What is the purpose of an Attending Physician's Statement (APS) in the insurance process?

The purpose of an Attending Physician's Statement (APS) in the insurance process is to obtain specific information about a medical condition. This document is generated by the applicant's doctor and provides detailed insights into the individual's health status, treatment regimens, and any other pertinent medical information that may influence the underwriting process. Life insurance companies rely on the APS to assess the risk associated with insuring an applicant, as it offers a more complete and nuanced understanding of the person's medical history and current health issues.

By focusing on specific conditions rather than providing merely a general overview, the APS allows insurers to make informed decisions about coverage options, premium rates, and any potential exclusions that may be necessary. It does not guarantee acceptance of an application, nor does it typically recommend further medical examinations unless additional information is needed, as these actions are separate aspects of the underwriting process.