October 16th, 2019

The Standard:
Product Availability Changes in MA and WY

Business Equity ProtectorSM Not Available
in Massachusetts Starting Jan. 1

Massachusetts requires that all policies filed and approved with the state provide gender-neutral rates, starting Jan. 1, 2020. To comply with this new regulation, we’ll no longer offer, issue or deliver Business Equity Protector in Massachusetts, starting Jan. 1, 2020.

We’ll continue to process increases according to the policy terms for Massachusetts Business Equity Protector policies with the Future Buy-Out Expense Option Rider.

Platinum Advantage will still be available because Massachusetts law allows the Interstate Compact to govern products filed and approved by the compact. That means we can continue to sell Platinum Advantage with no changes.

Business Equity Protector applications must be signed by Nov. 1, 2019 and received in the home office by Nov. 15, 2019. 

No IDI Products Available in Wyoming Starting Jan. 1

Due to regulatory changes in Wyoming, we’ll no longer offer, issue or deliver Platinum Advantage, Business Overhead ProtectorSM or Business Equity Protector in the state, starting Jan. 1, 2020. This applies to fully underwritten, GSI and GME policies.

We’ll continue to process increases on existing Wyoming policies with active increase options. Please contact the home office for quotes.

We've refiled Platinum Advantage in Wyoming to meet the new regulatory requirements and expect it to be available for sale later in 2020.

Applications must be signed by Nov. 1, 2019 and
received in the home office by Nov. 15, 2019.

Considering Lloyd’s Coverage With Platinum Advantage

Now your top clients with Lloyd’s of London coverage can get even more coverage from The Standard. We’ve changed how we consider Lloyd’s coverage with Platinum Advantage. If an applicant reaches the maximum issue and participation limits based on occupation, we’ll allow the applicant to also apply for Lloyd’s coverage at the same time. This won't reduce the benefit amount for their policy from The Standard.

If the applicant hasn’t reached the maximum I&P limits, we’ll integrate with Lloyd’s coverage up to I&P limits based on income. For GSI, the maximum participation replacement rate is 60%.

DIBroker East Celebrates Sales Growth in 2018
Multi Life Disability  

DIBrokerEast-Eskra & Associates celebrated a very successful 2018 with a trip to Eleuthera with our top sales reps and their spouses.

In an industry that has seen relatively flat sales growth in the last few years, we have been fortunate to continue growing–we are lucky to have such good sales partners.

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Thank you for your interest in DIBroker East. If you have any questions about our company or services, please feel free to contact us at any time.
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100 Miracle Mile, Suite 250
Coral Gables, FL 33134
Phone: 305-448-0100
Toll Free: 800-790-2019
Fax: 305-448-2022
Email: info@dibrokereast.com