2023 Underwriting / New Business Deadlines

What are Lafayette Life’s year-end cutoff dates for 2023?

At Lafayette Life, we understand how important it is to get your clients’ policies in-force as soon as possible — especially before the year’s end. That’s why we’re making the following promise to you:

• Approved applications with all requirements received in good order by December 15 are guaranteed to be issued by the end of the year in order to allow you, our valued producer, the opportunity for placement before the year-end cut-off dates for 2023.
  • December 28 is the cutoff for paid business to count toward 2023 commissions paid on December 29 (and to count for the 2023 tax year).
  • December 31 is the cutoff for paid business to count toward earned 2023 sales credits.

So, what does “in good order” mean?

In good order by December 15 means that Lafayette Life must have all underwriting requirements/documents for approval and payments/delivery requirements needed to make a client’s policy active once it is approved — from a completed application and medical information to an initial premium payment. 

This makes it more important than ever to submit your applications in good order! As a reminder, e-Applications, submitted via iGO^®, help speed up the initial underwriting review by 1-2 days and ensures in-good-order submissions.

What about applications submitted after December 15?

We promise to do our best to help you meet your year-end goals; however, any applications submitted after December 15 (or any applications submitted prior to December 15 that are not in good order, or incomplete) are not guaranteed to be issued in time to meet year-end cutoff dates.