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The reprice has resulted in premium decreases in a variety of areas with most significant decreases in:Shorter term durationsPreferred Plus and Preferred rate classesYounger agesDetails here.
Effective May 22, 2023, Select-a-Term is repriced in all states, except New York.•Pricing: There are no premium increases, and roughly 30% of cells have lower premiums with an average decrease of roughly 1.5%. •Low monthly modal factor remains at 8.45% and continues to put Select-a-Term among the top term products in the market today. •Faster decisions: Agile […]
Here are details and updated information that you need to know to conduct annuity business on or after the effective dates.NAIC Best Interest Financial Professional TrainingNewly licensed financial professionals – you must complete all necessary training prior to submitting new business applications beginning on June 8th, 2023.Financial Professionals who have already completed the existing NAIC […]
Next round of in-force rate action notifications to take place in late MayIn late May, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after September 1, 2023. Details here.
Every year, 5 million older Americans are targeted by financial scammers, particularly online, and these scams have gotten more sophisticated than ever, putting you and your aging loved ones at risk. In this article, you’ll find advice on how to defend against financial scams and frauds targeted at older adults, such as signing up for the […]
See the full announcement here.
Over the last few days, you may have seen news reports about Silicon Valley Bank and resulting concern about the stability of the banking sector. Actions by the Federal Reserve and the U.S. Treasury have been swift, but this remains a developing situation. Read the full release from OneAmerica here.
Brighthouse Life Insurance Company and New England Life Insurance Company 2023 Dividend Scale Interest Rate Announcement: The Dividend Scale interest rate will remain unchanged. Other dividend factors, such as mortality and expense charges, will also remain unchanged. Eligible policies:•Brighthouse Promise Whole Life*•Brighthouse Promise Whole Life 120*•Brighthouse Promise Whole Life Select 10•Brighthouse Promise Whole Life Select […]
Effective January 23, 2023,pricing improvements to Lincoln MoneyGuard Fixed Advantage®, will reflect reductions up to 14%. Get information here.
Read the latest article by our very own Estate Planning Specialist, Sean Link, JD. CONSIDER THE IMPORTANCE: Rising Interest in Estate Planning
