Who gets the additional coverage offer?
Instant approvals only—both as applied and other than applied for (OTAF). There are edge cases (e.g., if someone already has Choice coverage) where instant approval Ethos Protection IUL offers do not see Choice, but most will.
When will they see the offer?
The offer appears on the approval page, which is just after adding beneficiaries, and before the final look/checkout page.
Can clients adjust coverage?
Yes, they can adjust term length and coverage amount within pre-set limits.
How is compensation paid?
Compensation for both products will continue to be paid according to existing product-specific terms.
How is the term offer determined? Is the Ethos Protection IUL offer independent of the term offer?
The original Protection IUL offer is made independently and not reduced to provide the additional Choice with Living Benefits offer. Term coverage adds to the approved Ethos Protection IUL offer coverage.
Can the draft dates be different?
Yes, draft dates can be edited on the Final look (checkout) page.
Can there be different beneficiaries for both products?
By default, beneficiaries are the same for both products, but they can be changed on the Final look (checkout) page.
Can clients use living benefits from both policies?
Yes! Each rider can be triggered in accordance with the two independent policies.
Updated