Several agents have inquired lately about requirements/minimums necessary for policyholders to receive multi-policy discounts when purchasing life insurance products through Patriot Life.  Please consider the following:

When a Patriot Life policy is written and a Personal Auto or Homeowners Policy is written for the same named insured with Frankenmuth Insurance, the  policy is eligible for a premium adjustment if the following rules are applied with regard to Personal Auto:

·         The annual life policy premium is $150 or more for one named insured

·         The discount must be requested (the life policy numbers must be provided)

·         The discount may be applied midterm to the existing personal auto policy when the life policy is written

·         If the life policy is cancelled, the discount will be removed from the personal auto policy at the next renewal

·         If the life policy is not issued, the discount will be removed from the personal auto policy effective the date the discount was added

With regard to Homeowner policy discounts, the following rules are applied:

·         The annual life policy premium is $150 or more for one named insured

·         The discount must be requested (the life policy numbers must be provided)

·         The premium adjustment may be applied midterm to the existing homeowners policy when the life policy is written

·         If the life policy is cancelled, the discount will be removed from the homeowners policy at the next renewal

·         If the life policy is not issued, the discount will be removed from the homeowners policy effective the date the discount was added

We hope these clarifications help, and thank you for your continued consideration of Patriot Life products.