As a foreign national, there are two ways you can receive life or disability insurance coverage in the U.S. Those are individual life insurance or group life insurance policies. Each of those has its own distinctive underwriting process. For instance, an individual insurance policy is purchased directly from an insurance company or through a licensed insurance agent. The application process will be solely in accordance with the terms of agreement given by the company you are dealing with.
Unlike individual insurance, a group life insurance policy is typically an employer-provided coverage offered as part of an employee’s benefits. Many U.S. organizations also provide coverage for their employees’ spouses and eligible children. Most group policies are offered as a guaranteed issue plan, which requires no medical exam or screening questions. However, if as an employee or a retiree, request for a coverage plan that’s higher than guaranteed issue rate, you may be required to submit an EOI.
For example, your employer may set your basic group insurance plan at three times your salary base at the initial stage of your employment. But after some time, possibly due to an increase in family size, you think there’s a need for more coverage, you may be given the privilege of supplemental group insurance coverage but will most likely need to fill an EOI for the increase.