Reprinted from the March 26, 2018 Lincoln Life Leader.
Effective April 16, 2018, New Business is changing the rules for policy dating and premium effective dates. The
new dating rules will follow an In Good Order process. When all requirements, including premium, are deemed
In Good Order – fully completed, signed and dated – the policy and premium effective date will be current
dated.
The change is being implemented to bring our internal procedures in‐line with industry standards and best
practices and will bring Lincoln’s MoneyGuard® business in‐line with Lincoln’s Life and Annuity business. The
existing process of dating policies on the date that the first check is received at Lincoln is often challenging to
explain concisely and difficult for our customers to understand. It causes the backdating of policy dates and
premium effective dates and can appear to be scenario driven and inconsistent.
Due to unique dating rules found in the term conversion and internal replacement guidelines, this does not
apply to conversions or internal exchanges.
Please review the new procedures below and do not hesitate to contact your Underwriting and New Business
team with any questions.