Principal Life New Business & Underwriting—February news
IMPORTANT Reminder about the enhancements to Accelerated Underwriting (live 2/15)
INFORMAL Reviews
- Minimum face amount of $5 million
- If less than $5 million, must meet $10,000 in planned annual premium
- Minimum issue age 50; maximum issue age 75
- Ratings remain limited to Table 6 up to age 59 and Table 2 for ages 60 and over
- Term or permanent product
NEW Product was available January 19th-most states—
-UL Provider Edge II (current assumption/GUL alternative)
-ENLG rider pushes guarantees to A100
-Some/limited cash value for flexibility
-Chronic Illness rider auto for clients Table 3 or better and 7.51 FE or less
-Business Value Increase rider available for business cases
-Pricing very comparable to the UL Protector (typically better for the A100 solve)
