Securian – Final Reminder: SecureCare III coming Soon to AZ, CT and IN

From Securian

SecureCare™ III, a long-term care (LTC) and nonparticipating whole life insurance policy, will be available in AZ, CT, and IN on June 27.

This is your final reminder to review key dates and transition rules before the new product goes live.

Key Dates

• Friday, June 24, 2022: Applications for SecureCare Universal Life in AZ, CT, and IN must be signed, in good order, and received by Securian Financial’s home office or submitted via eApp by 3 p.m. CST.
• Saturday, June 25, 2022: SecureCare III will be available in AZ, CT, and IN on eApp. Collect all required eSignatures for SecureCare Universal Life and submit your eApp to Securian Financial before 3 p.m. CST on June 24 to avoid impact.
• Monday, June 27, 2022: SecureCare III will be available in AZ, CT, and IN. To accommodate SecureCare III’s product changes, we will offer a new application

Transition Rules

• All licensing and LTC certification training must be in good order before the sale of any LTC products. Review LTC licensing and training requirements in each state.
• Applications for SecureCare Universal Life in AZ, CT, and IN must be signed, in good order, and received by Securian Financial’s home office or submitted via eApp by 3 p.m. CST on June 24. If a new application is needed due to a licensing issue or because the application is not in good order, the client will no longer be able to apply for SecureCare Universal Life and will need to apply for SecureCare III.
• If a client has already submitted an application for SecureCare Universal Life and started the underwriting process, but wants to switch to SecureCare III, a new application is required. This must be sent to us, along with a cover letter explaining the desired change. Any completed underwriting requirements will be applied to the new application.
• SecureCare Universal Life policies that have already been issued, paid and in-force cannot be exchanged for SecureCare III, unless the policy is in its free-look period.