Securian: Changes to COVID-19 Participation Guidelines
Securian Financial remains focused on delivering high levels of service, helping customers with their insurance needs and maintaining the company’s financial strength. Your support in delivering on this focus has provided valuable insights to best navigate the unpredictable nature of a pandemic while addressing the additional risks it presents.
We are pleased to announce the following changes to the temporary COVID-19 participation guidelines effective January 1, 2021:
Expanding the issuance of second-to-die policies when one insured age 75 or younger receives a standard or better mortality evaluation, the other insured must be rated:
§ Table H (300%) or better if insurance age is 50 or younger;
§ Table F (250%) or better if insurance age is 51 through 60;
§ Table D (200%) or better if insurance age is 61 through 70;
§ Table B (150%) or better if insurance age is 71 through 75.
Expanding the issuance of SecureCare Universal Life (UL) policies to include applicants assessed at mortality Table B (150%) or better. All others will be postponed until at least March 31, 2021.
WriteFit1 expansion to $3,000,000 for applicants ages 18-50 will continue.
All other participation guidelines, including money not being accepted with new applications and temporary insurance agreements not being available, continue until March 31, 2021.