|
From Banner | LGA | William Penn: New Term Rates! Some Cells Increasing & Decreasing!
|
|
|
"New Competitive OPTerm Pricing: Effective March 18, 2019
New rates for OPTerm 10, 15, 20, 25 and 30 include a mix of decreases and increases. No changes to our highly-competitive rates for OPTerm 35 and 40.
Rate decreases in more than 55% of pricing cells improved our ranking against core competitors.
|
|
|
Prudential: Rate Change On PruLife UL Protector! Some Cells Increasing & Decreasing!
|
|
"On Monday, March 18th, Prudential released new rates for their PruLife Universal Protector product. On Tuesday, March 19th, rates were made available on the LifeTrends website. An overview analysis is forthcoming.
Transition Rules
March 18, 2019 (Ready to Sell Date): New Rates for the repriced product are in effect. All applications signed and dated1 on or after March 18, 2019 will receive New Rates (unless Old Rates are requested and permitted).
- April 14, 2019 (Transition Period End Date): Last day that an application can be signed with a request for Old Rates
- If Old Rates are desired for an application dated during the 28-day Transition Period, a written request, along with the appropriate presentation version, must be submitted on or after the state introduction date
- Applications dated April 15th and later will receive the New Rates only
- States that approve the revised product after March 18, 2019 will have their “Ready to Sell Date”, adjusted.
View Announcement >>
View Full Transition Rules >>
|
|
|
From Principal: Term Rate Change Effective 4/1 - MUST Request New Rate For Application Submitted Before 4/1!
|
|
"Effective April 1st, you can offer clients even lower Principal Term rates for many ages and risk classes.
Please Note: Online quoting engine will reflect the most current rates. You must request the new rates in order for Principal to acknowledge and issue the new rates!
April 1, 2019
- All Term applications received in the home office (in approved states) on this date or after will automatically receive the new Term – April 2019 rates.
- We’ll accept requests for the Term – October 2018 rates until April 29, 2019. Simply note this request on a cover letter/transmittal.
- Online quoting engines will reflect the new rates.
Cases pending on April 1, 2019
- Applications in underwriting will be issued with the Term – October 2018 rates as originally applied for, unless the new Term – April 2019 rates are specifically requested!
- If the new Term – April 2019 rates are desired, no new application or quotation is required. Notify your home office contact of the requested change.
Policies still within the examination period (COD, Offer or Shortage)
- If the policy was delivered via eDelivery and the new Term rates (April 2019) are desired, the Field Office contact will reject the policy with old rates and indicate that the new rates are desired in the Rejection Comments box. The policy will then be reissued via eDelivery.
- If the policy was mailed from Principal and the new Term rates (April 2019) are desired, simply indicate “Term rates – April 2019” with the delivery requirements and submit the correct premium amount. New data pages will then be mailed to the customer.
Backdating
- Backdating is allowed to save age. Normal backdating rules apply.
State approvals
- All states have approved the new Principal Term rates for April 2019."
View Transition Rules Flyer >>
View Announcement >>
|
|
|
From Securian Financial: WriteFit Underwriting Limit Is Doubling!
|
|
"Our WriteFit Underwriting™ Program allows for faster underwriting decisions, with no medical exams or blood tests – and we want to provide that buying experience to even more of your clients by doubling our WriteFit Underwriting face amount limit for clients up to age 50! With the face amount limit increase to $2,000,000 over 82% of applications submitted could be eligible for our WriteFit Underwriting program.1"
View Flyer>>
Upcoming Webinar
WriteFit Underwriting now draws a link between behavior and mortality risk
March 27th • 11:00 AM CT
Speaker Katy Herzog, Senior Underwriting Solutions Consultant
Join Webinar >>
|
|
|
From AIG: Start The Longevity Conversation Today!
|
|
"When was the last time you had a longevity conversation with your clients?
Now's a great time! Help them by explaining the living benefit riders bundled into Asset Protector.
Secure Lifetime GUL 3 and Asset Protector offer clients access to assets whether they die too soon, live longer than expected or get sick along the way.
For more information on Secure Lifetime GUL 3 and Asset Protector visit RetireStronger.com/GUL."
Learn to tell the Asset Protector story:
|
|
|
From AIG: Rule of 25 Video #lifehack
|
|
|
#LifeHack – New 4% Rule
We all love things that make our jobs easier and faster… This new iteration of the “4% Rule” shows you how to assist your clients in planning their ideal savings for retirement in a few quick steps.
|
|
|
From Mutual of Omaha: New LTC Product Guides & Underwriting Guides!
|
|
"Newly redesigned materials include a new Product Guide and Underwriting Guide. The new LTC Product and Underwriting Guides are split into two standalone booklets."
View Now >>
|
|
|
From John Hancock: Term Conversions: Long-Term Care Rider Now Available With Underwriting
|
|
"We’re excited to announce that the Long-Term Care (LTC) rider can now be added to a permanent policy upon conversion, and new evidence of insurability will be applied only to the LTC rider offer.
Please refer to our updated Term Conversion guidelines for additional details, including the applicable requirements."
View Guidelines >>
|
|
From Eugene Cohen Ins. Agency, Inc.:
DI DAY 2019 - RSVP & Reserve Your Spot Today!
|
|
DI DAY 2019 TUES, MAY 14TH
- Expert DI industry speakers share the latest on their words of advice & product development!
- Learn how to position disability insurance products to the marketplace
- See why DI can be the product that creates client relationships that last a lifetime!
- Coming in from out of town? Overnight accommodations are available.
- DI Exhibits booths!
- Lunch & networking to follow approximately after
|
|
|
**LIMITED ADMISSION**
Due to space limitations, we cannot accept more reservations once the spaces have been filled.
YOU MUST RSVP FOR THIS EVENT!
|
|
|
On-site CE Ethics Course for IL Brokers
|
|
CE ETHICS COURSE
TUES, APRIL 30TH | 9 AM - 12 PM
While the class is provided as a courtesy, the CE Provider, PTS (Professional Training Services, Inc.), does require a check for the IL State Filing Fee of $18.00.
Register Now >>
|
|
Eugene and Michael Cohen are both honored to be asked to write a monthly column on Disability Insurance for Broker World Magazine.
They've humbly accepted this request and have been submitting articles since the beginning of 2018.
We are happy to share a few of the latest articles below and invite you to view the archive library as well.
If you have any suggestions or care to get a hard copy of these articles sent to you, please do not hesitate to contact us; we'd love to hear from you.
Enjoy!
|
|
|
Broker World Magazine - Mar 2019
Disability Insurance: A Pillar Of Planning And Protecting The Nest Egg
Read Article >>
|
|
Broker World Magazine - Feb 2019
Buyout Coverage: To DBO Or Not To DBO?
Read Article >>
|
|
|
To view and read the archive of articles, click here! >>
|
|
|
From North American:
Watch Recent Webinars On-Demand!
|
|
"If you’ve missed any of our recent training opportunities, you can catch up on your schedule with North American Academy’s on-demand webinar library."
Watch Now! >>
|
|
|
|
|
