Additional details for age and amount increase

Equitable^® is continuously investing in technology to automate our EZcomplete^® application processes and use predictive analytics to underwrite insurance risks to reduce the amount of medical evidence required from applicants.

As a result of this, we’re pleased to announce that the non-medical age and amount limits are increasing effective April 2, 2022 for all life insurance products.
The evidence of insurability requirements will be limited to non-medical evidence for insurance amounts up to:

• $3,000,000 for ages 18 to 50,
• $500,000 for ages 51 to 55, and
• $100,000 for ages 56 to 60

 
There will also be a change to the minimum amount of insurance required to be considered for preferred risk classifications on our term insurance coverages.
Preferred Term Underwriting will be available for Term insurance coverage amounts:

• Greater than or equal to $2,000,000 for age 18-50, and
• Greater than or equal to $500,000 for ages 51-60. 
• Preferred Term Underwriting will no longer be available for ages 61 and up
• Additional medical evidence will be required for Preferred Term consideration

Updates to Equitable Sales Illustration^® software and electronic applications are effective April 2, 2022.
 
If you are completing a Paper Application (Form 350) with your client we will need you to tell us your client would like to be considered for Preferred Underwriting.
 
Step 1: Indicate that you are applying for Preferred Term consideration in the Advisor’s Notes section:
 

Step 2: Indicate which requirements you have ordered in the Underwriting Requirements:


 
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