From Prudential: Beginning July 19, 2021, all PruFast Track eligible business MUST be submitted via Prudential Xpress QuickForm Worksheet or Drop Ticket.
- 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
If you have a long application started before 7-19-21, Prudential recommends switching to the worksheet or drop ticket as soon as possible. Once your client’s interview is completed, the PruFast Track model will determine the underwriting path. Your weekly case status will keep you updated and informed throughout the process. Accelerated cases will be approved within hours or days, without the need for a medical exam or lab work. If a client doesn’t qualify for an accelerated decision, the underwriter will order the “best” requirement based on the client’s individual history. This may include an exam, lab, or medical records. Prudential will handle ordering all requirements or eligible cases.
The reason Prudential is taking this action is their full suite of eCapabilities streamlines the life insurance buying process and provides:
- Better customer experience
- Faster cycle times
- Higher placement rates
Please contact our Marketers at IRA Brokerage with any questions. 248-553-9505