Global Atlantic Opens Foreign National and Underwrites to age 79
- September 1, 2020
- Carrier News, Life Insurance
In March 2020, Global Atlantic announced temporary underwriting guidelines to address the risks associated with the Covid19 pandemic. These changes were necessary to ensure that Global Atlantic’s underwriting philosophy and processes remain a strategic advantage in a rapidly changing environment.
We are pleased to announce the following updates to the temporary guidelines put in place in response to Covid19:
Current Underwriting Guidelines March 2020 |
Applications will be accepted Effective September 1, 2020 |
|
---|---|---|
Domestic Applications | Postpone applications for ages 70+. | Individuals ages 70-79, standard or better only, up to $10 million. |
High Net Worth Foreign National Program |
Postponed | Foreign National cases that meet Global Atlantic’s regular guidelines. For age 70+ standard or better only, up to $10 million. Click HERE for more information. |
Foreign Travel | Postpone U.S. citizens or permanent residents for 30 days after travel outside the U.S. |
U.S. citizens or permanent U.S. residents traveling outside the U.S. |
All policies | Postpone applications up to age 69 with rating higher than Table D/4.
Global Atlantic will continue to employ a prudent underwriting approach for cases at higher risk to Covid19 based on age and medical condition. Good Health Statement will be required at policy delivery attesting that there has been no change to the insured’s health. |
Please email us at [email protected] or give us a call at 801-568-2626 and ask for someone on our life quote team.
- September 1, 2020
- Scott Karstens
- Carrier News, Life Insurance
Looking for Something?
NFG Brokerage
We are a National Brokerage General Agency helping our Distribution Partners  achieve great results.
Request a free quote
Our Team is ready to help. Â Click the button below and be sure to include the details of your quote...we will be back with you As Soon As Possible.