Transition Rules

Simplified Underwriting Limit Increase for Medical and Dental Residents and Fellows

Residents can now apply for new-in practice limits with Simplified Underwriting.

Residents ages 18-45 in the six months before or after completing training can apply for an income protection policy up to $6,500 or $7,500 — depending on specialty — with Simplified Underwriting.

• Simplified Underwriting applications pending an underwriting decision. Monthly benefit amounts for resident and fellow applications may be increased up to new-in-practice limits, if requested.¹
• Traditional Underwriting applications pending an underwriting decision. If a resident or fellow has applied for more than $6,000 in monthly benefits but below new-in-practice limits, we’ll waive income documentation and medical labs, if not completed yet.²
• Policies out for delivery. If requested, we’ll review policies that were processed under Simplified Underwriting to determine eligibility for increased monthly benefit amounts.¹

Our underwriters are reviewing all current applications to determine which would qualify for Simplified Underwriting — and no medical lab tests — under the new guideline.

Medical Lab Test Requirement Change for Medical and Dental Occupations

Medical and dental occupations are no longer required to submit a blood profile and urinalysis due solely to their occupation.

Medical underwriting requirements will be determined by issue age and amount applied for, regardless of occupation.

• Applications pending an underwriting decision. If medical labs are not required under the rule change, the lab testing may be canceled.

Our underwriters are reviewing all current applications to determine if medical lab tests aren't required under the new guideline.

1  All monthly benefit increases are subject to underwriter approval.

2  We will consider medical lab tests during underwriting, if received.