Securian: Upcoming Changes for WriteFit

04-26-2024

Effective June 1, 2024, Securian is making some changes to their WriteFit Underwriting™ program that will help improve the customer experience, increase efficiency, and simplify underwriting requirements. This will also impact eApp requirements. These changes help support the transition to a more digital application process through eApp.

What’s changing? 

• Discontinuation of WriteFit Express
• WriteFit eligibility ages 0-60
• WriteFit required for all products with face amount of $500k or less for ages 0-60.
• Term minimum issue age increased to age 18 (previously 16)
  • Juvenile term policies will no longer be available (NY included).

To promote transition to a more digital application process:

• eApp requirement of $3M or less on term; $500K or less on permanent products
• eApp requirement of $500K or less on survivorship products
• Increase minimum face amounts to:
  • $250,000 on term (NY included)
  • $100,000 on IUL products; $200,000 for survivorship products

New guidelines

	eApp requirement	WriteFit requirement*	WriteFit optional
Term	$250,000 to $3M	$250,000 to $500,000	$500,001 and above
Perm	$100,000 to $500,000	$100,000 to $500,000	$500,001 and above
Joint Life	$200,000 to $500,000	Not available	$200,000 and above

*Issue ages 0 – 60 where applicable. If insured is ineligible for WriteFit, they will move to traditional underwriting. WriteFit will remain optional for all face amounts in NY

Note:

• No changes from a permanent policy to a term policy with a face amount less than $250,000
• No term policies with a face amount less than $250,000
• Paper applications will not be accepted for term policies below $3M or permanent policies below $500,000.

NO EXCEPTIONS will be made.

Products impacted:

• Term (NY and drop ticket included)
  • Advantage Elite Select 10, 15, 20, and 30 year
• Permanent
  • Eclipse Accumulator Indexed Universal Life (IUL)
  • Eclipse Protector II IUL o VUL Defender®
  • Premier Variable Universal Life (VUL)
  • VUL Survivor and Eclipse Survivor II IUL – eApp only- not available for WriteFit.

Products not listed are out of scope or don’t offer eApp or WriteFit.

Transition rules:

• eApps that are eSigned and received at Securian Financial before June 1st, 2024, will follow current WriteFit Express and WriteFit program rules.
• eApps received at Securian Financial on or after June 1st, 2024, will follow new WriteFit program rules

Please give our life sales team a call at 800.792.6795 if you have any questions or need more information about the WriteFit process.