions. But that’s not all. Sun Life just became the latest provider to offer life insurance coverage for people living with HIV; joining the likes of Manulife Financial Corp (also in Canada), and AllLife (in South Africa). Bottom Line: some wonder whether cutting out the underwriting upfront will result in fewer claims being approved later on.