Trial and Informal Apps
This distribution may not submit Trial or Informal applications.
What is WFG?
Before Nationwide will reissue a policy, documents must be completed in this status.
What is IGO?
A Policy Adjustment happens when a client wants to make changes or adjustments to this type of policy.
What is an In Force policy?
Nationwide describes a conversion as trading existing coverage for the same specified amount in a different type of product with Nationwide - often called this.
What is Term to Perm?
Save Age is a guide that lets a policy be issued at the insured's this.
What is current age?
When WFG mentions a trial app, it usually means an application submitted through this system without premium.
What is iPipeline?
One required reissue document is a full, signed version reflecting any requested changes.
What is an Illustration?
Agents needing help with Policy Adjustment requirements for In Force policies should be warm transferred to this area.
What is Service?
If an agent calls asking about converting a policy, they should be connect to this queue for assistance.
What is the Conversion Queue?
For life insurance Nationwide identifies age using this method.
What is age nearest?
These partners may submit Trial or Informal applications so underwriters can provide a risk assessment without a full application.
Who are BGAs?
Another reissue document needed for material changes is this signed form.
What is an amendment?
If an agent asks for a blank Policy Adjustment form, you may send it using this method.
What is email?
Reinstatements occur when payment on an In Force policy has lapsed and this period has expired.
What is the grace period?
In the training example, issuing at age 35 instead of age 36 saved the client this total amount over the pay period.
What is $12,000?
BGAs typically send a cover letter, some medical records, and sometimes paramed and labs to this email address.
What is tstatus@nationwide.com?
What is the policy's first anniversary date?
One reason to submit a Policy Adjustment is to apply for this kind of improved pricing outcome.
What is a better rate?
In Vision, to find a reinstatement application in the agreements tab, the document type should be labeled this way.
What is Reinstatement?
To determine whether a client qualifies for Save Age and how many back months of premium are needed, trainees should use this tool.
What is the Save Age calculator?
If there is a request to change allocations, the guidance is usually to issue the policy this way first, then let Service adjust allocations afterward.
What is Issue In Force?
If a requested reissue change requires additional underwriting, such as adding this rider, Nationwide will most likely decline to reissue and wait for a Policy Adjustment.
What is LTC?
A common example when someone might qualify for a better rate is after they have stopped using this for over 12 months.
In Vision transactions, a reinstatement application should create a transactions labeled this way in pended status.
What is Service Underwriting?
The Save Age Job Aid, Calculator, and Age Nearest Chart can be found at the bottom of this page.
What is the LNB Phone Team Job-Aids page?