Now Available: Return of Premium on Accidental Death Benefit Policies
Based on issue age, the insured can receive up to 100% of all premiums at the end of the defined period of time.*
- Great feature to enhance ADB sales!
- Added value for customers!
Now Effective: Contract Agreement Changes – Chargebacks
Please note the Accidental Death Benefit commission chargeback provisions have been restructured to align more similarly with industry standards. These changes are effective on all new ADB policies.
- A lapse that occurs within the first 6 months (180 days) of an ADB policy issue date will cause a chargeback of 100% of all commissions paid, including earned commissions.
- A lapse that occurs after the first 6 months (months 7-12) of an ADB policy issue date will be charged back 50% of all commissions paid, including earned commissions.
- A lapse that occurs after the ADB policy has been in force 12 months will have NO chargeback.
For more information or if you have any questions, please feel free to contact Fidelity Life’s Sales Support at (866) 710-1013. The ABD ROP rider is currently approved in AL, AK, AZ, AR, CT, DE, DC, HI, ID, IN, IA, KS, KY, ME, MI, MS, MT, NE, NV, NM, NC, ND, OH, OK, OR, RI, SC, SD, TX, WV and WI. Marketing materials, quoting and state approval updates are available at www.FidelityLife.com.
*ROP percentages available in each policy year vary by the age of the insured at issue and are available in the ADB product guide M3700.
