Critical Advantage Cash Value Rider in Texas to be Discontinued Effective 04/15/22
Effective Friday, April 15, The Cash Value Rider will be discontinued on the Critical Advantage Portfolio in the state of Texas.
Effective Date
April 15, 2022
Impacted States
Texas
Transition Rules
Critical Advantage applications in Texas with a Cash Value Rider must be signed by the customer on or before April 14, 2022 and received in the home office no later than April 19, 2022. Any applications signed after April 14, 2022 (regardless of date received) or applications received after April 19, 2022 (regardless of signed date) will not be accepted. We will not make any exceptions to these dates.
- Pending Texas Critical Advantage applications with a Cash Value Rider will be processed as applied for. All pending applications older than 60 days are no longer considered valid and a new application will be required.
- Texas e-Applications with the Cash Value Rider must be signed and submitted by April 14, 2022 to be accepted.
- If a paper application is received after April 19, 2022, it will be withdrawn regardless of the signature date.
Materials Update
Applications will be updated and available on Forms and Materials and the e-App on Friday, April 15, 2022.
If you have any further questions, please contact your Sales Director or Account Executive.