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 italicized text.
Medical Requirements
| AGES | BENEFIT | REQUIREMENTS* |
| 18-50 | Up to $10,000 | TUI |
| 18-50 | $10,000+ | TUI, Mini-Exam |
| 51-64 | Up to $6,000 | TUI |
| 51-64 | $6,000+ | TUI, Mini-Exam |
Issue and Participation Limits
| Maximum | Issue Limits | Maximum | Participation | ||
| OCC CLASS | AGES | INDIVIDUAL PAY | EMPLOYER PAY | WITH OTHER IDI | WITH GROUP LTD |
| 6A, 5A, 4A | 18-60 | $30,000 | $30,000 | $35,000 | $35,000 |
| 6M, 5M, 4M | 18-55 | $30,000 | $30,000 | $30,000 | $35,000 |
| 6M, 5M, 4M | 56-60 | $17,000 | $17,000 | $30,000 | $35,000 |
| All Occ Classes | 61+ | $10,000 | $10,000 | $10,000 | $10,000 |
Occupational Class Changes
The occupational class changes as noted below apply to DInamic Foundation individual disability income policies, Business Overhead Expense policies and Guaranteed Standard Issue business.
Revised Occupation Class for General Dentists
General Dentist has been temporarily reclassified as a 3M occupational class, inclusive of all associated 3M parameters (i.e. available definitions of disability, I & P limits, etc.). Discounts will continue to be unavailable. These changes do not impact dentistry specialties.
Revised Occupation Class for Attorneys
Income is no longer a factor for attorneys. The revised occupation class structure is: Attorneys, 6A
Revised Occupation for Actuaries
Years of experience is no longer a factor for actuaries. The revised occupation class structure is as follows:
- Actuary with credentials, 6A
- Others, 5A
Revised Occupation Classes for Engineers
The current “no field work” requirement is being enhanced to allow up to 30% field work. The revised occupation class structure is as follows:
- Engineers
- Technical graduates (4-year degree), income > $60,000, up to 30% field work, 6A
- Technical graduates (4-year degree), income <= $60,000, > 30% field work, 5A
Revised Occupation Classes for Computer Industry
Education is no longer a factor 6A and 5A occupation classes. The new class structure is as follows:
- Systems Analyst, Systems Engineer, Programmer
- Income > $75,000, 6A
- Income <= $75,000, 5A
Any questions regarding these changes, please contact our office at 248-553-9505.