Securian Announces Changes to WriteFit Underwriting Program

From Securian:

WriteFit changes taking effect June 1, 2024

Effective June 1, 2024, Securian Financial is making some changes to our WriteFit Underwriting™ program that will help improve the customer experience, increase efficiency and simplify underwriting requirements. These changes will also impact our eApp requirements and support the transition to a more digital application process.

What’s changing:

• WriteFit Express will be discontinued.

• WriteFit eligibility will be ages 0–60.

• WriteFit will be required for all eligible products with face amounts of $500,000 or less for ages 0–60.*

• Term minimum issue age will increase to age 18 (previously 16).

• Juvenile term policies will no longer be available, this includes New York.

eApp requirements and new guidelines you need to know:

• eApp requirement on term policies with face amounts of $3M or less; permanent policies with face amounts of $500,000 or less

• eApp requirement on joint life policies with face amounts of $500,000 or less

• Increased minimum face amounts to:

• $250,000 on term; this includes New York

• $100,000 for all ages on indexed universal life (IUL) products; still $200,000 for survivorship products