BSMG Blog: Protecting the Future of Families and Businesses

Securian’s SecureCare will be replaced with SecureCare III

Posted by BSMG on

Effective March 26, 2022, Securian’s SecureCare will be replaced with SecureCare III. See below for Important Dates and Transition Guidelines:

 

Key Dates

  • Monday, March 14, 2022: Illustration software will be updated to include the new product version, SecureCare III.
  • Friday, March 25, 2022: Applications for SecureCare Universal Life must be signed, in good order and received by Securian Financial’s home office by 3 p.m. CST.
Please note: To ensure an “in good order” submission before the deadline, please send SecureCare applications to BSMG by Thursday, March 24, 2022.

  • Saturday, March 26, 2022: SecureCare III will be available in all states except AZ, CA, CT, DC, DE, IN, MT, ND, NY and SD. To accommodate SecureCare III’s product changes, a new application version will be required.
Transition Rules

  • Applications for SecureCare Universal Life must be signed, in good order and received by Securian Financial’s home office by 3 p.m. CST March 25. If a new application is needed due to a licensing issue or because the application is not in good order, the client will no longer be able to apply for SecureCare Universal Life and will need to apply for SecureCare III.
  • Remember that:
    • In pre-appointment states, agents need to be pre-appointed before they take the application.
    • Agents must complete any state-required LTC training before they take the application.
  • If a client has already submitted an application for SecureCare Universal Life and started the underwriting process, but wants to switch to SecureCare III, a new application is required. This must be submitted along with a cover letter explaining the desired change. Any completed underwriting requirements will be applied to the new application.
  • SecureCare Universal Life policies that have already been issued, paid and in-force cannot be exchanged for SecureCare III, unless the policy is in its free-look period.

Click Here to read the full transition rules and additional product updates.


Topics: Insurance Industry News