We have adjusted the Return of Premium feature to include a 5 year vesting schedule that still includes 100% ROP in months 0-6 and after 5 years Return of Premium is provided through the Enhanced Surrender Value Endorsement (ESVE).
We are increasing the maximum issue age on ESVE for flexible premium policies from age 65 to age 69. The ESVE is now available at consistent ages regardless of premium funding choice.
We are allowing a two week transition period for you to finalize sales you have in motion. To receive the current version of the Enhanced Surrender Value Endorsement, the paperwork must be received by August 16, 2013.
Click here for full details on these changes.