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Banner- New Term Pricing
Effective June 10, new rates for Banner Life and William Penn OPTerm 10, 15, 20, 25, 30, 35 and 40 include a mix of decreases and increases. The reprice lowers the monthly modal factor from 0.086 to 0.085. Get details here.
nschmitt@ubsnet.com
About nschmitt@ubsnet.com
Posts by Nadine Schmitt:
Plan Now, Gift Later
For clients who are on the fence about making large gifts and want a plan that keeps their options open, leveraging lower interest rates with private-finance loans may offer a compelling solution. For more information on how a “wait and see” technique works, check out these popular resources. “Wait and see” loans client guide”Wait and see” […]
7 Ways Small Businesses Can Maximize PPP Loan Forgiveness
PPP loans were designed to be largely converted into grants. But understanding exactly which expenses qualify for PPP loan forgiveness is not always apparent. Principal has created a Paycheck Protection Program expense tracker (reference article below for access) to help you document your expenses along the way to reach maximum loan forgiveness according to your […]
Protective- Competitive new Rates
Protective® Classic Choice Term now ranks as a Top 3 option 96% of the time in monthly pay scenarios and a Top 3 option 92% of the time in annual pay scenarios. See recent updates, including added 35- and 40- term periods here. And don’t forget, Protective is on Vive!
Price Increases at Principal but there is STILL TIME!
Coming June 8, 2020 – Price increase on the GUL & SUL products.Do you have clients with term policies that should be visited for conversion interest? Lock in the current great rate before the increase. Contact our Case Design Team. -On average, UL Protector V single and 10 pays will increase 13-14%, and level pays will […]
New Life Insurance Tax Guide
Securian has a NEW Life Insurance Taxation Guide, including a discussion of the new Transfer for Value rules.
Lincoln Rate Change Announcements
Pricing Update – Lincoln LifeGuarantee® UL (2019) – 05/11/20Effective May 11, 2020, Lincoln is announcing pricing updates on Lincoln LifeGuarantee® UL (2019). Lincoln LifeGuarantee® UL (2019) – 05/11/20 will replace Lincoln LifeGuarantee® UL (2019) – 11/11/19 for all states that are approved at rollout.Premiums have increased 16% on averageTransition period begins on May 11, 2020 […]
Webinar May 21st: Economic & Markets Outlook with Nationwide Financial’s Senior Economist
Please join us for a LIBRA exclusive webinar discussing:Economic & Markets Outlook with Nationwide Financial’s Senior Economist Benjamin AyersDate: May 21, 2020 Time: 2:00 PM EDT Please register at: https://attendee.gotowebinar.com/register/6825803776440310285 After registering, you will receive a confirmation email containing information about joining the webinar. Hope you can join us!
Smooth Sailing with $1 million and NO EXAM!
“NO Touch” Process from Beginning to End Smooth Sailing is a straightforward underwriting process with Pacific Life for up to $1 million of Low Cost Term or competitive Guaranteed Universal Life. Think about clients wanting insurance NOW more than ever before, but don’t want someone coming to their home for an exam. Smooth Sailing is the answer, and […]
Nationwide CareMatters II- Rate Changes
Effective May 11, 2020, Nationwide is repricing the current Nationwide CareMatters II product for all new business. Read the full product update notice here. Transition Guidelines and Important dates here.