Washington State New Business
Beginning November 1, 2021, NGL will begin accepting new applications from Washington State. Due to the demand for LTC planning the Washington Cares Fund continues to generate, NGL has made the decision to place the following temporary minimums on all new Washington State applications:
- $3,000 annual lifetime premium
- Modal equivalents – $1,560 semiannual, $810 quarterly, $263 monthly
- $6,000 annual 10-Year premium
- Modal equivalents – $3,120 semiannual, $1,620 quarterly, $525 monthly
- $30,000 single premium
Joint applications are subject to these minimums per application, not per applicant. Applications that do not meet the minimums listed above will not be processed.
Any Washington State application received between November 1, 2021 and November 30, 2021, will not have the option to backdate. Washington State applications received on or after December 1, 2021, will once again have the option to backdate.
We will evaluate new business trends throughout November and adjust premium minimums accordingly.
As a reminder:
- Washington is a pre-appointment state. Agents must be fully appointed prior to soliciting an application.
- There will be a full chargeback of commissions for policies if premium is not paid for the second year of coverage.
- Washington applicants must have been seen by a physician in the last 24 months. Parameds will not be ordered in place of this.
We thank you for your collaboration during this unprecedented time, and as always, we thank you for your business!