Changes to Grandfathering rules for two life groups. New Non-Evidence and Overall Maximums for Life and Disability

June 7, 2018

We are pleased to announce we have made changes to our Grandfathering rules and will now grandfather groups with as few as two lives. We’ve also increased our Non-Evidence Maximums (NEM) for our Life, Long-Term Disability (LTD), and Weekly Indemnity (WI) products, as well as Grandfathering and Overall Maximums for LTD.

Greater financial protection for our customers

These changes will provide greater financial protection for our customers’ plans and make it easier for groups with as few as two employees to make the switch to Empire Life. We are happy to report that with these increases, our NEM’s are now one of the highest in the industry.

These changes affect both the BeneFit and 20Plus products. Enhancements are highlighted below: 

New NEM/Grandfathering rules to include two life groups (for groups with prior coverage)

• Life 
  • NEM - $30,000
  • Grandfathering Maximum - $60,000
• LTD
  • NEM - $2,000
  • Grandfathering Maximum - $5,000
• ​WI 
  • NEM - $1,000
  • Grandfathering Maximum - $1,250

Increased Life, LTD, and WI NEM’s

• Life - increased NEM’s across certain age bands
• LTD - increased NEM’s across most age bands
• WI   - increased NEM for 3-4 lives

Increased LTD Grandfathering and Overall Maximums (groups with and without prior coverage)

• Increased Grandfathering and Overall Maximums for 3-4 and 5-9 life age bands to $8,000

The documents below detail our Grandfathering, Non-Evidence, and Overall Maximums. They are available on the Group Advisor site:

• Empire Life Non-Evidence Maximums and Overall Maximums
• BeneFit Grandfathering Fact Sheet
• BeneFit Medical Underwriting Guide

We encourage you to discuss these changes with your customers at renewal to see if they want to increase their employees’ level of protection.

We specialize in small to mid-sized companies

We know time and resources are tight for small business owners, so our solutions are well thought through, fairly priced, easy to understand and flexible. Think of Empire Life when submitting requests to quote for your customers.

For more information about our Life and Disability products, or to request a group’s NEM limits be reviewed, please contact your Empire Life Sales team.  <vid=T>