LIBRA PARTNER
The 2021 IRS contribution and benefit limits for 401(k) and other qualified plans are available, with the highlights: The 401(k) and 403(b) maximum annual elective deferral limits remain unchanged at $19,500. The catch-up contribution limit for individuals aged 50 or over is still $6,500. The annual defined contribution limit has increased to $58,000. The annual allowable compensation limit has increased to $290,000. See the […]
When discussing LTC insurance products with your clients, there are a few things to consider. One of the most important is understanding how the benefits are paid and the impact it can have, not only on the person receiving care, but also on caregivers. Watch this quick video to understand the how the choice will affect […]
Effective October 12, 2020, Lincoln will move all life insurance annual and quarterly statements and VUL confirmations exclusively to LincolnFinancial.com instead of mailing copies to you. Please note: Lincoln still prints and mails documents to policyowners.
Get details and add to your calendar here. October 20, 20201:00 – 2:00 p.m. (Central) Call objectivesShare business concepts and approaches that are working well in the current environment.Hear about the current conversations Business and Advanced Solutions are having with financial professionals and their business clients.Discuss a new business market approach and new executive benefit concept.
Effective October 15, 2020, our unique Accelerated Underwriting (AU) process, which is guaranteed for anyone ages 18-60, increases its maximum face amount to $750,000 for all risk classes. The process continues to support all our term and whole life insurance products and to provide expedited underwriting with no in-person contact.The updated term rate bands are […]
Effective October 5, 2020: In-Force Rate Action Announcement: Pennsylvania: Privileged Choice® and Classic Select® with Flexible Benefit Option & 1% Benefit Increase Option Read more here.
New rates include a mix of increases and decreases, with a focus on earning the top competitive position in the Preferred and Standard Non-tobacco classes and improving competitive position in the Preferred Plus class. Rate changes were primarily focused on the 10 to 30-year level term periods with no change to 35 and 40-year options.Get […]
COMPANY MERGER INFORMATIONStarting on Thursday, October 1, 2020*, Transamerica Premier Life Insurance Company (TPLIC) will merge with and into Transamerica Life Insurance Company (TLIC). Be assured, the effect of the merger to policyholders is minimal. All client benefits, as well as policy and certificate features (including the policy numbers), stay the same. You and your […]
From Prudential:• PruFast Track maximum face amount will be permanently increased to $3 million. Based on our experience over the past several months, we are making a permanent change to offer accelerated decisions on cases up to and including $3 million. The probability of receiving an accelerated decision (no exam/lab/medical records) is higher at the […]
New AG 49-A regulations are slated to go into effect November 25, 2020. IUL illustrations cannot include multipliers, bonuses or buy-ups (such as higher cap or par rates with a charge.) Use this short guide to learn what’s changing and implications for IUL illustrations.
