Earlier this afternoon Prudential released an announcement regarding their decision to limit the death benefit effective October 28, 2016 on the UL and SUL Protector products.
UL Protector (Single Life) – Maximum death benefit will be capped at $5,000,000
SUL Protector (survivorship) – Maximum death benefit will be capped at $10,000,000
I have attached the announcement that was sent in the Prudential release and also highlighted important dates below.
October 23, 2016 – Illustrations must be signed and dated on or before 10/23/16
October 28, 2016 – Applications must be received in the home office no later than 10/28/16
There will be no exceptions granted on new cases with illustrations signed after 10/23 or submitted to the carrier no later than 10/28.