RapidProtect indexed universal life insurance policies will begin accepting Individual Tax Identification Numbers (ITINs) in eApp on April 13.
If clients are not a good fit or don’t qualify for RapidProtect, they can apply for other IUL products issued by the companies of National Life Group.
We also introduced several updates in January to make the RapidProtect application process even smoother:
Beneficiary Selection at Application
Clients can name a beneficiary during the application instead of defaulting to their estate, eliminating the need to update it later.
Flexible Monthly Premium Draft Date
Clients can choose a monthly draft date that fits their finances, as long as it’s within 30 days of the application date.
Approved Rate Class Decision
Clients immediately learn about their approved rate class, Standard or Express (tobacco or non-tobacco).
About RapidProtect
RapidProtect is designed for busy clients who want a fast, simple path to coverage. It provides an instant decision with no medical exams or lab work and only a few health questions. Coverage is available up to $500,000 and may include Living Benefits and the potential to build cash value over time.
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