Global Atlantic Life Insurance Underwriting Update

 

From Global Atlantic

Global Atlantic is transforming its business to bring a modernized, digital, and client-centric experience to its distribution partners, financial professionals, and policyholders. This transformation will encompass the products we provide and improve how we do business together.

Along with these enhancements, Global Atlantic continuously adjusts our business model to match
current financial conditions and risks. Accordingly, we will be exiting the Foreign National life insurance marketplace on Friday, July 15, 2022. Global Atlantic will continue to provide competitive, strong cash accumulation and death benefit t focused life insurance products for your other customer segments.

Please review the key dates and information listed below:

• Friday, July 15, 2022: At the close of business on July 15, 2022, we will no longer accept Foreign
National life insurance applications. All applications must be in good order and received by
Global Atlantic on or before July 15, 2022.
• Friday, October 14, 2022: To accommodate the additional time it takes to obtain foreign
medical records, verify financials, etc., we are providing time for case issuance/payment. All
Foreign National cases must be issued and paid on or before October 14, 2022. Any Foreign
National cases not paid by October 14, 2022, will be closed out as incomplete.

Global Atlantic only accepts applications from firms previously approved by Global Atlantic to sell Foreign National cases. Global Atlantic will not accept any Foreign National applications from unapproved firms, now or during the above timeframe.
At Global Atlantic, we know that changes to our business have impacts on yours. While we are
exiting the Foreign National life insurance marketplace, we remain committed to providing
competitive life insurance solutions for you and your clients.
We sincerely appreciate your business and partnership. As we continue to improve our operation,
we will keep you informed of new products, tools, and capabilities.

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