COVID-19 Life Insurance Carrier Updates

Our life insurance carriers are making guideline adjustments in response to COVID-19.  Below you will find highlights from each carrier, many of which are trying to allow for alternatives to paramed exams if the client meets certain criteria.  Please keep in mind these guidelines are temporary and are subject to change.

Click on the carrier's logo to view the news article with additional information. 

Effective May 12, 2021:

  • Temporary underwriting restrictions (that have been in place since April 2020) will be lifted, and normal pre-COVID-19 underwriting guidelines will be in effect.
  • AIG will continue to require a current Statement of Health for all policy approvals.
 The following ages are being postponed at this time. 
  • Ages 80+: Postpone all cases until COVID-19 pandemic contained 
  • Ages 60-79: Postpone all cases that require a rating of higher than table 4 or flat-extra of $5 per thousand or more for a medical reason. 
  • Ages 70+: NIA/Good Health Statement is required on all cases.
Applications for life insurance are not currently being accepted on clients age 70 and older. No changes have been made to issue limits at this time.
Assurity has temporarily suspended the practice of offering conditional receipt coverage upon application submission for all life insurance products. 

Human API for APS!

Effective 06/03/2021:

  • Full consideration based on pre-COVID underwriting guidelines for ages 20 through 70
  • Banner will continue to postpone ages 71 and over with a tentative rating exceeding Table 2 AND the risk profile includes any of the referenced underlying chronic conditions
  • Click here for full details
Updated 6/9/2021:
Cincinnati Life is temporarily not accepting applications for the following:
  • Ages 60-79 with rating greater than Table 4 or Flat Extra greater than $5 per $1,000 due to medical impairments
  • Ages 80 and above

Updated 6/1/2021:

  • Temporary COVID-19 guidelines updated for applicants up to age 65
    • Full retention, auto pool, and jumbo available
    • All ratings now allowed with two exceptions:
      • BMI ≥ 38 limitation remains in place
      • For Ages 51–69, unable to offer if Table D or higher AND rated for any listed COVID-19 comorbid conditions
  • Survivorship changes
    • Max face amount = amount allowed for the youngest life
    • Max rating = each Insured must meet the criteria for their respective age
  • Asthma was removed from list of comorbidities
  • All other guidelines remain unchanged (for ages 66+)

Up to age 65: normal underwriting guidelines
Ages 66-75:  Table 6 or better
Ages 76-79: Table 4 or better
Ages 80+ Postpone

Global Atlantic will continue to employ a prudent underwriting approach for cases at higher risk to Covid19 based on age and medical condition

Human API for APS!
John Hancock has resumed accepting and processing applications on individuals up to and including age 90
John Hancock will routinely consider recent medical records as an alternative to a current paramed or exam:   
    i.  Face amounts up to $5 million for ages 18-65
    II. Face amounts up to $3 million for ages 66-70
For these cases, medical records should include a comprehensive visit with a physical and labs within the last 12 months, accompanied by a completed Part II medical supplement form.

Effective May 10, 2021:

  • The Table Reduction Program (TRP) is now available! Consideration for up to $10 million maximum face amount, through age 70, for Table 3 to Standard rate classes  
  • Internal Retention Limits have been increased up to $20 million for permanent life insurance products 
  • Substandard ratings, up to Table 4, will be considered for all ages through 80  
  • Cases assessed with a Flat Extra up to $10.00 per $1000 will be considered 
  • Table Rated and Flat Extra combo cases will be considered with up to Table 2 (150%) with a Flat Extra up to $10.00 per $1000
  • Lincoln MoneyGuard® cases for ages 71 and up will now be considered for the following products:
    • Lincoln MoneyGuard® III, ages 71 – 80
    • Lincoln MoneyGuard® II, ages 71 – 79
    • Lincoln MoneyGuard® II NY, ages 71 – 79
Nationwide will consider alternative sources of medical information, through issue age 60, when an exam is necessary for both traditional business and for their Intelligent Underwriting process.
  • Ages 0 - 60:  Maximum rating of Table 6
    • Maximum Flat extra = $9.00 per thousand
  • Ages 61 - 70: Maximum rating of Table 4
    • Maximum flat extra = $6.00 per thousand
  • Ages 71 - 75: Maximum rating of Table 2
    • Maximum flat extra = $3.00 per thousand
  • Ages 76 - 79: Standard.  Case cannot be rated or have a flat extra.
  • Ages 80 and up: No offer - Postpone
Pacific Life will use other available data sources to underwrite in lieu of in-person exams for issue ages 60 or younger, up to $1 million, Standard or better risk class.
Smooth Sailing is available for ages 50-69! 
Pacific Life is able to extend offers to PL Promise GUL and PL Promise Term applicants who are:
  • Ages 65 and below for all ratings through Table H
  • Ages 66–70 all ratings through Table D
  • Ages 71-80 at Standard or better risk classes
Human API for APS!
Get your clients started with Accelerated Underwriting!
Principal is offering additional solutions to underwrite without exam requirements through age 60.
  • Up to age 59: maximum table rating of either Table 6 or a flat extra of $10.00/1000
  • Ages 60-80: maximum table rating of either Table 2 or a flat extra of $5.00/1000
  • Ages 81+ will not be considered at any rate class until further notice
  • For survivorship cases, both lives need to meet the new guidelines.
  • Risks with a combination of a table rating and flat extra will be postponed.
  • Postponing coverage on individuals who are age 80 and above.
  • Ages 70 - 79: Applicants must qualify for Standard or better and have no significant underlying medical condition or treatment that makes them more susceptible to COVID-19 death.*
  • Ages 60 - 69: Applicants must qualify for Table 4 rating or better and have no significant underlying medical condition or treatment that makes them more susceptible to COVID-19 death.*
  • Ages 0 - 59: Protective will consider applicants with all medical impairments through Table 4. Applicants rated over Table 4 will be considered on a case-by-case basis if the individual has no significant underlying medical condition or treatment that makes him or her more susceptible to COVID-19 death.

Human API for APS!
Fast Track eligibility increased to $3 million up to age 60!
  • Postponing cases age 65 & up with Table D or higher rate class.
    • At ages over 60, this same guidance may apply, and Prudential will pay special attention to a history of ratable coronary artery disease and immunodeficiency disorders. 
  • Postponing any case with chronic respiratory condition.
  • Not accepting applicants for clients ages 80 and up.
  • Not accepting prepaid cases.

Effective July 1, 2021: 

  • Insurance age 81 and older: new applications will not be accepted. 
  • Insurance age 76 – 80: Applicants assessed at standard or better rates will be issued. All others will be postponed until at least September 30, 2021.
  • Insurance ages 71 – 75: Applicants assessed at Table B (150%) or better rates will be issued. All others will be postponed until at least September 30, 2021. 
  • Insurance ages 61 – 70: Applicants assessed at Table D (200%) or better rates will be issued. All others will be postponed until at least September 30, 2021. 
  • Second-to-die policies will require both lives meet the rate class requirement for their respective ages. 

Money will not be accepted with new applications until at least September 30, 2021, and temporary insurance agreements will not be available during this time

The WriteFit Underwriting program has been expanded and allows most clients to get through underwriting without an exam. Write Fit expansion to $3,000,000 for applicants age 18 – 50 will be permanent.

For cases aged 59 or younger: if rated Table 7 or higher, SBLI is postponing applications until further notice. 
For cases aged 60 or older:  if rated Table 3 or higher, SBLI is postponing applications until further notice.
SBLI's Accelerated Underwriting is an exam-free solution!  Available for ages 18-60 applying for up to $750k of coverage. No exams. No fluids. No fine print!
Up to age 70 and up to $5 million, Symetra will consider cases on a case-by-case basis where a paramed exam cannot be completed, if insured has had a complete physical within the past 12 months which includes blood work results.
  • Ages 80 and above: Postpone 45 days
  • Ages 70-79 (all risks over Standard Non-Nicotine): Postpone 45 days
  • Ages 66 and above with co-morbidities: Proposed insureds having one or more of the following co-morbidities or a single co-morbidity rated Table 2 or higher will automatically be postponed. Co-morbidities include coronary artery disease, diabetes, pulmonary issues, obesity and immunosuppression disorders.
  • Ages 65 and above who vape: If the proposed insured vapes or uses vaping products, the case will be declined.
  • Smokers: Smokers who are not Standard or better will be postponed.
Transamerica is offering additional options to satisfy medical requirements which includes increased non-medical guidelines through age 55.
  • Ages 56-75:  Rated over Table B for CAD, Cancer, Respiratory, Hypertension and diabetes, will require referral to MD for consideration
  • Not accepting applicantions for clients over the age of 75 for all products except for their Final Expense Solutions Portfolio
  • Effective 1/1/2021: Transamerica has resumed accepting applications with Long Term Care (LTC) and Living Benefit Riders (LBRs) for insured ages 56-75, subject to normal underwriting requirements.

Effective May 24, 2020

Reinstating the FIT underwriting program for ages 18-75 except for those with co-morbid conditions 

  • Ages 0-59: the client is eligible for best risk class underwriting. *Please note: if they have a co-morbid condition resulting in a rating higher than Table 4, it may be postponed
  • Ages 60-79: Risk class must be Table 4 or better
  • Ages 80 and above: Temporarily postponed

A current statement of health is required on all policy approvals.

  • For Issue Ages up to 60:  Zurich will continue to make offers on cases that are Table H or better, except if one of the following COVID-19 comorbidity conditions exists (click here for the list). 
    • If one of the following conditions exists, Zurich will make offers on cases that are Table D or better.
  • For Issue Ages 60-69: Zurich will continue to make offers on cases that are Table D or better.
  • For Issue Ages 70-79: Zurich will continue to make offers on cases that are Table B or better.
  • For Issue Ages 80-85: normal guidelines apply; insured must be Standard or better