What Is APS (Attending Physician Statement (APS))?

Why it matters

Carriers order an APS when answers show a condition that needs detail, or for larger policies. It can slow approval by weeks. Applicants sign a release so doctors can share records. Records must be accurate and complete. Many simplified plans avoid the APS, but the carrier may still ask for one.

Source: naic.org

Related terms

Underwriting: Underwriting is the process a carrier uses to review an application, judge the risk, and decide whether to offer coverage and at what price. It looks at health, age, habits, and history.
Underwriter: An underwriter is the carrier professional or automated system that evaluates an application and decides whether to accept it, rate it, postpone it, or decline it.
Health Questions (Knock-Out Questions): Health questions are the application questions a carrier asks about medical history. Knock-out questions are the ones where a yes answer makes the applicant ineligible for that plan.
Paramedical Exam: A paramedical exam is a brief health check done by a nurse or technician, often at your home or work, for a life insurance application. It usually includes height, weight, blood pressure, and blood and urine samples.
Postpone: A postponement is an underwriting decision to delay an offer until a later date, usually because of a recent illness, surgery, or pending test result.

All 241 terms

Attending Physician Statement (APS) (APS)

Why it matters

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