Illinois Mutual – Increased DI Non-Med Limits

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Illinois Mutual – Increased DI Non-Med Limits

 

Effective Immediately 

Illinois Mutual is here to help you make the best possible disability income insurance (DI) offers to your clients. That’s why they increased their DI non-med limits from $3,000 to $5,000 for the 18-50 age group – effective immediately.

NEW! Updated DI Non-Med Limits*

Total Monthly Amount of Insurance Applied For and In Force With This Company

For Ages 18-50

Non-Med: $200-$5,000

Abbreviated Paramed, Blood Profile, Urinalysis: $5,001+

For Ages 51-60

Non-Med: $200-$3,000

Abbreviated Paramed, Blood Profile, Urinalysis: $3,001+

 

Changes to Financial Documentation Guidelines for Self-Employed and Business Owners

•One year of income documentation is required for benefit amounts between $3,001 and $5,000 per month (including Integrated Monthly Benefit Rider and existing coverage, all sources).

•Two years of income documentation is required for benefit amounts greater than $5,000 per month (including Integrated Monthly Benefit Rider and existing coverage, all sources).

 

Find full details for these changes in “DI Underwriting Financial Guidelines and Non-Medical Limits”.

*Illinois Mutual’s Underwriting Department reserves the right to request financial and/or medical requirements for any amount of coverage.

 

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