Lincoln’s Underwriting and New Business department is committed to helping you meet your year-end goals and objectives. Our focus is to ensure the maximum amount of your business is placed by close of business on December 30, 2016. To assist in placing year-end business, we encourage you to submit outstanding requirements as early in December as possible.
Helpful Hints and Reminders
- Always include special instructions on a cover sheet.
- Complete application and applicable forms in their entirety and remember to include the agent’s page with agent code to be used for placement.
- Use the latest state version of the application and forms. These can be obtained on the Forms Tool from the Lincoln Producer website.
- Remember to get signatures and dates on all forms. Trust/Corporate – owned policies do require that the trustee/officer sign with their title.
- Include EFT forms and void checks for all bank draft cases and note on the cover sheet if the first premium will be drafted.
- Initial premium checks to place your business must be received in New Business by the closing dates shown below to make commission cutoff and to earn production credit for 2016 reporting.
- Ordering medical requirements up front saves significant processing time.
- Utilizing Lincoln’s “eApp“, “eDelivery” and “LincXpress” will help expedite processing from submission to placement. (LincXpress can be used for New Business only – not applicable for Internal Exchanges).
- Suitability review for VUL can take time. Send all VUL forms through your OBD or LFSC rep for suitability review as soon as possible.
Key dates
November 1: Submit end-of-year 1035 exchange applications to allow for underwriting and retrieval of 1035 funds (subject to losing carrier turn-around times)
November 24: Thanksgiving Holiday (Company Holiday)
December 1: Submit new applications by this date to allow enough time to underwrite and obtain documents to place for year-end closing (excludes 1035 exchanges)
December 26: Christmas Holiday (Company Holiday)
December 27: To ensure placement of your policy, premium and delivery requirements should be submitted in good order by this date.
December 30: We will work a full business day to support your business needs.