11-13-2007
MetLife adds new Occ Class and Simplified Issue Program.
Met has added 6S as their new top occ class. A select group of ten former 6A occupations have been upgraded to this class and have a 10% reduction in premium. If you have a case in underwriting currently, it will automatically be upgraded. There is also a 90 day look back for issued cases. It is important to know that it is not available in CA and as of 11.12.07, it is approved only in the following states:
Alabama, Alaska, Arkansas, Georgia, Hawaii, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maine, Mississippi, Missouri, New York, New Jersey, North Dakota, Ohio, South Dakota, Tennessee, Texas, Washington, Wisconsin, and Wyoming.
Met also has introduced a Simplified Underwriting program for individual and fully underwritten multi-life cases. It is available on both the Advantage and Essential products.
The issue limits are up to $3,000 per month, at issues ages up to 50.
BOE up to $7,500 is also available with this program.
For more details, download the pdf below.
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