Simplified Underwriting Limits Increases for Most Applicants
Effective today, more of your clients will be eligible for Simplified Underwriting. Non-business owners age 18-50 will be eligible to apply for up to $10,000 in monthly Platinum Advantage coverage using Simplified Underwriting.1
| Product | Employee Type | Issue Age | Maximum Issue From The Standard1 | Maximum Participation With Other Carriers |
|---|---|---|---|---|
| Platinum Advantage | Business Owners | 18-50 | $6,000 | $10,000 |
| Non-Owner Employees | 18-50 (excluding CA) | $10,000 | $10,000 | |
| 18-50 (CA only) | $6,000 | $10,000 | ||
| Business Overhead Protector® | Business Owners | 18-50 | $10,000 | $10,000 |
Why use Simplified Underwriting? It removes the requirement of lab tests and income documentation1, which streamlines the underwriting process and often results in quicker policy placement.
Physicians completing residency or fellowship programs may continue to apply for up to full issue and participation limits under Simplified Underwriting as long as they submit proof of income.
See the Simplified Underwriting flyer for more information.
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