Industry News

As of December 7 (January 4 in NY), PruLife® SVUL Protector rates have increased about 10%. Learn more here. 

John Hancock is enhancing the LTC Rider elimination period beginning December 7, 2020. Instead of requiring 100 service days before LTC benefits are payable, clients can wait 90 calendar days from the day they are certified as chronically ill and count every day, whether or not they receive LTC services. No impact to pricing. Details […]

Security Mutual Life will be holding its dividend in 2021 for a sixth (6th) consecutive year.   Read the full announcement here. 

Read full details here for the announcement for Pennsylvania, among other states, effective date November 9, 2020

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.