Band Changes Effective 10/1/2018, American National adjusted the underwriting bands on all existing life insurance products in order to allow preferred rate classes at $250,000. Overview of changes: 1. Premium and underwriting bands changed for all products. 2. The maximum Xpress face amount is $249,999. 3. The minimum Xpress Plus face amount is $250,000. How did the bands change? •If a band ended at $250,000, it ends at $249,999 after 10/1.
•If a band ended at $250,000, it ends at $249,999 after 10/1.
Overview of changes:
1. Premium and underwriting bands changed for all products.
2. The maximum Xpress face amount is $249,999.
3. The minimum Xpress Plus face amount is $250,000.
| • | If a band started at $250,001, it starts at $250,000 after 10/1. |
| Application Date: | Application Received & Processed Date: |
The client will receive: | ||
| Before 10/1/2018 | + | Before 10/1/2018 | = | Pre-10/1/2018 Bands |
| Before 10/1/2018 | + | On or After 10/1/2018 | = | Post-10/1/2018 Bands |
| On or After 10/1/2018 | + | On or After 10/1/2018 | = | Post-10/1/2018 Bands |
