Reminder: New Life Insurance Application and IDI Application Part B is Available

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The new life insurance application (ICC21) and supplemental forms will be available for use in approved states beginning Oct. 1, 2022. View transition guidelines for the new application.

Highlights of what the new life application offers:

  • For cases where digital submission through Drop Ticket is an option, the design enhances the experience and makes it shorter and easier to complete, with generally more accurate information than other options.
  • The application output is dynamic, meaning only questions answered during application submission are included in the output. Note: If you’re using iPipeline’s IGO, dynamic output doesn’t apply.
  • Many supplemental forms are embedded within the application packet for easier access.

What’s different with the application?

  • When Drop Ticket is used and the insured and owner are different, there are questions for each. The insured gets those specific to them and their medical history, and the owner receives applicable questions regarding the plan and business information.
  • Parts A/C and B are individual forms, so if new information is required, only the affected form will need completed—not the entire application. Also, now survivorship cases will only require one Part A/C and Part B, rather than two separate, complete applications.
  • Part B:
    • Life insurance and individual disability insurance (IDI) applications use a common Part B.
    • Employability questions have been added, and tobacco use information is more detailed.
    • An insured signature is now a requirement and allows medical information to be confirmed prior to underwriting, instead of at delivery. So, when ordering your online life or IDI Part B, it’s required that the proposed insured’s email and phone number be used, as that information will be used to authenticate the customer for their electronic signature.
  • Part D has been eliminated, but delivery receipts will still be applicable.
  • The Conditional Receipt has been replaced by the Temporary Insurance Agreement.
  • When the owner and insured aren’t the same individual and no medical information needs amended, only the owner is involved in the delivery process.
Transition Guidelines