Securian is making the following changes to their temporary COVID-19 participation guidelines, effective April 1, 2021:
- Expanding the issuance of single life applicants at the following ages:
- Insurance ages 61–75, allow table B (150%) or better
- Insurance ages 51–60, allow table D (200%) or better
- Expanding the issuance of joint life applicants to allow up to table B (150%) for the better rated insured.
- Their Write Fit expansion to $3,000,000 for applicants ages 18-50 will continue.
All other participation guidelines, including money not being accepted with new applications and temporary insurance agreements not being available, continue until June 30, 2021.
Participation guidelines, effective April 1 – June 30, 2021:
WriteFit
The maximum face amount for WriteFit applicants ages 18 through 50 is being continued at $3 million. Applicants ages 51 through 60 continue to be eligible for up to $1 million of coverage via the WriteFit platform. Eligibility for WriteFit is determined by answers to the tele-interview.
Traditional Life Underwriting (includes underwritten policy changes)
- Insurance ages 76 and older: New applications will not be accepted.
- Insurance ages 61 through 75: Applicants assessed at Table B (150%) or better rates will be issued. All others will be postponed until at least June 30, 2021.
- Insurance ages 51 through 60: Applicants assessed at Table D (200%) or better rates will be issued. All others will be postponed until at least June 30, 2021.
- Insurance ages 50 and younger: Applicants assessed at Table F (250%) or better rates will be issued. All others will be postponed until at least June 30, 2021.
- Second-to-die policies with one insured ages 75 or younger receiving a table B (150%) or better mortality evaluation, the other insured must be rated:
- Table H (300%) or better if ages 50 or younger.
- Table F (250%) or better if ages 51 through 60.
- Table D (200%) or better if ages 61 through 70.
- Table B (150%) or better if ages 71 through 75.
- Money will not be accepted with new applications until at least June 30, 2021, and temporary insurance agreements will not be available during this time.
SecureCare Universal Life (UL) Underwriting
- Mortality evaluation will need to be Table B (150%) or better for a SecureCare UL policy to be issued. Applicants who would be rated Table C (175%) or worse will be postponed until at least June 30, 2021.
- Money will not be accepted with new applications until at least June 30, 2021; and temporary insurance agreements will not be available during this time.
