An Inspection Report is a direct interview with the proposed insured consisting of varying questions based on age and face amount of the application. Generally, the following information noted below is collected during the course of a standard inspection report:
For Corporate coverage (Business Beneficiary - KeyPerson, Buy/Sell)
Varying levels of confirmation are available for our inspection reports depending on your underwriting requirments. We are capable of completing reports with minimal third party verification all the way to more advanced levels and a more detailed analysis on the applicant’s business, finances and anti-selective features, such as drugs and alcohol, hazardous avocations, etc. Business, personal and financial sources are contacted to verify information such as occupation, income, net worth and personal reputation. We obtain detailed breakdown of net worth figures, and complete credit checks. We also contact professional associations, and complete bankruptcy searches, etc.