Use Your Increase Option Reports to Prepare for Increase Opportunities

Your increase option report makes it easy to prepare your producers — and their clients — for upcoming increase options, both Benefit Increase Riders and Future Purchase Options. This report, sent to you the first week of each month, lists policies with BIR and FPO option dates coming up in the next 120 days.

To help you prioritize, the report highlights option dates with colors to indicate time remaining. Green indicates 60 to 120 days until the option date. Yellow highlights option dates 30 to 59 days away, and red means there are fewer than 30 days left.

It’ll also tell you if a policyowner doesn’t have to apply for a BIR because they’ve used an accelerated BIR in the previous 12 months.

Look at the notes section to see if the policyowner is not eligible for an increase due to:

• The policyowner is currently receiving IDI benefits from The Standard.
• The policy is at the maximum issue limit (for Platinum Advantage policies only).
• The policy is suspended due to active military service.

Best of all, we’ve added filters to each column. One way to use this feature? Filter by producer to make it easy to modify the report. Then send it to your producers to help them get started on the BIR process with their clients.

If you have any questions about the BIR administrative process, please reach out to your case manager.

For Producers Only