Life Insurers Draw on Data, Not Blood
Life insurers are making it easier to get policies online, often waiving medical exam and instead relying on digital prescription-drug, motor-vehicle and other records
In October, Dan Finkelstein, a 37-year-old father of three, set out to explore buying life insurance. He went online, and to his surprise in about 20 minutes he was the owner of a $750,000 policy.
Just a year ago, Mr. Finkelstein’s purchase would have taken a month and required blood and urine samples and other medical analysis. “I was definitely surprised how easy it was,” says Mr. Finkelstein, a computer systems architect in...
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