Reminder: Drop Ticket is Required for Certain Term Application Submissions
Drop Ticket must be used for all term application submissions up to the maximum applicable Accelerated Underwriting face amount ($3 million for issue ages 18-40; $2.5 million for issue ages 41 and older). Exceptions include:
- Life/DI combos
- Applications that require multiple owner signatures (examples include trust-owned where multiple trustees need to sign and business-owned where multiple business owners need to sign)
- Applications where additional, multiple, or alternative policies are requested at the time of submission
Beginning April 1, 2021, Term applications that don’t met these guidelines will not be processed and premiums will be returned.