Effective February 1, 2022, TLE 30T Return of Premium (ROP) now has Critical Illness and Chronic Illness Riders available in addition to the Terminal Illness Rider. These riders allow your clients to access a portion of their death benefit early due to terminal, chronic or critical illness.
Our TLE ROP product is a great way to provide your clients with options, and now, it’s better than ever. Learn more about these changes with this flyer.
Here’s what you need to know:
Chronic and Critical Illness Riders will be added to TLE 30T ROP.
TLE 30T ROP rates will increase by an average of 5% in all cells. TLE Non-ROP rates will remain the same. You can view the new rates by referring to the quoting software beginning February 1, 2022.
Electronic Applications: Applications signed prior to February 1, 2022, will receive the old rates and available riders. Applications signed on February 1, 2022, or after will receive the new rates and additional available riders.
- Applications signed prior to February 1, 2022 will receive the old rates and available riders.
- Applications signed February 1 – 28, 2022 will receive the new rates and available riders.
- Applications signed on or after March 1, 2022 will require the updated ABR form, as well as will receive new rates and available riders.
- If the old form is received, the new ABR will be a delivery requirement to be signed and returned to the home office.
Mobile Quotes, iPipeline, and Winflex quoting software will be updated effective February 1, 2022. To ensure rates are appearing properly, please update your software on or after this date.
Forms and Marketing Materials
Paper applications and all marketing materials have been updated and are available for ordering via your normal ordering channel, or by contacting firstname.lastname@example.org.
If you have any questions regarding the reprice, please reach out to a member of your Life Brokerage Sales Team.