Introducing PL PROMISE CHRONIC ILLNESS RIDER
Beginning May 13, 2019, your clients can include chronic illness rider protection with new issues of PL Promise GUL guaranteed universal life insurance policies. Quotes available on Winflex. More information available here.
Competitive New Term Rates from LGA
Effective May 13th, new rates for Banner and William Penn OPTerm 10, 15, 20, 25 and 30 include a mix of decreases and increases. No changes to their highly-competitive rates for OPTerm 35 and 40. More information available here.
Webinar Replay: Don’t Sell Your Term Business Short
Click here to watch Protective recent webinar on how rethinking your term strategy can help grow your book or business.
40 Days of 40 year Term: New Contest from LGA
Grow your sales in 2019 with Legal & General America. Agents can earn cash for each OPTerm 40 app submitted and be entered for a chance to win a bonus!
How it works
Eligible agents will receive $40 for each OPTerm 40 application submitted from April 22 through May 31, 2019.
Earn tickets for more cash
Each submitted application will earn 1 ticket to be entered into a drawing. After May 31, 2019, four participating agents will be randomly selected to win a $1,000 bonus.
The winners will also be invited to a special dinner with their General Agent, Brokerage Manager, Case Manager and Legal & General America Account Manager.
Banner business only.
Not available for William Penn business.
Products: OPTerm 40
AppAssist cases will qualify for the $40 per submitted OPTerm 40 application upon interview completion.
Call our office or visit the LGA website for more details.
Reprice on PL Promise Term Life Insurance
Beginning April 15, 2019, PL Promise Term life insurance will get more competitive. This reprice reinforces Pacific Life’s commitment to the Brokerage channel and meeting the specific needs of the broad market consumer – affordable death benefit protection solutions. You can rely on Pacific Life to remain committed to the term marketplace and ensure our product remains competitive with innovative solutions.
• We’ve targeted “sweet spot” pricing improvements in the following areas:
– All no nicotine rate classes: Preferred Best No Nicotine Use (PBNN) – Standard No
Nicotine Use (SNN)
– Older ages for 10- and 15-year term periods
– All ages for 20- and 30-year term periods
– All premium bands, particularly under $500K
• Continued competitive strengths in the following areas:
– PL Smooth Sailing fluidless underwriting program (see page 2 for details)
– Competitive Substandard pricing (+20% per table vs. the traditional +25%)
– Competitive Monthly Premium mode (monthly premiums)
More information is available here.
Update to Protective® Classic Choice Term in New York
As a reminder, Protective recently made changes to the Protective® Classic Choice Term product in New York to offer it only for cases at and above $1 million. As an additional update, Classic Choice Term cases in New York will no longer be available at the 25-year term period. More information and transition rules available here.
New! Top notch term rates from Legal and General
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.
More information HERE.
Introducing ULTRA-PREMIER, a new SPDA from Mutual of Omaha
The new Ultra-Premier annuity is designed to offer your customers more competitive interest rates, while providing them with a safe, secure place for their money to grow. More HERE.
Millions of RMD Opportunities
By 2035, 58.7 million retirees could be taking RMDs. You can help them with Integrity’s new RMD Opportunities value-add program:
Check out both for info, ideas, case studies and more.
Source: BNY Melon: “Baby Boomers and Required Minimum Distributions” March, 2016.
Business Insurance Sushi Podcast – Episode 6 | Overcoming the Pass-through Hurdle
David Szeremet, Second Vice President, Advanced Planning at Ohio National, takes calls from all over the country about business insurance, and the #1 request is business owners seeking tax-deductible premiums. In this episode of Business Insurance Sushi, David explains where some tax deductions can be found, and where some serious hurdles exist. He shares some examples where you wouldn’t want tax deductions on the front end, and some alternative concepts and conversations that may be beneficial to your business owner clients.