Recent Enhancements to our ExtendCare Rider
Offer clients an even stronger life insurance solution with a powerful combination of a Protective Life UL and ExtendCare.
We understand the importance of clients receiving care quickly if a chronic illness arises. That’s why we enhanced the ExtendCare rider available with our universal life products*. We have redefined the expectation of loss of Activities of Daily Living down to 90 days instead of 12 months, allowing your clients to address the financial burden a chronic illness could cause more quickly.
Transition Rules:
- For paper business: applications must be signed and received on or before November 2, 2020.
- For ticket business and direct writer: applications must be signed and received on or before November 16, 2020.
- Any application in underwriting on October 19, 2020 may choose between the old and new version of the rider but will retain the rates they are initially quoted unless otherwise requested up until the case has been approved.
- For those selecting the new version of the product, the policy effective date must be October 19, 2020 or later and an amendment to the application (signed and dated October 19, 2020 or later) will be required.
*Does not apply to Protective Classic Choice UL
This is only a summary of ExtendCare benefits.
ExtendCare (L652 7-20/ICC20-L652) is available only at issue and at an additional cost. Actual terms and conditions contained in the rider govern all benefits provided. Please see the rider for more detailed information. Assumes medical and financial underwriting qualifications at time of initial application.