Change in Pru LTCi Employer-Sponsored Participation (ESP) Requirements

Effective Tuesday, July 19, 2011, ESP long-term care cases must have at least 10 employee lives to be considered for Simplified Underwriting.

NEW group size participation and underwriting requirements are as follows:

• Two to nine employees: Full underwriting. No minimum participation requirement. (Used to be 7.)
• 10 to 250 employees: Ten employees must be issued for Simplified Underwriting.
• 251 and more employees: Four percent (4%) of eligible employees must be issued for Simplified Underwriting.

Premium discount continues to be 5%.  Deadline to get current ESP LTCi is Monday, July 18, 2011 and the applications must be signed and received in New Business by Monday, September 12, 2011. There will be no exceptions.

Spouses/partners do not count toward the minimum participation. Minimum participation can only be met with employees.

NOTE:  Some high-risk groups may not qualify for ESP.  Please call Designs In Life at 800-990-9993 x7026 for details.