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New Minimum Face Amount Limits on Symetra UL-G, CAUL and Term Products Effective October 19, 2017

Published on September 18, 2017

 

For complete details, see the Symetra memo below. 

 


 



September 18, 2017 

Effective October 19, 2017 we will be increasing the minimum face amount limits on our Symetra UL-G, CAUL and Symetra Term products. These increases in face amount limits are consistent with other carriers. New minimum face amount limits are as follows:

  • Symetra UL-G and CAUL:  $100,000
  • Symetra Term: $250,000

Please see important deadline dates and transition rules below.


Symetra UL-G, CAUL and Term Important Dates:

  • By October 20, 2017 all formal applications with face amounts below the new minimum must be received in good order (fully completed, signed and dated application) at the Symetra Home Office.
  • Symetra Life Illustrator and Winflex Illustration systems will be updated with the new face amount limits on October 19, 2017.
  • December 29, 2017 is the final date that policies with the lower minimum face amounts must be issued/paid. For 1035 exchange cases, the deadline date will be extended if the only outstanding requirement is the receipt of 1035 funds.

 

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