LEGACY OPTIMIZER

Field Underwriting Guide

This guide is meant as a quick reference for Legacy Optimizer life insurance. Please review the Legacy Optimizer Sales Guide and Application Process Guide for complete details.

Download Legacy Optimizer Sales GuideDownload Application Process Guide

Suitability

In the underwriting process, your client’s liquid assets will be evaluated to determine if the Legacy Optimizer product is suitable. The following suitability requirements are considered in the underwriting process:
Suitability Requirements
Liquid Assets Percentage Allowable
Liquid assets up to $250,000 30% of liquid assets up to the maximum premium limits allowed by age
Liquid assets up to $1 million 40% of liquid assets up to the maximum premium limits allowed by age
Liquid assets greater than $1 million Up to the maximum allowable premium limits allowed by age

Issue Ages

50-80, Age Last Birthday

Premium Limits

Issue Ages Amount
Minimum Premium All (50-80) $25,000
Maximum Premium Issue Ages 50-59 $150,000
Issue Ages 60-80 $200,000

Underwriting Classes

Non-Tobacco (NT)
Has not used tobacco or other nicotine products within the past 12 months. Cigar use up to 24 per year is allowed.

Tobacco (ST)
Has smoked cigarettes or used other tobacco products, including patches, gum, inhalers or other nicotine products within the past 12 months.

Accelerated Death Benefits

Legacy Optimizer automatically includes an option to accelerate the death benefit for a chronic or terminal illness. No additional underwriting is required. Refer to the Sales Process Guide for details on how an insured may qualify to accelerate the death benefit, minimum and maximum acceleration amounts, and other details.

Build Chart - Height and Weight Requirements

The chart below applies to both male and female applicants.

Height Minimum Maximum
4'6" 68 175
4'7" 71 182
4'8" 74 189
4'9" 77 196
4'10" 79 203
4'11" 82 210
5'0" 85 217
5'1" 88 224
5'2" 91 232
5'3" 94 239
5'4" 97 247
5'5" 100 255
5'6" 103 263
5'7" 106 271
5'8" 109 279
5'9" 112 287
5'10" 115 296
5'11" 119 304
6'0" 122 313
6'1" 126 322
6'2" 129 331
6'3" 133 340
6'4" 136 349
6'5" 140 358
6'6" 143 367
6'7" 147 377
6'8" 151 386
6'9" 154 396

Impairments

Please see the following tables for a comprehensive listing of potentially disqualifying diseases, disorders and impairments. To qualify, the client must not be diagnosed, treated, or hospitalized for the disease in the time frame mentioned below.
Unless otherwise noted, the time frame is “Ever.”
Cancers
(excluding Basal and Squamous Cell Skin Cancer)
Cancer Metastasis Malignant Melanoma (5 years)
Internal cancer (5 years) More than one cancer
Leukemia (5 years) Multiple Myeloma
Lymphoma (5 years)
Cardiovascular Diseases
Abdominal Aortic Aneurysm (2 years) Mini-stroke (2 years)
Angina (2 years) Stroke (2 years)
Atrial Fibrillation (12 months) Ventricular Fibrillation
Cardiomyopathy Uncontrolled blood pressure (12 months)
Coronary Artery Disease (2 years) Undergone heart surgery (2 years)
Heart Attack (2 years) Undergone any procedure to improve the circulation of the brain, neck or extremities, excluding varicose veins (2 years)
Heart Failure Undergone valve repair or replacement
Endocrine Diseases
Diabetes diagnosed before age 40 (not including gestational diabetes) Diabetic coma (2 years)
Immune System and Autoimmune Diseases
Acquired Immune Deficiency Syndrome (AIDS) Systemic Lupus
HIV Positive Multiple Sclerosis (MS)—2 or more
flares annually (2 years)
Scleroderma
Kidney, Liver, Pancreas Diseases
Chronic Hepatitis (12 months) Liver Cirrhosis or Failure
Chronic Kidney Disease Renal Insufficiency
Chronic Pancreatitis
Skin and Blood Disorders
Hemophilia Vasculitis
Muscular, Nervous and Brain Diseases
Alzheimer’s Disease Mental Incapacity
Dementia Muscular Dystrophy
Grand Mal Epilepsy with 6 or more seizures annually (2 years) Myasthenia Gravis
Huntington’s Disease Parkinson’s Disease
Lou Gehrig’s (ALS) Rheumatoid Arthritis with a joint replacement (2 years)
Memory Impairment
Psychological Disorders
Bipolar Disorder Suicide attempt (5 years)
Schizophrenia
Respiratory Diseases
Asthma requiring continuous oral steroid use for more than 30 days, oxygen use or hospitalization (2 years) Emphysema requiring continuous oral steroid use for more than 30 days, oxygen use or hospitalization (2 years)
Chronic Bronchitis requiring continuous oral steroid use for more than 30 days, oxygen use or hospitalization (2 years) Pulmonary Fibrosis
COPD requiring continuous oral steroid use for more than 30 days, oxygen use or hospitalization (2 years) Pulmonary Hypertension
Other
Alcohol abuse or treatment (5 years) Unexplained weight loss—more than 15 pounds (12 months)
Amputation due to disease Used a defibrillator (12 months)
Blood transfusion (12 months) Used a pacemaker (12 months)
Chronic pain requiring daily narcotics (2 years) Used supplemental oxygen (12 months)
Drug abuse or treatment (5 years) Used a urinary catheter (12 months)
Received dialysis (12 months) Used a wheelchair or walker (12 months)
Received an organ transplant
Combinations
Having two or more of the following impairments would also disqualify your client from Legacy Optimizer.
Coronary Artery Disease Stroke
Diabetes More than one mini-stroke

Specified Amount of Guaranteed Death Benefit

An initial (lump sum) premium guarantees a death benefit based on issue age, gender, and tobacco status. To determine the guaranteed death benefit, multiply the initial premium amount by the corresponding death benefit factor in the chart below. Click here to try the Quote Engine.

Example:
60-year-old male, non-tobacco, $100,000 premium $100,000 x 1.9 = $190,000

Guaranteed Death Benefit (Specified Amount) Factors

Issue Age Male
Non-Tobacco
Male Tobacco Female
Non-Tobacco
Female Tobacco
50 2.51 2.18 2.80 2.34
51 2.44 2.12 2.72 2.27
52 2.37 2.07 2.65 2.21
53 2.30 2.02 2.58 2.16
54 2.23 1.97 2.50 2.11
55 2.17 1.92 2.43 2.06
56 2.11 1.88 2.37 2.01
57 2.06 1.83 2.30 1.96
58 2.00 1.79 2.24 1.92
59 1.95 1.74 2.18 1.87
60 1.90 1.71 2.12 1.83
61 1.85 1.66 2.06 1.79
62 1.81 1.62 2.01 1.75
63 1.76 1.58 1.96 1.71
64 1.72 1.54 1.92 1.68
65 1.68 1.50 1.87 1.64
66 1.64 1.45 1.82 1.61
67 1.60 1.41 1.77 1.58
68 1.57 1.37 1.73 1.55
69 1.53 1.33 1.69 1.52
70 1.50 1.30 1.65 1.49
71 1.47 1.28 1.61 1.47
72 1.44 1.24 1.58 1.44
73 1.41 1.22 1.54 1.42
74 1.39 1.20 1.51 1.39
75 1.36 1.18 1.48 1.37
76 1.33 1.16 1.45 1.34
77 1.30 1.14 1.42 1.31
78 1.27 1.11 1.40 1.28
79 1.24 1.09 1.37 1.24
80 1.22 1.07 1.34 1.21