Ameritas Updates on COVID Guidelines
Ameritas Life Insurance Corp. is pleased to announce the elimination of several temporary COVID-19 restrictions, effective July 30, 2021. We are also updating the guidelines related to the Good Health Statement.
Additional Information:
We are no longer requiring a COVID amendment to be signed at policy delivery unless an offer was obtained from facultative reinsurance.
Going forward, Good Health Statements will be required on the following cases:
• Substandard cases.
• FAC Reinsurance cases.
• Applicant ages 65+.
• Face amounts of $5m+.
• Issued policies more than 30 days from approval.
• Individual consideration as determined by the underwriter.
The following Temporary Underwriting guidelines remain in effect to address the ongoing impacts of the pandemic:
• Applicant’s age 80 and older will continue to be postponed until further notice.
• The annual renewable term (ART) continues to be suspended until further notice.
• The low band product for ages over 70 continues to be suspended.
• Applicants 70-79 who are considered substandard will be evaluated on an individual consideration (IC) basis.
For a producer or registered representative use only. Not for use with clients.
Ameritas also offers other underwriting processes that can help you and your clients including non-med underwriting and accelerated underwriting. Please refer to the Ameritas Accelerated Underwriting guide for more details.
We will continue to assess the impacts of the COVID-19 pandemic and the impact on our business. These guidelines may be altered or eliminated as the pandemic situation evolves.