Protective Velocity Update: Voice Signature Process Expanded
Protective is pleased to announce that eligibility for our Voice Signature process has been expanded. Key updates include:
- Applications with our ExtendCare Rider are now eligible.
- The previous age limit of 70 has been removed (note: there is still an age limit for 65+ at $1 million and above).
- The face amount limit has been increased from $3 million to $5 million.
We’re updating our marketing materials to reflect these changes and will share those with you when available. In the meantime, our updated list of Voice Signature exclusions are:
- Face amounts $5 million and above
- Customers aged 65 and older with face amounts $1 million and above
- If the owner is a company or trust
- If the proposed insured is a minor
- If the proposed insured is not the payor
- If a customer applies for our Children’s Term Rider or Income Provider Option
- Foreign national — non-green card holders
- Spanish-speaking applicants