New Requirements for Submitting New Business in PA Effective 11/11/2024

Effective November 11, 2024, Individual Life new business will require a signed illustration to be dated on or before the signature date of the application for all permanent and variable policies in the state of Pennsylvania. This change is required to align us with Pennsylvania insurance regulations. If an illustration is received after the signature date on the application, a new application will be required. 

A couple of reminders:

• Anytime replacement is involved, please include it on the application (Section G) and submit the appropriate forms (Replacement Notice and Replacement Disclosure Statement), when the application is submitted. 
• Pennsylvania requires a Pennsylvania Disclosure Statement. This form outlines additional information that is required based on the agreements the client has on the policy. Please include the additional information as requested on the form.