Transamerica to Increase Term Rates May 6th
The Trendsetter® Super and Trendsetter® LB life insurance products will be updated with new premium rates effective May 6, 2017. Additional details here.
North American Annuity Rates to Increase April 25th
Rate Change Effective 4-25-17
Annuity rates improve on select strategies, including S&P 500® monthly and annual index cap rates on these fixed index annuities:
• NAC RetireChoice®
• NAC IncomeChoice®
• NAC BenefitSolutions®
Fixed rates will increase on their traditional fixed annuity as well:
• NAC FoundationChoice Plus
Rate Information Available HERE.
Protective Announces New ExtendCare Rider
Protective Life Insurance Company is pleased to introduce a new ExtendCare Rider that will be available with Protective Advantage Choice UL and Protective Indexed Choice UL effective April 17, 2017 in approved states.
So what’s different? The new ExtendCare Rider features:
- Removal of the permanent loss of two Activities of Daily Living (ADLs) requirement
- Waiver of monthly deductions required to maintain the policy during a benefit period
- An additional waiver of monthly deductions for as long as the policy is in force, if the insured is certified as chronically ill for three consecutive benefit periods
More here.
Minnesota Life: Premium Deposit Account Rate Increase
Effective April 11th, Minnesota Life is increasing interest rates on the Premium Deposit Account. Rates are available here.
LGA’s APPcelerate Program Expands
APPcelerate, LGA’s automated underwriting program for qualified applicants, eliminates the need for medical exams, labs or APSs. Same great pricing and full commissions! Now available for face amounts up to $1m! Details here.
More Flex Pay Options Open Up New MoneyGuard Opportunities
In response to customer demand, Lincoln will offer additional MoneyGuard payment options effective April 17th in approved states. Clients ages 40 to 54 will now have the option to fund up to age 65, potentially as long as 25 years. Lincoln will also make the first pricing change since the product was introduced in early 2014 leading to a cost increase or decrease, depending on each client’s specific situation. More here.
Leader of the Pack: SBLI Term Rate Decrease!
SBLI is now in the Top 3 a whopping 83% of the time for issue ages 20-70 with face amounts greater than $500,000. For more information and transition rules, please click here.
Changes to North American Custom Guarantee® UL
On January 30, 2017, North American will offer a new version of Custom Guarantee UL; this updated version will have higher premiums to guarantee the death benefit to maturity. The magnitude of the change will depend on a number of factors including the issue age, underwriting class, face amount, and funding pattern. Additional details here.
New IUL Products from North American
New IUL Products Available! North American is pleased to introduce newly revised Indexed Universal Life Insurance
products. The Builder IUL, Guarantee Builder IUL and Rapid Builder IUL products are approved and available in all states EXCEPT CA, DE and MT. (We will inform you when these become available).
Note: Survivorship GIUL will not be changing at this time.
Additional details and transition dates can be found here.
Assurity Century+ DI Now Available in NY!
Assurity’s Century+ product is guaranteed-renewable disability income coverage, ideal for individuals in the middle-income market and a variety of occupations including the self-employed. More details, including product information, occupational classifications and more, can be found here.