Issue Date / Effective Date of Coverage
When is the effective date of coverage? The issue date shown on the policy/certificate schedule page is the effective date of coverage; the effective date is NOT the date the application was signed. The requested policy/certificate issue date must be indicated on the application and transmittal.
What is acceptable timing from dates of application to issue? An application may not be written if the requested issue date is more than 60 days from the date the application is taken.
Can I backdate an application? Backdating applications will not be permitted by Assurity under any circumstances. Backdated applications will be declined and a new application will be required.
What happens to premiums deducted prior to issue? Any premium deducted before the issue date is pre-paid premium and will be applied to coverage beginning on the issue date. Assurity will refund any premium deductions it receives if the policy/certificate is not issued.