Asset Care Changes 5.22 update

All issuers of life insurance are required to reprice the products to align with the 2017 CSO mortality table.  This includes Asset Care.  As a result, the whole of Asset Care has been revised and repriced targeting a launch of July 2019.

Training opportunities
We’ll be hosting national webinars on the new Asset Care product every Tuesday and Thursday in June and July. Producers from all distribution channels are encouraged to participate.

Click here to register for a FREE webinar today »

State Approvals
The Asset Care Product Launch and Advertising Approval tracking spreadsheet shows the most current state availability information. After the initial launch, you may continue to sell the current product in states where the new product has not launched.

Transition Rules
Paper apps for the current product must be received in the Home Office by end of business on June 28, 2019. eApps must be locked and sent for signature by end of business on June 28, 2019 and must be received in the Home Office by end of business on July 12, 2019. Applications submitted through both submission methods must have the underwriting interview ordered by June 28, 2019.

July 1 Launch States
Market launch in AL, AK, AR, CO, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NM, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, WY