Illinois Mutual DI – Increased DI Non-Med Limits
- July 14, 2021
- Carrier News, Disability, Life Insurance
Effective Immediately
Updates to DI Non-Med Limits and Financial Documentation Guidelines
Illinois Mutual is here to help you make the best possible disability income insurance (DI) offers to your clients. That’s why we increased our DI non-med limits from $3,000 to $5,000 for the 18-50 age group – effective immediately.
NEW! Updated DI Non-Med Limits
Total Monthly Amount of Insurance Applied For and In Force With This Company
For Ages 18-50Non-Med: $200-$5,000 Abbreviated Paramed, Blood Profile, Urinalysis: $5,001+ |
For Ages 51-60Non-Med: $200-$3,000 Abbreviated Paramed, Blood Profile, Urinalysis: $3,001+ |
Changes to Financial Documentation Guidelines for Self-Employed and Business Owners
•One year of income documentation is required for benefit amounts between $3,001 and $5,000 per month (including Integrated Monthly Benefit Rider and existing coverage, all sources).
•Two years of income documentation is required for benefit amounts greater than $5,000 per month (including Integrated Monthly Benefit Rider and existing coverage, all sources).
- July 14, 2021
- Benkis Barrueta
- Carrier News, Disability, Life Insurance
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