PruFast Track Changes – Effective October 1, 2020
We are continuously evaluating and improving the PruFast Track process. The following changes will be effective on September 28, 2020.
- PruFast Track maximum face amount will be permanently increased to $3 million.
- Based on our experience over the past several months, we are making a permanent change to offer accelerated decisions on cases up to and including $3 million. The probability of receiving an accelerated decision (no exam/lab/medical records) is higher at the younger ages and lower face amounts. Cases over $1 million and up to $3 million will be less likely to receive an accelerated decision; however, we will utilize EHRs and APSs in some cases in place of the exam/labs.
- PruFast Track cases requiring Full UW will now require an exam and lab.
- Temporary pandemic measures utilizing an EHR/APS in place of an exam/lab will be discontinued.
Marketing materials will be updated in the near future. |