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Reminder: New Term Pricing Effective October 8, 2020
New rates for Banner Life and William Penn OPTerm series options include a mix of decreases and increases.
Banner Life OPTerm pricing comes in at #1 - 73% of the time and top 3 - 89% of the time against core competitors *
What's Changed
New rates include a mix of increases and decreases, with a focus on earning the top competitive position in the Preferred and Standard Non-tobacco classes and improving competitive position in the Preferred Plus class. Rate changes were primarily focused on the 10 to 30-year level term periods with no change to 35 and 40-year options.
William Penn OPTerm pricing comes in at #1 - 80% of the time and top 3 - 94% of the time against core competitors **
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