New BOE and Business Loan Repayment Rider limits
Ameritas has recently increased their maximum Issue and Participation limits for the DInamic Foundation BOE product in all states.
For occupations 6A – 4A and 6M – 3M Ameritas has set a maximum aggregate benefit amount (base monthly benefit amount x the benefit period) with Ameritas and all other carriers of $1,200,000.
This gives you added flexibility in designing BOE coverage for your clients using any of the available benefit period options: 12-, 18- or 24-months, so long as the aggregate benefit does not exceed $1,200,000.
Example: Client purchases two BOE policies to cover differing needs:
- Policy 1: $50,000 monthly benefit for 12 months = $600,000 aggregate benefit
- Policy 2: $25,000 monthly benefit for 24 months = $600,000 aggregate benefit
- The total of both policies is $1,200,000 which is the maximum available.
In addition, Ameritas has increased the maximum aggregate benefit payable under the Business Loan Repayment (BLR) rider to $2,500,000 (previously $2,000,000).
Keep in mind, clients will need to show proof of their expenses to qualify for any benefit amount.
Contact DIBroker East for assistance in designing new BOE policies using these
guidelines.
The new I&P limits are as follows:
| Occupation Classes |
Maximum I&P |
Maximum Benefit Period |
Elimination Period |
| 6A – 4A, 6M – 3M |
$100,000 |
12 months |
30, 60, 90 |
| 6A – 4A, 6M – 3M |
$65,000 |
18 months |
30, 60, 90 |
| 6A – 4A, 6M – 3M |
$50,000 |
24 months |
30, 60, 90 |
| 3A |
$15,000 |
24 months |
30, 60, 90 |
| 2A1, 2M |
$10,000 |
24 months |
30, 60, 90 |
1 If eligible for Business Owner Upgrade to a 3A occupation class.
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