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800-898-9641 quote request 800-898-9641 Quote Request Secure Upload Products Markets Sales Tools Forms Carrier Applications Training & Resources Videos Blog Get Started About Careers Contact Select Page get started quote request COVID-19 Updates In this rapidly evolving situation, we will post carrier updates as soon as we receive them below. Also, you can download a PDF summary of changes here . The Standard: COVID-19 Updates NOVEMBER 12, 2020 UPDATE: We’re extending our current labs and exams requirements. We won’t require labs or exams for the following applications until further notice: Product Maximum Benefit Platinum Advantage $10,000 Business Overhead Protector SM $25,000 Business Equity Protector SM $1,000,000 Please contact your case manager with questions. JULY 31, 2020 UPDATE: As we all adapted to the COVID-19 pandemic earlier this year, The Standard introduced several temporary guidelines to help customers get and keep IDI. On July 31, 2020, these temporary guidelines will expire and will return to normal guidelines with one exception. Learn more . Principal: COVID-19 Updates Use this resource with your clients who place their trust in our insurance solutions. Please also refer to this page on IDI Underwriting . DECEMBER 3, 2020 UPDATE: Clients That Were Diagnosed With COVID-19 If non-hospitalized – we need to be 30 days since diagnosis with no residuals and working on F/T basis (for those 30 days) before we can offer coverage. If hospitalized – we need to be 3 months since diagnosis with no residuals and working on F/T basis (for those 30 days) before we can offer coverage. Final underwriting action is subject to a fully completed application, MIB check, income verification, coverage in force and applied for and our routine underwriting guidelines. NOVEMBER 24, 2020 UPDATE: General underwriting guidelines for Individual Disability for clients who have had or tested positive for COVID-19. If non-hospitalized – we need to be 30 days since diagnosis with no residuals and working on F/T basis (for those 30 days) before we can offer coverage. If hospitalized – we need to be 3 months since diagnosis with no residuals and working on F/T basis (for those 30 days) before we can offer coverage. Final underwriting action is subject to a fully completed application, MIB check, income verification, coverage in force and applied for and our routine underwriting guidelines. AUGUST 28, 2020 UPDATE: Beginning with Benefit Update anniversaries on Sept. 1, customers will once again need to exercise at least 50% of their eligible Benefit Update to maintain the rider. For those customers who lost their Benefit Update riders between March 11 and Aug. 31 for reasons other than reaching the maximum age, we’ll begin the process of restoring riders in early to mid-September. Customers will receive a letter notifying them once this is complete. Traditional guidelines that go back into effect August 1 will feature new, more liberal limits for many clients. HIGHER LAB and PHYSICAL MEASUREMENT LIMITS: Effective August 1, clients age 50 and younger will have no lab or physical measurement requirements for the following products and benefit amounts: Disability Income: up to $10,000 per month Business Overhead Expense and Business Loan Protection rider: up to $25,000/month Disability Buy-Out and Key Person: up to $750,000 Additional things to know Limits for applications where the applicant is a resident of California or New York return to pre-COVID-19 levels: Disability Income: up to $6,000 per month Business Overhead Expense and Business Loan Protection rider: up to $10,000 per month Disability Buy-Out and Key Person: up to $360,000 Multi-life cases, ages 51-64, will have pre-COVID-19 limits of $6,000 per month for Disability Income, $10,000 per month for Business Overhead Expense and Business Protection Rider, and $360,000 for Disability Buy-Out and Key Person. The new benefit limits do not apply to: Income verification limits for Simplified DI The Medical Resident Program Attending physician statements We’re expanding the use of Human API for all medical record requests. Please contact your underwriter and they can let you know the process for Human API if you’re interested in utilizing that process in lieu of the traditional APS. Benefit Update Rider (BUR) Has Returned to Pre-Covid Guidelines New applicants must apply for 75% of eligible coverage to qualify. Existing customers exercising the BUR must accept at least 50% of the increase offer to keep the BUR. We will write doctors up to the maximum monthly benefit based on income or they can also use the select professional limits if they qualify. We will offer dentists DI coverage; however, we use 75% of their income to calculate the benefit amount. If their current income is $100K, we would use $75K to calculate the benefit amount. For W2 dentists, we can use their full income. Tax forms We recognize that 2019 tax forms may not be available. We’ll attempt to use 2018 information and any 2019 information available to evaluate your client’s application. Doctors and Dentists Not at Work Principal will write dentists or doctors who are not currently actively at work due to Covid-19 up to our Select Professional Limits. Ameritas: UPDATE / DECEMBER 2020: Clients That Were Diagnosed With COVID-19 In most cases applicants that were diagnosed or suspected of having COVID-19 will be postponed for a minimum of thirty days following full recovery or confirmation that the applicant was not diagnosed with COVID-19. The final underwriting decision will depend on the characteristics of each case, including but not limited to age, overall medical history, and severity of infection. With confirmed diagnosis of COVID 19 and not hospitalized with no residuals like fatigue, after a full recovery, we can consider after at least 30 days since diagnosis has passed – which for those individuals usually ends up being roughly a few weeks post-recovery – and without modifications, subject to medical records. UPDATE / JULY 2020: These pieces were developed to help you do business with Ameritas during the current COVID-19 pandemic. FAQ Grace Period Extensions COVID-19 and DI Business Practices FAQ COVID-19 and Disability Income Insurance New Process – Agent Payment of Fees/Debt Benefits UPDATE / JUNE 2020: EZ-App Guidelines for BOE included NEW Financial, Occupational and Medical Considerations PLEASE READ BELOW! In general, if a proposed insured is furloughed, unemployed, has closed his or her business, or is not actively at work on a full-time basis (minimum 30 hours per week) due to COVID-19, an application may not be taken or submitted to the home office, nor can a policy be delivered to an applicant under such circumstances. Applicants temporarily working from home may still apply for coverage provided they are working on a full-time basis (minimum 30 hours per week). Each policy issued will include an amendment confirming that the statements made pertaining to occupation, occupational duties, hours worked per week and income have not changed from the responses recorded in the Application for Insurance. Prior to policy delivery, producers need to confirm with the applicant whether or not any of these have changed. If there are changes, the producer will need to contact the underwriter to discuss the new information so we can determine if the underwriting decision needs to be revised. This amendment is not required for applicants applying for coverage under one of our professional, residency or fellowship programs. In most cases applicants that were diagnosed or suspected of having COVID-19 will be postponed for a minimum of thirty days following full recovery or confirmation that the applicant was not diagnosed with COVID-19. The final underwriting decision will depend on the characteristics of each case, including but not limited to age, overall medical history, and severity of infection. Please note, Good Health Statements may be ...