Page 26 - iA Excellence -Field Underwriting Guide - Updated on July 2019

Extra premiums (ratings)
iA Excellence’s maximum extra premium for:
• Disability insurance is +100 (200% morbidity)

• Life insurance is +200 (300% mortality)
An extra premium is usually applied when it is impossible to exclude the condition that increases the risk
of morbidity in disability insurance (e.g., height/weight, diabetes, motor vehicle record, alcohol or drug use,
etc.).

Disability exclusion riders and modifications (Notice of discrepancy)
When assessing disability applications, these riders represent the most common method of handling
a medically impaired risk. Exclusion riders are used in underwriting disability insurance whenever it is
possible to do so. By excluding coverage for disability arising from an existing impairment, we are able to
grant insurance against disability from all other causes, instead of simply declining the application.
Modifications could include:
• Smoker rates
• Different occupational class

• Extending the waiting period
• Reducing the benefit period
• Reducing the amount applied for

• Offering a different “own occupation” definition
At iA Excellence, our underwriters will do their best to make an offer before declining or deferring a case.
We offer up to a maximum of:
• Three exclusion riders;
• One modification (waiting period or maximum benefit period, etc.); and

• An extra premium of up to +100%.

Reconsideration
iA Excellence will inform the applicant when a reconsideration of an application is possible, and under what
conditions we will reconsider an application that has been declined, modified, excluded or rated.
In general, reconsideration of an extra premium will require a complete declaration of health, and sometimes
other tests at the underwriter’s request. Reconsideration of an exclusion rider will require information
about the condition excluded provided by a specific questionnaire answered through a phone interview.
For both types of reconsideration, an APS may be ordered.

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