Protective Velocity update: Voice Signature process expanded
October 18, 2023
Protective is pleased to announce that eligibility for our Voice Signature process has been expanded.
Protective is pleased to announce that eligibility for our Voice Signature process has been expanded. Key updates include:
- Applications with our ExtendCare Rider are now eligible.
- The previous age limit of 70 has been removed (note: there is still an age limit for 65+ at $1 million and above).
- The face amount limit has been increased from $3 million to $5 million.
We're updating our marketing materials to reflect these changes and will share those with you when available. In the meantime, our updated list of Voice Signature exclusions are:
- Face amounts $5 million and above
- Customers aged 65 and older with face amounts $1 million and above
- If the owner is a company or trust
- If the proposed insured is a minor
- If the proposed insured is not the payor
- If a customer applies for our Children's Term Rider or Income Provider Option
- Foreign national — non-green card holders
- Spanish-speaking applicants
- New York applications
Contact your Protective representative with any questions.
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For Financial Professional Use Only. Not for Use With Consumers.
PLAG.4957608.06.23
PLAG.4957608.06.23