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July 1, 2017 Mutual of Omaha Income Advantage Minimum Premium Adjustment

Posted by on Jun 21, 2017 in Carrier Updates | 0 comments

On July 1, 2017 Mutual of Omaha will be adjusting their Income Advantage IUL minimum premiums for clients 56+ (Level DB Option only).


June 30, 2017 Transamerica to Increase Rates for TransCare III

Posted by on Jun 20, 2017 in Carrier Updates | 0 comments

There’s still time to apply for lower premiums!
Transamerica has announced it will increase pricing for TransCare III. But, you can still lock in the current, lower rates for your clients if you take action.
• To receive old rates, applications must be received by June 30, 2017
• Revised rates for news sales of TransCare III will become effective July 3, 2017

Your ASA Sales Team can help guide you through the process and help you meet the deadline. Don’t wait – reach out today to get started!

For more details, see the official announcement from Transamerica.

June 19, 2017 John Hancock Unveils New Submission & Underwriting Process

Posted by on Jun 19, 2017 in Carrier Updates | 0 comments

John Hancock Bypasses Lab Work in New Underwriting Process

Published 6/14/2017, Life and Annuity Specialist

By Jay Cooper June 14, 2017

John Hancock has launched a proprietary underwriting solution that will allow qualified applicants to receive an underwriting decision in as little as three days. The new underwriting approach marks the first time applicants for many of its life insurance products will be able to bypass bloodwork or in-person medical visits as part of the sign-up process.

ExpressTrack is available for consumers ages 18 to 60, applying for single life term or permanent coverage up to $1 million. Applicants interested in Vitality (a program that offers awards and premiums discounts for living a healthy lifestyle) and John Hancock’s popular long-term care acceleration rider are also eligible for ExpressTrack.

Consumers with favorable health profiles are most likely to get approval through the new underwriting process, receiving an underwriting decision of Standard up to Super Preferred in just a few days, according to the company.

Advisors will have two options for initiating the application process for clients: John Hancock Life eTicket, available for single-life term submissions; and John Hancock Life Paper Ticket, available for single-life term or permanent submissions. Once the advisor has filled out the ticket, a John Hancock sales representative will call the applicant and complete the application over the phone.

Read more…

June 12, 2017 Prudential Introduces Essential UL

Posted by on May 25, 2017 in Carrier Updates | 0 comments

Effective June 12, 2017, Prudential will be launching their newest universal life product, PruLife Essential UL. With it, you can offer your clients the simple design they want with the contemporary benefits they need. Here’s what you can look forward to:


June 1, 2017 Mutual of Omaha GUL Pricing Changes

Posted by on May 15, 2017 in Carrier Updates | 0 comments

Effective June 1, 2017, Mutual of Omaha will be updating their Guaranteed Universal Life (GUL) product pricing for new issue policies. These changes will help ensure the long-term viability of their inforce GUL portfolio.

Learn More..

May 6, 2017 Transamerica new rates for Trendsetter policies

Posted by on Apr 28, 2017 in Carrier Updates | 0 comments

The Trendsetter® Super and Trendsetter® LB life insurance products will be updated with new premium rates effective May 6, 2017.

Transition Rules

  • Applications received through iGO must be signed and submitted by 11:59 p.m. ET May 5 to receive the old (2016) rates. All iGO applications signed and submitted as of May 6 will receive the new rates.
  • Paper applications must be signed by May 5 and received by the Home Office in good order with all outstanding requirements by 4:00 p.m. ET on May 17 in order to qualify for the 2016 rates. All paper applications signed May 6 and later will receive the new rates.
  • Delivery Period: All policies issued with the 2016 rates and mailed as of May 6 will have a 30-day delivery period. The policy will not be placed in-force until the delivery requirements are received by the Home Office in good order. Policy documents will reflect the change in delivery date for all 2016 plans.

Click here for additional information

May 1, 2017 Mutual of Omaha introduces IUL

Posted by on Apr 28, 2017 in Carrier Updates | 0 comments

Effective May 1, 2017, Mutual of Omaha is adding to their Indexed Universal Life product line.

Life Protection Advantage is designed with a greater emphasis on death benefit protection.

Designed for clients who:

  • Want to lock in a death benefit that is guaranteed for a meaningful number of years
  • Understand the additional years of death benefit protection they need beyond the long-term no-lapse protection period may be extended on a non-guaranteed basis
  • Want the potential for greater growth than a traditional fixed interest universal life policy can offer, and are comfortable with their interest rate being based on the performance of a market index
  • Prefer a policy with flexibility for the future – with features such as: a Guaranteed Refund Option, which provides qualifying clients with opportunities to get their premium back, accelerated Death Benefit Riders, which allow clients the opportunity to access a portion of their death benefit early for terminal or chronic illness and cash value* that can be accessed via loans or withdrawals

Click here for more information.

April 26, 2017 Lincoln announces annuity rate decrease

Posted by on Apr 26, 2017 in Carrier Updates | 0 comments

Lincoln Financial announces rates are decreasing in May for SPIA and DIA.

Paperwork for fixed & indexed annuities must be in house, no later than 4pm EST on Friday. Cash business will rate lock for 7 days and 1035 or Qualified business receives a 60 day rate lock.

The last day to run a SPIA or DIA illustration with April rates will be Friday, April 28th. Illustrations are good for 7 days, if it is cash business the paperwork and money must be in during that 7 day period. If it is a 1035 or qualified business the paperwork and illustration must be in during the 7 day period to rate lock.

Click here for rate sheets

April 17, 2017 Protective new ExtendCare rider now available

Posted by on Apr 17, 2017 in Carrier Updates | 0 comments

Protective Life Insurance Company is pleased to introduce a new ExtendCare Rider that will be available with Protective Advantage ChoiceSM UL and Protective Indexed ChoiceSM UL effective April 17, 2017.


April 10, 2017 North American changes to Guarantee Choice MYGA

Posted by on Apr 10, 2017 in Carrier Updates | 0 comments

Effective April 10, 2017, the North American Guarantee Choice multi-year guarantee annuity will change as follows:

The new name will be:  North American Guarantee Choice II and will have an updated surrender charge schedule and discontinuation of the minimum guaranteed contract value.

Click here for more information.