NL Insider Jan 8- We’re Increasing Our EZ Underwriting Limits!

Starting January 24. Plus, other underwriting improvements.

Effective January 24, we will be increasing our EZ underwriting limits for permanent life insurance for age bands 0-50 and 51-60.

The new limits will be:

Ages 0-50: $5 million

Ages 51-60: $3 million

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

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

• EKGs will no longer be needed for ages 18-69 (all life insurance products)
• For eApp applications, we’re adding the question, “Have you had a routine physical exam with age-appropriate diagnostic tests completed within the last 12 months?” If the answer is yes, the client likely will get underwritten through EZ underwriting — so, it’s a good idea to encourage clients to have a recent physical exam on record before submitting the application.
• Term life insurance applicants without a documented medical history may be asked to complete a paramedical exam (applies to all face amounts).