Transition Rules for Fully Underwritten Applications
Applications pending an underwriter decision as of May 2, 2023, and through July 2, 2023. The underwriter will apply the group LTD calculation for government employees that results in the most favorable offer.
Applications pending an underwriter decision after July 2, 2023. The underwriter will apply the new group LTD calculation.
Policies pending delivery or accepted with an effective date on or after April 2, 2023. Agencies may request the offer be reviewed for eligible applicants to see if they qualify for more coverage. During the transition period, they may select the most favorable offer. We must receive the request in the home office by June 2, 2023.
Eligible insureds with policies that have an effective date before April 2, 2023. Policyowners must submit a new application for consideration of this change. This would result in a cancellation/ replacement of the existing policy at attained age with a current effective date.
Transition Rules for Increase Options
Increase options pending an underwriter decision on May 2, 2023, with an increase effective date of April 2, 2023, to July 2, 2023. The underwriter will apply the group LTD calculation for government employees that results in the most favorable offer.
Increase options with effective dates on or after July 2, 2023, will use the new calculations.
Increase options pending delivery or accepted with an effective date on or after April 2, 2023, to July 2, 2023. Eligible applicants may request the amount of increase be reconsidered using the new calculation. During the transition period, they may select the most favorable offer. We must receive the request in the home office by July 2, 2023.
Increase options with an effective date before April 2, 2023, are not eligible for reconsideration of the amount issued.