LIBRA PARTNER
From Principal, January 31, 2022:Earlier today, Principal® announced a reinsurance transaction for our universal life insurance with secondary guarantee (ULSG) and in-force U.S. retail fixed annuity blocks. We initially shared our intention to exit these markets in June 2021 following a strategic review of our portfolio.As a part of this agreement, Principal will retain the […]
Underwriters Brokerage Service is pleased to announce the promotion of Victoria Simon, NCCM, from Lead Case Manager to New Business Manager. In this new role, Victoria will be responsible for management, training and oversight of the New Business Team. She will also work closely with insurance carriers and the LIBRA operations team to ensure that […]
Read full announcement here.
Beginning January 3, 2022, Cincinnati Life will no longer be issuing paper policies for any reason. All policies will be issued using the e-Delivery process.
Do you have SwiftTerm clients looking for additional permanent coverage without having to go through the full underwriting process? Through the Symetra SwiftTerm Extra Coverage Program, clients who have purchased up to $1 million of Symetra SwiftTerm term life insurance within the last 30 days can purchase an additional Symetra Protector IUL, Accumulator IUL or […]
In late January, John Hancock will begin policyholder notifications on the next round of John Hancock and Fortis LTC policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after May 1, 2022. See complete details here. Important Reminder: John Hancock transitioned to electronic delivery of your […]
Wednesday December 15- Underwriters Brokerage will close at 1:30 pm so our staff can gather virtually for our annual Holiday party. We will close on Thursday December 23 at 3pm and be closed Friday December 24.We will close on Thursday December 30 at 3pm and be closed Friday December 31.
Recently, the IRS announced inflation-adjusted figures for two important items in 2022: the Federal Estate & Gift Tax Exemption and the Annual Gift Tax Exclusion. These recalculations are completely separate from any potential legislative input from Washington, so – barring any new developments in Congress – these are the numbers we will be working with in […]
As legislation has bounced around Washington, the potential outcome on various estate and tax planning strategies has been center stage. One of the most important questions revolved around Grantor Trusts and their use.Read the latest article by our Estate Planning Specialist, Sean Link, JDConsider the Importance: What is a Grantor Trust?
Effective December 1, 2021. Full Announcement here.
