THE LIFE UNDERWRITING GUIDE - Resource Brokerage

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1035 ‘GOOD ORDER’ CHECKLIST YOU CAN KEEP YOUR 1035 EXCHANGES IN GOOD ORDER BY FOLLOWING <strong>THE</strong>SE HELPFUL TIPS: • The 1035 form is two-sided. Both sides need to be signed and completed by the policy owner. If the policy owner is an entity, include the authorized title of the person signing on behalf of the entity. • For policies owned by a trust, the signature requirements are the same. However, the signature must include the “Trustee” designation (i.e if the appointed trustee is John Smith, the 1035 paperwork should be signed “John Smith Trustee”). Be sure to provide a copy of the Trust Certification form with your New Business Application. If you are not submitting the 1035 Exchange as part of the New Business Application, we recommend providing a copy of the Trust Certification form (or the signature pages of the Trust Agreement) with the original 1035 paperwork. • Always provide the Social Security Number or Taxpayer Identification Number of the owner. • Policies that are assigned (e.g., bank or company) require two bank or company officer signatures with titles in the designated signature area. An assignment to an individual or multiple individuals requires the signatures of the assignees. • Include the full name of the other insurance company as well as the policy number. To ensure fastest processing, a copy of the premium statement or the policy is required. If a copy of the policy is not available, have the client sign a statement that the policy is lost and submit it with the 1035 paperwork. • Verify that the owner of the new contract is the same as the owner of the other insurance policy on 1035’s (i.e. if a name change has occurred, please provide a copy of the supporting documentation such as a marriage certificate or divorce decree). • The agent is required to sign as the witness to the policy owner’s signature. • Check the appropriate loan option that is applicable to the surrendered policy. If there is an existing loan with a taxable gain that will not be carried over to the new policy, a separate client statement will be required to proceed. • Identify any 1035 Exchange information to expedite processing. MET/NEF 1035 PROCESSING External 1035 Exchanges Original 1035 exchange forms should be imaged, photocopied and mailed. Retain the photocopy in your pending files. MetLife 18210 Crane Nest Drive Tampa, FL 33647 Attn: 1035 Exchange Dept. Internal 1035 Exchanges Original 1035 exchange forms should be imaged. You are not required to photocopy and mail them. Include only paperwork intended for the 1035 Exchange department. Paperwork intended for other departments should be forwarded directly to that area. This will reduce lost and misdirected mail. THIRD PARTY DISTRIBUTION 1035 PROCESSING Internal and External 1035 Exchanges Submit 1035 exchange form with application package to the following address for data collection and imaging. Overnight Mail Address Regular Mail Address MetLife MetLife 1300 Hall Blvd PO Box 990018 Bloomfield, CT 06002 Hartford, CT 06199-0018 28 For Producer and Broker/Dealer Use Only. Not for Public Distribution.
REPLACEMENT FORMS (Alabama to Montana) The E-Replacement Questionnaire (EREPL) is required in all states except New York. The NAIC E-Replacement Disclosure Notice (EREPLDIS-NAIC) is required in the NAIC states only (shown in Navy Blue). The E-Replacement Sales Material Disclosure Form (EREPLSMDIS) is required in the NAIC states. The E-Replacement Disclosure Notice (EREPLDIS-XX, state-specific or generic) is required in all non-NAIC states, and the few states (shown in Brown) where no state form is required. STATE EREPL EREPLDIS-NAIC EREPLSMDIS EREPLDIS-XX Alabama Required Required Required Alaska Required Required Required Arizona Required Required Required Arkansas Required Required Required NAIC-AR California Required EREPLDIS-CA-A EREPLDIS-CA-B Colorado Required Required Required Connecticut Required EREPLDIS D.C. Required EREPLDIS Delaware Required EREPLDIS-DE Florida Required EREPLDIS-FL-A Georgia Required EREPLDIS-GA Hawaii Required Required Required Idaho Required EREPLDIS-ID Illinois Required EREPLDIS-IL Indiana Required EREPLDIS-IN Iowa Required Required Required Kansas Required EREPLDIS-KS-A EREPLDIS-KS-B EREPLDIS-KS-C Kentucky Required Required Required Louisiana Required Required Required Maine Required Required Required Maryland Required Required Required Massachusetts Required EREPLDIS-MA Michigan Required EREPLDIS-MI Minnesota Required EREPLDIS-MN Mississippi Required Required Required Missouri Required EREPLDIS-MO Montana Required Required Required EREPLDIS-MO For Producer and Broker/Dealer Use Only. Not for Public Distribution. 29
Page 1 and 2: LIFE INSURANCE THE LIFE UNDERWRITIN
Page 3 and 4: TABLE OF CONTENTS Medical Underwrit
Page 5 and 6: MEDICAL UNDERWRITING REQUIREMENTS G
Page 7 and 8: MEDICAL UNDERWRITING REQUIREMENTS P
Page 9 and 10: UNDERWRITING GUIDELINES FINANCIAL U
Page 11 and 12: UNDERWRITING GUIDELINES CRITERIA GU
Page 13 and 14: UNDERWRITING GUIDELINES RAPID eUNDE
Page 15 and 16: UNDERWRITING GUIDELINES CITIZENS OF
Page 17 and 18: UNDERWRITING GUIDELINES FOREIGN RES
Page 19 and 20: UNDERWRITING GUIDELINES FOREIGN TRA
Page 21 and 22: UNDERWRITING GUIDELINES TOBACCO USE
Page 23 and 24: THREE WAYS TO APPLY RAPID eUNDERWRI
Page 25 and 26: UNDERWRITING PROGRAMS SOLUTIONS FOR
Page 27 and 28: GROUP CONVERSION CHECKLIST PRODUCT
Page 29: MANAGING YOUR CASES • You keep co
Page 33 and 34: KNOW YOUR CUSTOMER NECESSARY CUSTOM
Page 35 and 36: questions? 1. For questions about t

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