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.
Click here to watch Protective recent webinar on how rethinking your term strategy can help grow your book or business.
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.
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.
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 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.
Accelerated Underwriting in New York State
Based upon the recently released Circular Letter No. 1 from the New York State Department of Financial Services (available here), William Penn Life Insurance Company of New York will be withdrawing its APPcelerate accelerated underwriting program while we continue to assess the requirements of the Circular Letter.
All William Penn applications signed on or after Monday, January 28, 2019 will be subject to traditional underwriting and not eligible for the APPcelerate accelerated underwriting program.
David Szeremet, Second Vice President, Advanced Planning at Ohio National, brings you fresh and flavorful sales bites about business insurance in this new six-episode podcast series. Designed to be easy to listen to and digest, David covers the three levels of business insurance planning, ideas for overcoming objections, conversation starters and much more. In episode 1, David takes the complexity out of business insurance by breaking down the three levels of planning. Listen as he shares pointers on developing cases with simple strategies and conversation starters.
From OneAmerica: “Beginning Jan. 1, 2019, the option of joint life with 4% acceleration will no longer be available on any Asset-Care product. This change allows us to maintain a healthy, robust product portfolio and continue providing products for consumers that are more life and LTC balanced.”
For more information, including transition rules, please click here.