New Replacement Requirement in Rhode Island

To satisfy Rhode Island Life Insurance Replacement Regulations, the Replacement of Life Insurance or Annuities – Rhode Island form (NB5198RI) is now required on both internal and external replacements. With this change, the form has also been updated to capture some additional details about the replacement.

Please note that there have been no changes to the Replacement of Life Insurance or Annuities – NAIC Model Regulation form (NB5011), and this is still a requirement for all replacements.

The updated Replacement of Life Insurance or Annuities – Rhode Island form (NB5198RI) is effective immediately. Please transition to using it within 30 days of today’s effective date (January 22, 2024). You can find the updated NB5198RI on JHSalesHub.com and through the form vendors we support. The new form will automatically transition to our digital-submission platforms in the coming weeks. 

With their focus turning to planning for 2024, your inforce customers may have questions about their policies. Find the most current details about your book of business on JHSalesHub.com, including newly enhanced inforce policy summaries that provide you with more robust data.

Offering a thorough overview of your customers’ coverage information and policy performance, these summaries now include additional information, such as Vitality Points and Status, a comprehensive fund and/or indexed account breakdown and a new riders section.

To access policy summaries, click on “View inforce policies” from the JHSalesHub.com homepage.