Agent Guide | Hospital Indemnity Select
ManhattanLife
Policy Issue Guidelines The policy issued is specific to the state where the application was submitted. The state of application controls the application, forms, premium and policy issued. Replacements A replacement takes place when an applicant wishes to exchange an existing ManhattanLife Hospital Indemnity Select policy for another product within the ManhattanLife Family of companies. Internal and external replacements are processed in the same manner, and both require a newly completed application with full underwriting. For internal replacements, we will use the same underwriting criteria. However, we will also use our claims database to assist in determining the risk of an applicant. Whether completing a paper application, or utilizing ManhattanDirect 2.0, please remember only current state-approved applications may be used. Coverage Rules - Policies Covering More than 1 Individual For Individual/Spouse, Individual/Child(ren) or Family coverage, the premium and the base options will be determined based on the age of the older applicant on the date the application is signed. If the individual desire differing options, then individual coverage should be applied for. Guaranteed Renewability This is a Guaranteed Renewable product, which means the insured can keep this plan as long as they want by continuing to pay premiums
6
AGT-HIS 0824
Made with FlippingBook Online document maker