#United States #Peoria #Illinois Mutual #Disability Income Insurance #Non-Medical Limits

Illinois Mutual Enhances Accessibility for Disability Income Insurance

Illinois Mutual Life Insurance Company has made a significant announcement that aims to facilitate the application process for those seeking Disability Income (DI) insurance. The company has increased its non-medical underwriting limits, improving accessibility for potential policyowners and agents alike.

This enhancement means individuals seeking DI coverage can now apply for higher monthly benefits without having to undergo medical exams or laboratory tests. By increasing the non-medical limits, Illinois Mutual is effectively streamlining the application process, allowing for quicker approvals and easier access to vital insurance coverage that can provide financial security.

New Non-Medical Limits

The updated non-medical limits now allow applicants to secure higher levels of coverage as follows:

• - Ages 18 to 50: Coverage ranging from $200 to $8,000 monthly.
• - Ages 51 to 60: Coverage ranging from $200 to $6,000 monthly.

For amounts above these thresholds, applicants will still need to comply with medical requirements. However, the majority of clients can now apply for substantial benefits without the delays that medical testing can introduce.

Commitment to Flexibility

Lisa Hanson, Vice President of Sales Distribution at Illinois Mutual, stated, "We're making the application and underwriting process for agents smoother so their clients can get the coverage they need." This statement emphasizes the company’s mission to simplify access to insurance while remaining responsive to market demands.

Illinois Mutual has focused on supporting not only middle-market families but also small business owners and working Americans, reflecting their understanding of the financial security challenges faced by many. By enhancing the non-medical limits, they position themselves as a leader committed to addressing the needs of both agents and consumers in a competitive insurance market.

Immediate Implementation

The changes are effective immediately and apply to new applications across eligible product lines. This timely update is anticipated to be particularly beneficial for agents as well, who can now offer more flexibility to their clients in a market often characterized by rigid requirements.

Agents and prospective policyowners who want further information regarding these updates and specific eligibility requirements are encouraged to reach out directly to Illinois Mutual.

About Illinois Mutual

Founded over a century ago, Illinois Mutual has a long-standing reputation in providing life insurance, disability income insurance, and voluntary worksite products. The company continues to uphold a strong commitment to its employees, agents, and policyholders, ensuring that their services align with the financial security needs of individuals and families. For more information about their offerings, please visit Illinois Mutual's website.