Before Applying for a Conversion or Internal Replacement

Do:

Do not:
  • Ensure you are the Advisor of Record (AOR) on the original policy. If an update to the AOR is required complete this form.
  • Apply if the policy has a bankruptcy notice
  • Confirm the final conversion date of the original policy has not passed
  • Apply if the policy is collaterally assigned
  • Confirm if there is a rating on the original policy
  • Apply if the original policy has an irrevocable or preferred beneficiary
  • Confirm smoking status of original policy
  • Apply if the original and new policies have a different owner. If a change of ownership is required, it must be completed prior to submitting the conversion. Use this form to complete this update.
  • Ensure premiums are paid to date on the original policy
 

To complete due diligence as outlined in the above chart, reach out to one the following resources: