Special Announcement

Pacific Life - CA & Lynchburg (3/19)

• A 14-day delay period will apply.
• After the 14-day delay, if the individual tests negative and is cleared, an application may be submitted or a policy delivered.
• After the 14-day delay, if the individual tests positive, an Attending Physician Statement must be received stating the virus has been cleared and is required prior to submitting an application or delivering a policy.

 

Allianz (3/20)

• If clients traveled to China or Italy, Allianz will review on a case by case basis

 

Principal (3/24)

• Anyone planning to travel outside US may be subject to postponement of their application
• Anyone that has traveled outside the U.S. by airplane or cruise ship will have their applications postponed until 30 days after their return to the U.S.
• Anyone who has been tested or been treated for COVID-19 is expected to disclose any tests or treatments on their life insurance application or supplement we provide

 

Symetra (3/24)

• Anyone that has traveled outside the U.S. within the past 30 days will have their applications postponed until 30 days after their return to the U.S.
• Anyone that plans to travel internationally in the next 60 days will be postponed.
• Anyone diagnosed with COVID-19 will have their applications postponed for at least 30 days and be reconsidered with APS info indicating that the virus has cleared and a health status has returned to baseline.
• Anyone exposed with COVID-19 will be postponed for 30 days and be reconsidered with evidence showing no infectious process.

 

Mutual of Omaha (3/24)

• If the proposed insured or any member of his/her household has traveled or resided outside of the U.S. within the past 30 days, the application will be postponed until 30 days following their return.
• If the proposed insured or any member of his/her household has come in close contact with anyone known to the insured to have tested positive to COVID-19, the application will be postponed for 30 days following their exposure.
• Anyone testing positive for the COVID-19 virus or those who have been hospitalized or quarantined for the virus will have their application postponed for a minimum of 90 days.

 

SBLI (3/26)

• Travel to US Travel Ban Countries – applications will be postponed for 30 days following their return and must show no signs or symptoms of COVID-19.

• 4/5 Update: Any proposed insured with future travel to any of these countries will be postponed for 30 days after they return and must show no signs, symptoms, or positive COVID-19 test results.

• 4/5 Update: Until further notice, we are temporarily suspending taking cash with an application to bind coverage under the Conditional Receipt and for the State of Kansas only, the Temporary Insurance Agreement.

 

Protective Life (3/26)

• Protective will postpone coverage on newly-submitted or pending applications for any individual recently returned from international travel for a period of 30 days following his or her return.
• In addition, Protective will postpone coverage on newly-submitted or pending applications for individuals with any planned travel outside the U.S.

 

Pacific Life – Affluent and Broad Markets / Core Life and PL Promise (Updated 3/30 – 14 to 30-day delay)

• If an applicant has traveled from one of the travel-ban countries as found on the U.S. Department of State website (travel.stat.gov), a 30-day delay period will apply
• After the 30-day delay period, if the individual tests NEGATIVE and is cleared, an application may be submitted, or a policy delivered.
• After the 30-day delay period, if the individual tests POSITIVE, a statement must be received stating the virus has been cleared and required prior to submitting an application or delivering a policy.

 

Legal and General (4/1)

• At this time, due to potential exposure to COVID-19, any planned foreign travel will be postponed for a period of 30 days following the applicant’s return from their trip.
• If travel plans are confirmed to have been cancelled or indicated to only take place once the travel-advisories are lifted, underwriting will approve the application and include an amendment to reflect the cancellation of travel plans or the parameters under which travel will occur.
• We will be reviewing cases that were postponed in March 2020 due to potential exposure to COVID-19 to see if reconsideration can occur.
• COVID-19 Disease Cases - Postponed for at least 30 days after full recovery. Reconsideration parameters will depend on the severity of the disease and current health status.

 

Legal and General (4/1)

• Effective April 1, 2020, LGA has added Age and Risk Profile Postponements Parameters.
• Applicants in the below age ranges whose assessed risk class exceeds rated table parameters AND the risk profile includes any of the referenced underlying chronic conditions listed below will be postponed for a minimum of 6 months:
  • Ages 50 – 64 and risk profile exceeds Table 6
  • Ages 65- 70 and risk profile exceeds Table 4
  • Ages 71 - 75 and risk profile exceeds Standard
• Underlying Medical Conditions (include but are not limited to):
  • Cancer
  • Cardiovascular / Cerebrovascular disease
  • Dementia
  • Diabetes (type2, T2DM)
  • Frailty
  • Immunosuppression
  • Kidney Disease
  • Lung Disease

 

Prudential (4/6)

• Prudential is making adjustments to a few underwriting guidelines to ensure a prudent financial approach, in an effort to continue to deliver for their customers. These updates include:
  • Temporarily restricting new applications at age 80 and over – Prudential will no longer accept any applications at age 80 and over until further notice, effective April 6, 2020.
  • Postponing any applications at ages 65 and over with a rating class of Table D or higher.
  • Postponing any rated case in which the client presents a chronic respiratory condition.
  • Postponing any proposed insured who has tested positive for COVID-19 for 30 days with full recovery.
  • Allowing extensions of 30 days to further information unobtainable dates and placement periods on Cash on Delivery business.

 

Pacific Life - Affluent and Broad Markets / Core Life and PL Promise (4/7)

• The following temporary changes are effective 5pm Pacific Time on April 7, 2020. We will continue to monitor the situation, reevaluate as needed and communicate regularly.  We plan to reassess at the end of April, and monthly thereafter, if needed.
• For applicants that meet either of the following criteria, we are temporarily postponing acceptance of all applications for PL Promise Term:
  • Individuals aged 71 and older; or
  • Individuals of any age rated worse than a Table Four.
• We will accept formal application received by 5pm Pacific Time, and we will continue processing those cases we currently have in house. We will not accept any new applications meeting the criteria until the temporary restrictions are lifted.
• Pacific Life is temporarily postponing offers on all Pacific PremierCare Applications for applicants 71 and older.
• Temporary restrictions for Guaranteed Issue Applications
  • Postpone acceptance of all New Business applications for Foreign resident cases
  • Maximum issue age 65
  • Minimum of 20 lives

• July 13, 2020 Update:

• • Pacific Life is now able to extend offers to applicants who are:

    • Aged 71 – 80 at Standard or better risk class and

    • Aged 70 and below up to Table Four.

  • Pacific Life will continue to postpone any applications from individuals who are:

    • Aged 71- 80 – Table A and up or

    • Aged 81 and older or

    • Any ages rated worse than Table D.

 

John Hancock (4/8)

• During this unique time, John Hancock will not be making final underwriting offers on cases where the applicant is 80+.
• We are happy to continue to receive and review submissions for these clients with the goal of moving on them quickly when circumstances change.
• For any pending submission in this age group with a formal application and a final underwriting offer, you can expect a call from your John Hancock underwriter shortly to discuss next steps.

• June 25, 2020 Update:

  • John Hancock will resume accepting and processing applications on individuals up to and including age 90

  • For Ages 80 to 90: Standard or Better health classifications will be accepted.

 

North American (4/16)

• North American will postpone any pending or newly-submitted applications where the proposed insured has any planned international travel.
• North American will postpone policy issuance for 30 days for any proposed insured returning to the U.S. from international travel.
• North American will adhere to state regulations guidelines for travel.
• These temporary travel guidelines apply to both new business and policy change.

 

Principal (4/8)

• The revised Temporary Underwriting Guidelines apply to all products as well as to all formal applications and Prelims.
• The following applicants with applications dated on March 25th or later will have their applications delayed until further notice:
  • Ages 81+ will not be considered at any rate class until further notice
  • Insured ages 60-80 will have a maximum table rating of either Table 2 or a flat extra of $5.00/1000
  • Insured ages up to 59 will have a maximum table rating of either Table 6 or a flat extra of $10.00/1000
• For survivorship cases, both lives need to meet the new guidelines. Additionally, risks with a combination of a table rating and flat extra will be postponed, and as a regular practice, we do not convert table ratings to flat extras nor flat extras to table ratings.
• Any formal applications dated prior to March 24, 2020 and received by us April 9 or later will also follow these new guidelines.

 

AIG (4/8)

• Effective today, AIG is implementing the following underwriting actions.
• Any case where the proposed insured has been diagnosed with COVID-19 will be postponed for 30 days. These postponed cases may be reconsidered after 30 days from full recovery when submitted with APS information indicating that there is no evidence of current infection from COVID-19 and health status has returned to previous level.
• Any case where the proposed insured had known exposure to COVID-19 will be postponed for 30 days
• Any case where the proposed insured has plans to travel internationally between now and the end of the year will be postponed. These postponed cases may be considered after all international travel is complete, the proposed insured has been back in the United States for a minimum of 30 days, and no further international travel is planned this year. This approach is subject to change as the situation continues to evolve.
• These additional temporary guidelines are now implemented on both formal and informal cases until the COVID-19 situation has diminished:
  • For individuals aged 70+, all cases will be postponed.
  • For individuals aged 60-69, all rated cases inclusive of all medical flat extras will be postponed.
  • For individuals aged 50-59, all cases assessed greater than Table B inclusive of all medical flat extras will be postponed.
  • For individuals aged <50, all cases assessed greater than Table D and/or all medical flat extras will be postponed.
• Additionally, there are several conditions that, in general, make a person more susceptible to COVID-19 and its more severe health impacts, including but not limited to coronary artery disease, metabolic disorders, respiratory impairments and underlying malignancies. Individuals with these co-morbid conditions will also be postponed regardless of current risk assessment of their non-COVID impairments.
• Processing of all currently pending business affected by the above COVID-19 guidelines will be suspended until further notice and a note will be placed on the file. Further, all approved and conditionally issued business will be reviewed and closed subject to our current case closeout rules.

 

Transamerica (4/9)

• Due to the circumstances around COVID-19, Transamerica will not be accepting applications on clients over the age of 75 for all life insurance products and unable to offer LTC Riders or Chronic or Critical Living Benefit riders on individuals ages 56-75.

 

Lincoln Financial Group (4/13)

Beginning on Monday, April 13, the following updates will apply to all pending and new submissions of Lincoln individual life policies including Lincoln MoneyGuard.

Internal Retention

Lincoln’s Internal Retention will be reduced to the following limits:

• $5mil max limit for term and perm products
• Available up to age 65 only
• Preferred Plus, Preferred and Standard rate classes only

Table Reduction Program (TRP)

Temporary Table Reduction Program Guidelines:

• Ages up to 65: No changes to current TRP guidelines
• Ages 66 -70: Limited offers with consideration up to Table 2 only. All other classes will be postponed.
• Ages 71 and up: No changes to current TRP guidelines; TRP not available.

Postpones

All cases meeting the following criteria will be postponed:

• Ages 65 and under, rated Table 5 and higher
• Ages 66 – 79, rated Table 3 and higher
• Ages 80 – 85, all classes

Accelerated Benefit Riders (ABR)

All applications for an ABR, meeting the following criteria, only the rider will be declined:

• Ages 70 and up, with sub-standard rate classes
• Applicable for Lincoln Care Coverage ABR and Lincoln LifeEnhance ABR only

Lincoln MoneyGuard

All cases meeting the following criteria will be postponed:

• Ages 70 and up, deemed to be sub-standard, up to Table 4

Underwriting Guidelines for Foreign Travel

The following updates we implemented March 20 and apply to all Lincoln life insurance applications including Lincoln MoneyGuard:

• Underwriting offers will be postponed indefinitely for:
  • Any travel planned to a Level 3 country identified by the CDC, intended to be completed by June 30, 2020 or 14 to 30 days after the CDC lowers the alert status.
  • Indication of planned travel after June 30, 2020, to a Level 3 country identified by the CDC will be evaluated on a case by case basis depending on the situation. Postponement is likely, but limited face amount options could be considered depeding on the age and country travelled to.
  • If travel plans to a Level 3 country are cancelled or delayed until travel is determined to be safe by the CDC, Lincoln will amend the application and proceed with completing the underwriting process.
  • Each situation will be evaluated on its own merits and will provide further guidance as more information is known about the pandemic status.

 

Protective (4/14)

Age and rating limitations:

• Protective will postpone coverage on individuals who are age 80 and above.
• Ages 70-79: Applicants must qualify for Standard rating or better and have no significant underlying medical condition or treatment that makes them more susceptible to COVID-19 death. *
• Ages 60-69: Applicants must qualify for Table 4 rating or better and have no significant underlying medical condition or treatment that makes them more susceptible to COVID-19 death. *
• Ages 0-59: Protective will consider applicants with all medical impairments through Table 4. Applicants rated over Table 4 will be considered on a case-by-case basis if the individual has no significant underlying medical condition or treatment that makes him or her more susceptible to COVID-19 death. *

* The medical conditions and treatments referred to above include, but are not limited to:

• Heart disease
• Significant cancer in the last 10 years
• Diabetes
• Pulmonary disease (COPD, Asthma, etc.)
• Autoimmune or Immunosuppressive Disease
• Any medication that causes immunosuppression (Biologic, Prednisone/Steroid, Methotrexate, etc.)

 

Symetra (4/15)

Here is an overview of the changes effective 4/15 and will remain in place until further notice:

• Ages 80 and above: Postpone 45 days
• Ages 70-79 (all risks over Standard Non-Nicotine): Postpone 45 days
• Ages 66-69 (all risks over Table 2 Non-Nicotine): Postpone 45 days
• Ages 60-65 (all risks over Table 4 Non-Nicotine): Postpone 45 days

These guidelines will apply to new formal and informal cases, as well as any cases that are currently with Symetra where an underwriting decision has not been made.

Smokers:

• Must be Preferred or better – otherwise will be postponed
• Decline any cases over age 60 where the proposed insured vapes or uses vaping products.

Comorbidities:

• For Ages 60 and older
• 45-day postponement for the following:
  • Coronary artery disease
  • Diabetes
  • Pulmonary issues
  • Obesity / weight builds
  • Immunosuppression disorders

 

Mutual of Omaha (4/15)

• Postponements Based on Insured’s Issue Age
• Mutual of Omaha will be postponing all fully-underwritten life insurance cases in the following categories:
• • If the individual is age 70 and above
  • If the individual is age 60-69 and is rated greater than a Table 2. We will also be temporarily suspending the FIT Underwriting Credit Program for all insureds age 60-69.

North American (4/16)

• Effective Tuesday, April 14, North American implemented the following temporary changes to new business and policy change underwriting guidelines. For all cases not already approved or issued, we will postpone any applications on individuals of the following policy issue ages and table ratings: