Phone 800-227-1258
Direct Phone Extensions and Contact Numbers:
Amy Mastroianni: 781-437-4340
Elizabeth Herlihy: 781-437-4337
Rick Drislane: 781-437-4344
E-mail: amy@dandmbrokerage.com or elizabeth@dandmbrokerage.com
or rick@dandmbrokerage.com
Website: www.dandmbrokerage.com
For Financial Professional Use Only. Not For Use With The General Public.
1 2019 Forbes Article - Working Longer In America: Prospects And Problems
2 2020 CNBC Article - Debt among oldest Americas skyrockets 543% in two decades
3 2020 Policygenius Article - Whole vs. term life insurance
*Premiums should always be quoted online and sample rates provided should not be used as a means for quoting premiums with clients or prospects.Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Valley Stream, NY. Banner products are distributed in 49 states and in DC. William Penn products are available exclusively in New York; Banner does not solicit business there. The Legal & General America companies are part of the worldwide Legal & General Group.
Banner OPTerm policy form # ICC21-DTCV and state variations. In New York, William Penn OPTerm policy form # DTCV21-NY. OPTerm premiums are guaranteed to stay level for the initial term period and increase annually thereafter. Rates are for Banner OPTerm as of 9.29.2021. Rates for William Penn may vary. Premiums quoted include a $60 annual policy fee. OPTerm 40 is a term product that provides level term coverage for the initial term period. Premiums increase annually thereafter to age 95, at which time coverage ceases. Unlike GUL, OPTerm does not provide permanent coverage, flexible
premium or potential cash value. Life Step UL is a flexible premium universal life insurance plan. Banner policy form # ICC19 ULS20 and state variations. This product offers a coverage guarantee to maturity at age 121 if the appropriate premium according to policy terms is paid on time. The policy will not lapse if the coverage guarantee requirement is met. A policy loan however, that exceeds the cash surrender value will result in a lapse of coverage. Signed illustrations are required for Life Step UL. The Banner life insurance premiums quoted here are based on the information provided for this quote. The quote is based on the assumption of excellent health and does not take into consideration occupational risks or other avocations. Approval and actual rates will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. Life Step UL policies can be issued ages 20-85, in underwriting classifications preferred plus nontobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. Substandard policies can be issued through Table 12, subject to underwriting discretion. Minimum face amount is $50,000. Current cost of insurance rates varies by underwriting class. Access to account value will result in a surrender charge that is applicable during the first 9 policy years. Partial surrenders are allowed in approved states. Current interest and cost of insurance charges used to calculate the policy account value are not guaranteed and may be changed by Banner at any time for any reason, subject to contractual limits. Additional expense charges will apply. The coverage guarantee amount is used to determine whether or not a policy will lapse and is calculated in a similar manner as the policy account value, using different charges and interest. The coverage guarantee cost factors are guaranteed not to change. Rates as of 07.01.14. Two-year contestability and suicide provisions apply. Policy descriptions provided here are not a statement of contract. Please refer to the policy forms for full disclosure of all benefits and limitations. For broker use only. Not for public distribution. LAA2302 CN 09292021-1 (Rev. 9.29.21)
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