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In this section, we have compiled information that will help you better understand how to do business with us, as well as provide you with key documents and resources regarding our Agency Services, New Business and Underwriting functions.
- Recently Added Content
Agents who have not previously written business with us will need to complete contracting paperwork to write business.
Fraud/AML Training Deck
Agent Market Conduct and Compliance Guide
Life Insurance Suitability and Best Practices Guide
Internal Replacement Guidelines
Guidelines for life insurance funded with qualified distributions
Compliance Bulletin: Guidelines for presenting life insurance as a source of supplemental retirement income
Compliance Bulletin: Guidelines on Replacements
Compliance Bulletin: Mandatory Disclosure of Adverse Actions
Compliance Bulletin: Florida Surrender Disclosures
Compliance Bulletin: Advertising Guidelines
Errors and Omission Coverage Renewal
Conflicts of Interest
Non-Resident Solicitation (Cross Border Sales)
Administrative Letter from Virginia on Adverse UW Decisions
March 2015 Bulletin
We realize the importance to both you and your clients of issuing policies as quickly and accurately as possible. A common occurrence that delays policy issue is when an application is approved for a different underwriting class than for what was applied.
As a reminder, all applications for permanent life insurance require a customer signature on an illustration or an illustration certificate prior to issue. If an illustration certificate is used, please ensure that you notate the underwriting classification for which the customer is applying. If we have an original signed illustration or illustration certificate in the file, AND the case is approved as other than applied for, updated issue instructions are required.
The goal of our Underwriting department is to complement and enhance the relationships you have with your clients. Comprised of a team with an average of 19.7 years of experience, we promise to provide you with the services and value you deserve. We do this through competitive and prudent underwriting decisions that ensure the needed protection will be there for you and your clients. We call this approach the Global Atlantic Underwriting Advantage. We recognize you have many choices of carriers, and we appreciate and value your trust. Thank you for doing business with us!
Please visit our Global Atlantic Underwriting Advantage webpage to learn more.
You should not take cash with an application, and the conditional receipt should remain attached, if the amount is over $3,000,000 or if you feel the proposed insured has a medical condition that may result in a high rating or a possible decline of coverage.
When accepting cash with an application, we require completion of the conditional receipt. You are responsible for explaining the conditions and limitations of the conditional receipt. The receipt has a start date and stop date. The life insurance limits for this conditional coverage are the lesser of $500,000 or the amount applied for if the proposed insured is insurable at the rate applied for, or $100,000 or the amount applied for, if the proposed insured is insurable, but at a higher rate than applied for. Money should not be taken and the receipt should not be detached for amounts applied for over $3,000,000. This information is outlined in the application for life insurance.
If the agent finds that there has been any change at all in the health or occupation of the person or persons insured under the policy, or if the agent learns of any additional information that would have a bearing on insurability, then the agent must not deliver the policy. We must be provided with a full statement of the facts and conditions and the policy held until the circumstances can be reviewed in the home office and instructions are received concerning its delivery or return. This procedure must be followed even though settlement was taken and the conditional receipt delivered at the time the application was written.
Also, a policy is not to be delivered if it was issued subject to a statement of health and insurability to be completed on delivery and there is an exception to the statement conditions. Information concerningthe exception should be furnished to us and the policy held until instructions or a release is received.
Products issued by and all policy benefits are the responsibility of Accordia Life and Annuity Company, 215 10th Street, Des Moines, Iowa. Accordia Life is a subsidiary of Global Atlantic Financial Group Limited.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company and Forethought Life Insurance Company. Each subsidiary is responsible for its own financial and contractual obligations.