Advisors Blog

Principal Now Requiring Online Apps for Certain Cases

Effective immediately, Principal has implemented the following temporary new business submission adjustments:

• Term applications with face amounts of $500,000 and less must be submitted via drop ticket, except for cases where the insured is a resident of New York. A 30-day grace period is being provided for eApp and traditional paper applications.
• The required minimum face amount for an informal application increases from $1 million to $3 million.
• Additionally, the maximum insured age for Principal Survivorship Universal Life Protector III applications is now 75.
• These changes apply to both new informal applications and those we’ve previously received but haven’t yet completed.
• The new face amount minimum applies to all products and application states. For cases below the minimum, Quick Quote is available.

Prudential Limiting Access to Long-Form Applications

Effective August 17th, Prudential will be limiting access to the long-form application for term products. We recommend submitting business via their PruXpress Worksheet process and selecting eInterview, which allows all eligible cases to be considered through Prudential’s PruFast Track accelerated underwriting program. Prudential will continue to order requirements for this segment of business.

Choose the Term Product that Meets Your Client's Needs

John Hancock offers two ways your clients can reduce their premiums and earn rewards for living healthy with the John Hancock Vitality Program - one product offers the benefit as an optional rider, and the other has the Vitality benefit built in. Highlights include:

• Competitive rates
• Opportunity for rewards and discounts with the Vitality program.
• The potential to earn premium savings and rewards for small, everyday steps toward a longer, healthier life with John Hancock Vitality PLUS.

Leveraging Alternative Assets

Do you have clients nearing retirement who are concerned about market volatility and the sustainability of their investment portfolios? Symetra's “Leveraging Alternative Assets” sales strategy can help insulate some of their assets slated for wealth transfer from the market’s ups and downs. Click below to learn how you can generate more life insurance sales while helping clients add predictability to their investment portfolios.