Informal Application Clarification
We’ve had a few questions regarding the minimum applicant age for informal applications and want to clarify:
- We will accept applications for issue ages less than 50 if the planned annual premium is $10,000 or greater.
We encourage you to be sure to include the planned premium amount as part of your submission in order to avoid confusion and potential rejection of the application for age or face amount minimums.
The remainder of the informal application submission guidelines are listed below.
- Minimum face amount of $5 million
- If less than $5 million or under age 50, must meet $10,000 in planned annual premium
- Minimum issue age 50; maximum issue age 75
- Ratings limited to Table 6 up to age 59 and Table 2 for ages 60 and over
- Term or permanent product
- Cover sheet that includes planned premium amount and offer needed to win the case