Category: Carrier Updates

September 29, 2017, AIG Inheritance Life Plus will be discontinued

Effective September 29, 2017, Inheritance Life Plus will be discontinued.   Inheritance Life Plus Transition Rules Effective September 29, 2017 the Inheritance Life Plus product will be discontinued. New applications must be signed by September 29, 2017. Applications must be received in good order in the home office no later than October 13, 2017. After October 13, 2017, new applications will no longer be accepted for Inheritance Life Plus. Product illustrations and application submissions via eConnections will no longer be available after October 13, 2017.   Cash-funded Application: Applications received on or prior to October 13, 2017 must be in good order, paid and inforce by November 13, 2017. Applications not paid and inforce by November 13, 2017 will be closed out as incomplete with no coverage provided.   1035 Exchange: For applications being funded by 1035 exchange, all paperwork must be in good order by November 13, 2017 so that funds may be requested. If paperwork is not in good order by November 13, 2017, the policy can either be issued without 1035 exchange funds or closed out as incomplete with no coverage provided.   View AIG Product...

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August 28, 2017 Principal Universal Life Protector IV reprice coming in August

Principal Universal Life Protector IVSM re-price coming in August Effective August 28, 2017, Principal Universal Life Protector IV will have updated pricing for new-issue policiesĀ in all states and the District of Columbia. Rates will increase approximately 4 percent, with some rates higher and some lower than this overall average. By premium-paying pattern, average increases are: o Approximately 4-5 percent for level pay o Approximately 2 percent for single pay. Applications must be received in good order at home office by August 27 to receive current rates. Applications received after this date will receive new rates. View full transition guidelines. For more information contact your ASA Life Marketing Specialist....

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