Life Underwriter

Indiana Farm Bureau Insurance • Indianapolis, IN

23h

About The Position

The Life Underwriter evaluates life insurance applications by analyzing financial documentation and medical information to determine insurability and appropriate risk classification. This role involves ordering and reviewing additional requirements, documenting underwriting rationale, and ensuring timely case processing. The underwriter applies company guidelines to make final decisions on applications, identifies cases requiring reinsurance consultation, and communicates decisions to agents and internal partners. Maintaining compliance with regulations and safeguarding sensitive information are critical aspects of this position.

Requirements

• Bachelor's degree preferred with 2+ years of insurance industry experience, or equivalent combination of education and experience
• Demonstrates adaptability to learn both traditional and accelerated underwriting processes; comfortable with changing technology and evolving data sources.
• Applies critical thinking skills to assess risk using medical history, prescription data, financial information, and other relevant underwriting factors.
• Develops working knowledge of medical terminology, anatomy, physiology, and pharmacology.
• Communicates effectively with agents, producers, and internal partners to gather information and explain underwriting decisions.
• Learns to manage workflow and prioritize cases based on complexity and service level expectations.
• Documents decisions thoroughly in compliance with company standards and regulatory requirements.
• Actively engages in self-study underwriting development program and continuous professional learning.
• Working towards or completion of ALMI or ALU Level One Certificate; willingness to complete LOMA courses.
• Proficient in Microsoft Office and able to learn company underwriting systems and automated decisioning tools.
• Maintains strict confidentiality and data security.
• Approval authority up to $100,000 (or as determined by management.)

Responsibilities

• Evaluates life insurance applications by analyzing financial documentation and medical information, including lab results, attending physician statements, prescription and medical claims data, motor vehicle reports and other risk factors to determine insurability and appropriate risk classification.
• Orders and reviews additional requirements as needed; documents underwriting rationale clearly and thoroughly in the underwriting system; ensures timely case processing to meet service level agreements.
• Applies company underwriting guidelines and risk management concepts to make a final decision to approve, decline, postpone or rate applications as preferred, standard, or substandard risk, including assignment of table ratings and flat extras where appropriate.
• Identifies cases requiring reinsurance consultation; submits cases for reinsurance review; applies reinsurance treaty requirements and implements reinsurer offers.
• Communicates underwriting decisions, requirements, and rationale to agent and internal partners with clarity, empathy, and professionalism; demonstrates strong technical knowledge while maintaining a customer-focused approach that fosters understanding, addresses concerns, and supports positive business outcomes.
• Properly documents the final decision on life insurance applications to ensure policies are issued or declined accurately, including amendments, riders, and communication to applicants, while adhering to product and company guidelines.
• Maintains compliance with all company guidelines, state/federal regulations, and reinsurance treaty provisions in all underwriting decisions; safeguards personally identifiable information (PII) and protected health information (PHI) through careful handling, secure storage, and strict adherence to confidentiality and privacy requirements.
• Authorizes refunds of premium on those cases where the risk appears excessive or the applicant's age exceeds the limit for temporary insurance.
• Maintains current knowledge of medical conditions, treatment advances, industry trends, and underwriting practices through continuing education and professional designations (LOMA, AALU, FLMI).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees