News: Fidelity Life Association

New Maximum Issue Age for Accidental Death Benefit is 59

Posted on 6/26/2014 by in death benefit changes age

Commission advance maximum 50%.

Accidental Death Benefit Product Changes – Issue Age and Advances

In our continued efforts to be able to provide products that are sustainable for all of our partners, we are implementing the following changes to our stand alone Accidental Death Benefit product. These changes will be effective August 1, 2014.

  • The new maximum issue age for an Accidental Death Benefit policy is age 59.
    • All Accidental Death Benefit applications for issue ages 60 to 65 need to be signed
    • and submitted before Thursday, July 31st. New Business will not accept nor process any ADB applications for issue ages 60-65 received thereafter.
  • The new maximum annualized advance Fidelity Life can offer on Accidental Death Benefit commissions is 50%
    • Any Accidental Death Benefit application that is submitted after Thursday, July 31st, where the compensation agreement in place is over 50%, will automatically be reduced to 50% and applied to all subsequent ADB business submitted thereafter.

We appreciate your continued interest in Fidelity Life Association and the products and systems we have developed to help serve the Middle Market.

Please go to: FIDELTY LIFE AGENT RESOURCES for more information on our products and services.

Thank You,

Fidelity Life Sales and Marketing

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