Product changes to Privileged Choice Flex Effective July 30th, 2012:
- Lifetime Benefit will be suspended
- Limited Pay Scenarios 10 pay and to age 65 suspended
- Preferred Health discount eliminated
- Couples discount when both approved and placed will go from 40% to 20% discount.
- Couples discount where one is declined or not taken will go from 25% to 10% discount.
- Click Here for the Full Bulletin
Underwriting changes Effective July 30th, 2012:
- Family History will be required on all applications.
- Schizophrenia is an automatic uninsurable
- Any Social Security disability payments being received within the last 5 years for any reason is an uninsurable.
- Cardiac history with any tobacco use is also an uninsurable.
- Click Here for the Full Bulletin
Commissions Effective July 30th, 2012:
Transition Rules:
Please carefully review the transition dates and rules below. No exceptions will be available.
Applications must be signed and dated on or before July 29th, 2012. These changes apply to states where approvals have been communicated.
7/27/12: Last day to submit ticket requests and applications via e-Tools must be faxed to 866-360-9355 no later than 5:00PM EST on 7/27/12
7/29/12: Last valid Application Signed Date and Home Office Receive Date for changing features, except for tickets submitted via e-Tools by 7/27/12
7/30/12: Changes become effective for Privileged Choice Flex
8/24/12: Last valid Home Office Receipt Date for applications with current features.
