Another Upcoming GUL Price Increase
North American recently became the latest company to increase pricing on their no-lapse GUL product, the Custom Guarantee UL. Pricing will also increase on their Guarantee Builder IUL. More info, including transition rules, can be found HERE.
Prudential Product Update: GUL Premium Changes
Prudential recently announced that “In order to maintain the sustainability of our GUL products, given current market conditions, Prudential has made the decision to increase premiums for new sales of PruLife Universal Protector and PruLife SUL Protector.” Additional information, including transition rules, can be found HERE.
Protective Custom Choice UL Rate Decrease
Effective August 29, 2016, initial level benefit periods of 15, 20, 25 and 30 years will see a premium decrease for Select Preferred, Preferred and Non-Tobacco rate classes. READ MORE HERE.
IMPORTANT: North American MYGA Rate and Commission Changes
Effective September 1, 2016, North American will reduce rates on the MYGA Guarantee Choice and Guarantee Choice II products. Also, commissions are reducing on certain fixed index annuities and multi-year guarantee annuity products; full details here.
AIG Now Available via RapidApp!
AIG is the most recent addition to RapidApp, our mobile-enabled, paperless, multi-carrier insurance quoting and drop-ticket tool. With RapidApp, you’ll be able to quote and submit … VISIT THE SITE.
Important Product Updates from Lincoln
Lincoln has announced that effective September 12, 2016, rates for the Lincoln LifeGuarantee UL will increase. Also, on October 4, 2016, current COI rates will be changed on some Legend Series UL policies originally issued … FULL DETAILS HERE.
These Underwriting Changes are BIG!
North American is making some big changes to their Prefered Criteria and APS Guidelines. These changes will be effective for applications received… READ MORE
Reminder: MetLife Individual DI Sales Suspension
As previously communicated, sales of new MetLife IDI policies will be suspended as of September 1, 2016. Any applications must be received in home office prior to this date and all issued policies… MORE HERE
Lincoln Financial: Updates to Term Conversion Guidelines
Lincoln will be updating their term conversion guidelines for new business effective September 12, 2016. Products and commissions will both be impacted… GET DETAILS