Term applications for $1.5 million and below will require digital submission We know our service hasn’t met our expectations or yours, so we’ve been looking at ways to help improve it. Digital applications significantly streamline the new business process and can be reviewed up to six times faster than paper applications.

To that end, increasing digital application usage will have a meaningful impact on efficiency and capacity. Therefore, we’ll be requiring eApp or Drop Ticket℠ application submissions for Advantage Elite Select term policies $1.5 million and below starting May 2, 2022.1 This will ensure that your applications are submitted in good order without the back and forth, so your clients get insured fast and you get the service you deserve.

Applicants using our digital applications expressed a 41% higher satisfaction rate compared to the traditional paper application submission.2 And when paired with our digital Part 2 and WriteFit Underwriting™ your clients can expect a fast underwriting offer.

Chronic Illness and Waiver of Premium Agreement changes
Effective April 29, 2022, we’ll be making some changes to the availability around these agreements:

Our Accelerated Death Benefit for Chronic Illness Agreement (ADB-CIA) and our Waiver of Premium Agreement (WPA) are optional agreements we offer on our individual life insurance policies

  • ADB-CIA and WPA will no longer be available to add to inforce policies
  • ADB-CIA is now approved in Florida for new Indexed Universal Life (IUL) sales (Eclipse Accumulator and Eclipse Protector II)
  • New issue ages for ADB-CIA will be 25-65 (previously ages 20-80) in Florida only
  • Applications received after April 28, 2022, will be subject to the new issue ages of 25-65 for ADB-CIA

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Corporate Headquarters:
604 Harper Avenue, Jenkintown, PA 19046 | P: 800.543.5555 / 215.517.4080 | F: 800.343.0804 / 215.517.4087

Miami Office:
3470 NW 82nd Avenue, Suite #670, Doral, FL 33122 | P: 800.683.3077 / 305.908.6700 | F: 800.343.0804

Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303-797-9080.

GBS Insurance and Financial Services, Inc. is not affiliated with The Leaders Group, Inc. You may check the background of investment professionals on FINRA Broker Check

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