Lower Rates, Larger Discounts Effective Oct. 5, 2023, Standard adjusted their rates and increased discounts for their fully underwritten Platinum Advantage. They reduced Platinum Advantage rates for many occupations. You will see more competitive rates for men ages 41 and up for non-medical classes (5A, 4A, 3A, 2A, B and A). Plus they are introducing … Read More
Introducing Principal Income Protector Now available for illustrating and submitting new business. The Principal Income Protector has some features going away, as well as new policy features and enhancements. This product is available in all states expept for CA, FL, MT, NY, ND, SC, SD and WY. Features going away: Social insurance substitute (SIS) benefit … Read More
Introducing DInamic Cornerstone Income Protection Now available for illustrating and submitting new business! With the new Cornerstone product, Ameritas has added some exciting features! Here is what you need to know: Three new riders: Benefit Increase Rider, Enhanced Plus Residual Rider, and a Lumpsum Savings Rider Mental Nervous Disorders and Substance Abuse: now there is … Read More
The New Short Term Disability Assurity has a new Short Term Disability product on the market which is available as Accident and Sickness or Accident Only. >Target Market: non-traditional workers making money from multiple occupations, relatively healthy, and little or no employer-sponsored coverage. >Issue ages: 18-60 years old >Weekly benefit payments: $50 to $600 weekly … Read More
Part II Medical Questions Go Digital Effective October 5, 2022, producers can opt for their clients to answer the Part II medical related questions online. This eliminates the feeling of being rushed or feeling uncomfortable answering personal medical questions during a phone interview. Please contact us with any questions. Tel. 248-553-9505 … Read More
Important News Banner will no longer accept the Michigan traditional paper life insurance applications. All Michigan applications must be submitted electronically. The following states must use the new LIA fillable application or electronic application through the Horizon Platform (CA, DE, FL, ND, SD). … Read More
Updated Underwriting Guidelines The carrier updated COVID-19 underwriting guidelines and reinstated the Fit underwriting program. These guidelines apply to all fully underwritten life insurance cases and includes all newly submitted and pending in house cases, whether formal or informal. Acceptance Guidelines Based on Insured’s Issue Age Applications now accepted for client’s through age 79 and … Read More
Enhancements to the Quote Search Page For the Underwriting Process Filter, the word “Eligibility is added to clarify that a producer will be searching for term product quotes for which the current client is eligible for certain carrier underwriting processes. The Instant Decision is is added to clarify that products with this tag are eligible … Read More
Effective immediately, the following occupational classes have increased issue and participation limits. OCC CLASS OLD/NEW – ISSUE OLD/NEW – PARTICIPATION WITH IDI 5A, 4A AGES 18-60 WAS $20K NOW $30k WAS $30K NOW $35k … Read More
Previously capped at $17,000, the new maximum issue limit for 3M occupation class, ages 18-54, is $20,000. Note, the new limit is not available for policies with Student Loan Reimbursement and/or Lump Sum Payment at Retirement riders – Policies for 3M clients with either or both of these riders still have a maximum issue limit … Read More
