Statement in Lieu Form No Longer Accepted in California for Policy Illustrations
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COMPLIANCE BULLETIN  /   LIFE ILLUSTRATIONS
Change in Statement in Lieu of Conforming Illustration Policy in CA
FGL Compliance Bulletin
Statement in Lieu Form No Longer Accepted in California for Policy Illustrations

Please be advised that pursuant to an internal compliance review of insurance producer practices in California, as well as direction from the California Department of Insurance, Fidelity & Guaranty Life Insurance Company (“Fidelity & Guaranty Life”) will no longer permit use of its Statement in Lieu of Conforming Illustration form. In particular, insurance producers will no longer be permitted to show illustrations to applicants on electronic devices (such as laptops or electronic tablets), then have and/or submit a Statement in Lieu of Conforming Illustration form signed instead of the actual illustration used. 

Transition Rules
  • All life insurance applications taken or dated after October 15, 2015 must be accompanied by a hard copy of the full illustration signed by both the insurance producer and applicant, and must be dated on or before the date of the application – a copy of the full executed illustration must also be left with the applicant
  • Fidelity & Guaranty Life will not underwrite any life insurance application dated after October 15, 2015 that includes the Statement in Lieu of Conforming Illustration form or is not accompanied by a copy of the full illustration signed by both the producer and applicant and dated on or before the date of the application. In these cases, a new application and fully executed illustration will be required before the case can be forwarded to underwriting for consideration
  • All life insurance applications taken or dated prior to October 15, 2015 must be received in our Service Center by October 23, 2015 for processing
More Information

Please click below to download our dedicated flier. If you have any questions or need more information, please feel free to contact us directly at salesdesk@fglife.com.

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"FGL" when used herein refers to Fidelity & Guaranty Life, the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA

FOR PRODUCER EDUCATION AND USE ONLY.
NOT FOR USE IN SOLICITATION TO CONSUMERS.
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