We’re Increasing Our EZ Underwriting Limits!

Effective January 24, we are increasing our EZ underwriting limits for permanent life insurance for age bands 18-50 and 51-60 (eApp applications only).

The new limits will be:

Ages 18-50: $5 million

Ages 51-60: $3 million

Ages 61-65 : $250,000 (no change)

In addition, we’re making the following underwriting changes:

• EKGs are now only needed for clients age 70 or older. We will no longer require them for ages 18-69.
• For eApp applications, we’re adding the question, “Have you had a routine physical exam with age-appropriate screening tests completed within the last 12 months?” If the client can answer yes to this question, the application will likely proceed with EZ underwriting and no medical exam will be needed. It’s a good idea to encourage clients to have a recent medical exam on record and be up to date on routine health screenings and lab tests before submitting an application.
• Term life insurance applicants without a documented medical history may be asked to complete a paramedical exam (applies to all face amounts). Term life insurance applicants without a medical history documented in digital records may be asked to complete a paramedical exam (applies to all face amounts).
• The rate class decision message will now be displayed in eApp for all approved life insurance applications.

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