Accelerated Underwriting Increased Limits

Effective October 7, 2024, Protective has increased face amounts to be eligible for accelerated underwriting. The maximum face amount moves from $1 million to $2 million for ages 45-60. 

Accelerated Underwriting Updates:

• Maximum face amounts up to $2 million to age 45 and $1 million to age 60
• Increases apply to eligible products — from term to variable

 Transition rules

• Submission or signature date of applications is not a factor in determining which accelerated underwriting rule will be applied.
• Online and telephone interviews (Part II) started on or before October 6, 2024, will be subject to the current accelerated underwriting age and maximum face amounts.
• Online and telephone interviews (Part II) started on or after October 7, 2024, will be eligible for the new accelerated underwriting age and maximum face amounts effective October 7, 2024.
• Any application in underwriting before or after October 7, 2024, will retain the accelerated underwriting age and maximum face amount rule based on the start of the online or telephone interview (Part II).