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Industry News
Lincoln MoneyGuard Pricing Update Effective March 27, 2020
This Lincoln MG rate increase, particularly for single and 5/10 pays, has a very short transition period to get the old rates, apps in good order must be received at home office by next Friday 3/27. Read full details here.
To our Brokers and Financial Advisors (3/17/2020)
We want to assure all of you that Underwriters Brokerage Service is doing its best to monitor the quickly changing impact of COVID-19. We are implementing several contingencies including working remotely, that will allow us to maintain most business functions along with security and responsiveness. There are things you can do to make it easier […]
Nationwide: Extended No-Lapse Guarantee Rider (ENLG rider) on the Survivorship Indexed Universal Life (SIUL)
Monday, April 6th, will be the official launch of the Extended No-Lapse Guarantee Rider (ENLG rider) on the Survivorship Indexed Universal Life (SIUL). Please see the SIUL transition guidelines, for submission details and important dates. We will be able to illustrate guarantees up to lifetime, but guarantees will be most cost-efficient on shorter durations; note […]
Symetra Term Reprice: March 13, 2020
At Symetra, we’re always fine-tuning our products to ensure they are competitive, fulfill your clients’ financial needs and help you build your business. That’s why we’re pleased to announce that our Symetra Term now offers even more competitive pricing than before.With our recent changes, Symetra Term ranks in the top three for policies with face amounts […]
AIG Premium Limits on GUL and VUL
Effective March 13, 2020, American General Life Insurance Company (AGL) and The United States Life Insurance Company in the City of New York (US Life), will be implementing a premium cap on GUL and VUL plans. Read details here.
Legal & General Addresses Foreign Travel
Legal & General has announced guidance on underwriting submissions for applicants planning to travel to or from certain regions. Read details here.
Legal & General: New Term Pricing Effective February 4, 2020
New rates for Banner and William Penn OPTerm 10, 15, 20, 25 and 30 include a mix of decreases and increases.No changes to OPTerm 35 and 40. Find everything you need to know here. Reminder: Rate structure change in New York. William Penn OPTerm rates are now set on a separate rate structure than Banner OPTerm rates. […]
John Hancock Interest Crediting Rate Changes (1/28/20)
Effective March 1, 2020, John Hancock will be changing the interest crediting rates on certain universal life, indexed universal life, long-term care products and variable life fixed accounts for new and inforce policies. Also, we will be making some changes to the indexed account cap rates of certain indexed universal life products. This flyer provides […]
AIG Select-a-Term Product Changes (1/28/20)
Applications for current rates must be submitted by Friday, January 31st, 2020. Any application received on February 1st or later will automatically receive the new rates. In addition to the new rates, they have also discontinued the term conversion credit. Please be sure to review the bulletin for full details.