Signature GUL Data Page Correction
A remediation letter and new data page has been mailed out to all clients and their agent of record to correct the dates listed for the guaranteed cash out option periods. The old data page incorrectly printed the starting year of all rider option periods as 2016 rather than 15, 20, or 25 years from the start of the policy.
For example, if a policy began July 1, 2016, the years on the policy option dates will now reflect the year of the 15th, 20th, and 25th policy anniversaries as follows:
Option Periods:
Policy Year 15 |
|
Option Period Start Date: July 1, 2031 |
Option Period End Date: August 31, 2031 |
Policy Year 20 |
|
Option Period Start Date: July 1, 2036 |
Option Period End Date: August 31, 2036 |
Policy Year 25 |
|
Option Period Start Date: July 1, 2041 |
Option Period End Date: August 31, 2041 |