Category: Carrier Updates

Reprice on Pacific Life’s Promise Term

As of October 15, 2018, PL Promise Term life insurance just got more competitive.  Check out Pacific Life’s new premiums.  You can rely on Pacific Life to remain committed to the term market place and ensure their product remains competitive with innovative solutions. Transition Period The new PL Promise Term rates go into effect beginning October 15, 2018.  A 60-day transition period from October 15, 2018 through December 14, 2018 is provided. During the transition period, a request to use the lower rates is not required and any premium received with an application using the higher rate will automatically be...

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Sharper Term Rates from Legal & General

October 8, 2018 – New rates include a mix of decreases and increases.  Rate decreases in more than 40% of pricing cells improved our ranking against core competitors.  Less than 7% of rates increased and focused on female tobacco users at higher face...

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Rock On with American General’s Select-a-Term

Effective September 17, 2018, American General’s Select-a-Term proves again it is no “one-hit wonder” with lower rates in certain issue ages and risk classes.  The rate changes will include increases and decreases in certain cells.  In addition, AIG has lowered the monthly modal factor from 8.65% to 8.55%, improving Select-a-Term’s competitive position on a monthly basis.* Hit a high note with the Select-a-Term difference: Pricing All states except New York: Nearly 80% of the premium rates rank in the top two, and 86% rank in the top three.** In New York, more than 87% of the premium rates rank in the top two, and 90% rank in the top three.** 18 durations, including 10-year and 15 through 30 years and a 35-year term, with renewable coverage until age 95 for older clients. Convertible to the earlier of age 70 or the end of the level term period.   *No change to the New York product modal factors **Comparison based on 15, 20, 25, 30-year term durations, male and female quinquennial ages 20-75, $500K and $1.5M face amounts in non-tobacco underwriting classes (640 cells) against 15 leading competitors (11 in New York) on August 10,...

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Help Take the Fear Out of the Unknown with Transamerica

How will you respond to the unimaginable? Show your clients what the Financial Foundation IUL can do.  Clients need you to help them determine what option works best for their specific situations, and we know that can be tricky.  Learn more from these resources that may help your provide the answers when your clients need them...

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Operation Updates and More from One America

Beginning October 2, 2018, the Consumer Suitability Questionnaire is no longer needed for Asset-Care I and Asset-Care IV, provided the new Patriot Act ID form 7-17078 02/09/18 is submitted.  The consumer suitability form is still required for Asset-Care II and III, and all Annuity Care...

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