As of 2-4-22, Underwriting changes were made to EZ App requirements, occupational classes, and participation limits for DInamic Foundation individual disability income policies. The changes are as follows: EZ App – the age and maximum benefit amount requirements have increase as noted in bold italicized text below. Issue and participation limits changes shown in bold … Read More
Illinois Mutual: Underwriting changes to the IDI (as of 6-7-21)
Illinois Mutual’s underwriting financial documentation guidelines and non-medical limits for disability income insurance applications are listed below. Non-medical limits* – total monthly amount of insurance applied for and in force with Illinois Mutual Age 18-50 51-60 Non-Med $200 – $5000 $200 – $3,000 Abbrv Paramed, Blood Profile, Urinalysis $5,001+ $3,001+ Financial Documentation Guidelines Benefit Amounts … Read More
PruFast Track Program: New Requirement Effective 7-19-21
From Prudential: Beginning July 19, 2021, all PruFast Track eligible business MUST be submitted via Prudential Xpress QuickForm Worksheet or Drop Ticket. Eligibility Criteria Age: 18 to 60 Face Amounts: $100,000 to $3,000,000 Quoted Underwriting Category: Smoker or better Products: Most of Prudential’s term and permanent products (excludes PruTerm One and Survivorship Products) U.S. Residents … Read More
Standard: Underwriting changes to IDI product
The following changes went into effect April 2, 2021: New-in-practice limits for ALL physician occupations will be $7500. Before, some physicians were limited to $6,500 Neurologists upgraded to 5P. Standard upgraded neurologists, vascular neurologists and other neurology specialties’ occupation classes from 4P to 5P for Platinum Advantage and from 4A to 5A for Business Equity … Read More
Ameritas – Underwriting changes for General Dentist
Effective March 22, 2021, the following changes were made to the DInamic Foundation individual disability income policies: Maximum issue limit (base + future increase option) on IDI coverage will be $10,000. Thre is no change to the participation limits. Discounts are no longer available on newly written individual disability income or business overhead expense policies. … Read More
FROM PRINCIPAL: ELECTRONIC DELIVERY OF TERM POLICIES
The launch of eDelivery is just around the corner. This change will be active Monday, February 25, 2019. Principal’s term life eDelivery adds convenience, greater efficiency and faster coverage. Note, ALL Principal Term life policies will be delivery via email. You can then get eSignatures or you can print the policy to get the wet … Read More
FROM LINCOLN: TERM PORTFOLIO REPRICED
Effective February 11, 2019, Lincoln is pleased to announce pricing improvements to Lincoln LifeElements® Level Term and to Lincoln TermAccel® Level Term, which will improve competitive positioning in key cells. * New applications received and applications currently in underwriting will automatically receive the lowest rates available. A request to use the lower rates will not … Read More
MICHIGAN DI DAY WAS A SUCCESS.
Thank you to all the attendees of our annual Michigan DI Day™! We are already planning next year’s event. We hope to see you next year! … Read More
NEW TERM RATES FROM AMERICAN GENERAL
Rate Changes Include Increases and decreases in certain cells. “As of February 19th, AIG Select-a-Term gets even more competitive! This reprice focuses on improving rates for longer term durations and death benefit amounts $250K+ for certain issue ages and risk classes. The rate changes will include increases and decreases in certain cells. Click here for more information and … Read More