OneAmerica Removes COI Requirement for Most Cases

From OneAmerica:

Effective immediately, we will no longer require a Certificate of Insurability (COI) to be completed at policy delivery if premium is submitted with the application and the policy is issued standard or better. As long as the premium is submitted with the application, doesn’t have a substandard rating, and bound via a temporary insurance agreement (such as in Cash with App cases), no COI will be required.

Additionally, we will no longer require a COI to be completed prior to initiating a request of funds or 1035 exchange. This requirement is currently still populating in our application system but will be removed shortly. In the interim, our New Business team or your case manager will waive the requirement at app entry.

As always, a COI may still be requested at the discretion of our underwriters and will continue to be included in the policy delivery packet to be completed when premium is collected upon policy delivery.