F&TRC Protection Forum has launched a second G-day matrix for protection applications which fail to meet the gender neutral deadline.
The protection sector body said that, depending on the circumstances and the provider used some applications will not go through in time.
This in turn means advisers need to know what the transition process will be for the switch to gender neutral rates, which varies from one provider to the next.
F&TRC has compiled a second matrix of the key issues detailing where each provider stands specifically with regards to new business which has been submitted but not accepted before the cut-off.
IFA Roy McLoughlin of Master Adviser, said "There is confusion in the market due to the fact that communications from providers have not always as precise as advisers would like.
"This new matrix provides an excellent guide and summary for any advisers who may need to deal with the tricky subject of applications which don't meet the G-day deadline."
The matrix has been created by working with specialist protection advisers who agreed the issues they consider to be the most important for G-Day.
It includes several key issues, including:
• How and when will the new premium be communicated to advisers?
• What will be required from advisers, and/or the customer, to commence a policy post-G-day?
• How can that information be confirmed - for example, by phone, email, online or in writing?
F&TRC Managing Director Ian McKenna, added: "By assembling a detailed analysis of each insurers plans, that can be compared side by side we are providing a central place where advisers from any firm can check and compare where each provider stands on the key G-day issues."
It can be found at http://protection-forum.com/postgdaypipeline.aspx
