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Launching July 29: Enhancements for Lumico Simplified Issue Final Expense

 

Exciting news! Effective July 29, 2021, we have lowered the rates for the Modified class on Lumico Simplified Issue Final Expense. We’re also introducing Simplified Issue Whole Life for issue ages 40-49, which offers the same great product features as our Simplified Issue Final Expense product.

 

Improved rates for Modified class

On average, we have decreased rates for Modified ~5%, giving you another competitive advantage. Clients eligible for the Modified class can purchase up to $15,000 in face amount.

 

Simplified Issue Whole Life insurance for ages 40-49

Lumico Simplified Issue Whole Life is available for issue ages 40-49. This product may be a good fit for clients looking for a fast, easy way to secure permanent life insurance coverage. It uses the same application and the same policy form as Lumico Simplified Issue Final Expense. Below are the underwriting classes and maximum face amounts offered:

  • Preferred: up to $50,000
  • Standard: up to $30,000
  • Modified: up to $15,000

Marketing and training materials will be updated and provided to you by your Account Manager in the next few days. If you have any questions, please contact your Account Manager directly.

 

Thank you!

Lumico Distribution and Sales team