Reminder: Drop Ticket is Required for Certain Term Application Submissions

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Drop Ticket must be used for all term application submissions up to the maximum applicable Principal Accelerated UnderwritingSM face amount ($3 million for issue ages 18-40; $2.5 million for issue ages 41-60). Exceptions include:

  • Life/DI combos
  • Applications written in New York
  • 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
  • Applications that are owned by a business or submitted as part of a business case that are administered by our Business Market Administration team.
    • A Business Case Submission Checklist (DD-849 R-4) is required at submission. If the checklist is not included, the application will not be processed. 
    • Additionally, either an Online Part B or TeleApp will be required for these applications.

Beginning April 1, 2021, Term applications that don’t meet these guidelines will not be processed and premiums will be returned.