New Financial Needs Analysis Form Required

A revised Financial Needs Analysis is now in effect for all EquiTrust applications.  The new form number is ET-2506(04-08).  The form in addition to the application and other supporting documents will be reviewed as part of the issue process.

To ensure timely contract issue, the form has been modified to accommodate scan processing, where much of the information provided by the client is captured by computer.  The client information gathered on the form is essentially the same as the previous version, only organized differently to facilitate scanning. 

We believe that completion of this form is a value-added process for both the agent and client.  It is a short form that doesn’t require much time to complete and we believe has reduced post-issue complaints.  This benefits everyone involved – the client, the agent and EquiTrust Life.

Beginning July 1, 2008, the prior version of the form (dated 3-06) signed by the client after this date will not be accepted.  Applications received without the current form will be returned to the agent and money will be returned to the client.  No exceptions will be made.

The revised form is available in Appbuilder.

To assist you, Appbuilder also contains a Financial Needs Analysis User Guide #ET-3107.  Please review it before completing a Financial Needs Analysis for your clients.

If you have any questions, please call Sales Support at 866-598-3694.