Beginning in 2020, all life policy conversion applications will be issued a Remembrance Life policy. Remembrance Life is a whole life product.
- Accidental Death Benefit, Critical Illness, and Terminal Illness riders will not be included.
- Waiver of Premiums for Disability rider will be offered for eligible legacy products that were issued with a convertible disability waiver rider.
All non-tobacco and tobacco underwriting classes will be converted to the Remembrance Life preferred (non-tobacco) and standard (tobacco) underwriting classes, respectively. All substandard policies (non-tobacco and tobacco) will convert to the Remembrance Life standard (tobacco) underwriting class.