nschmitt@ubsnet.com

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 […]

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 […]

Effective December 1, 2021. Full Announcement here.

SBLI will be introducing changes on December 15, 2021 to their Whole Life product portfolio.See full transition information here. 

Announcement by John Hancock:In light of certain administrative requirements in New York related to business insurance (including but not limited to key person, buy-sell, partnership and policies to fund benefit plans), John Hancock is unable to accept applications for such insurance at this time. We are committed to meeting the needs in this segment of […]

John Hancock is pulling the PSUL product as of 1/1/2022. A repriced product will be introduced in 2022. Read full transition details here.