LIBRA PARTNER
LIBRA Insurance Partners (1/24/20)
Underwriters Brokerage Service is thrilled to be part of the future of life insurance distribution with LIBRA Insurance Partners. Read the latest press release here.
Industry News
Legal & General: Financial Strength Ratings Reaffirmed (1/22/20)
Legal & General America continues to back our market-leading competitive position and solid operating performance with exceptional financial strength ratings from three of the world’s top ratings agencies.A.M. Best ‘A+’ (Superior) Financial Strength RatingA.M. Best’s financial strength rating is an independent opinion of an insurer’s overall financial strength and ability to meet its ongoing insurance policy and […]
The Secure Act (1/21/20)
This John Hancock article summarizes what you need to know.
Legal & General Product Updates (1/20/20)
2017 CSO and PBR Product UpdatesAs of 1/1/2020, all U.S. life insurance carriers were required to transition their life insurance products to the 2017 Commissioners Standard Ordinary Mortality tables (CSO) and hold reserves calculated in compliance with the Principle-Based Reserving (PBR) regulation. Life Step ULTo ensure compliance with the changes to the 2017 CSO and PBR, […]
AXA is now Equitable (1/20/20)
Read the announcement here.
Pricing Update – Lincoln LifeGuarantee® UL (2019) (11/11/19)
Effective November 11, 2019, Lincoln is announcing pricing updates on Lincoln LifeGuarantee® UL (2019). Premiums have increased 17% on average Target premiums have increased to be aligned with updated lifetime level premiums Transition Guidelines: For states that are approved at rollout there is a 30-day transition period which begins on November 11, 2019 and ends […]
Preparing for the Impact of the SECURE Act (11/4/19)
As the industry awaits more news from Washington, learn the basics about the SECURE Act and the impact it could bring to your business by reviewing this article.
Guidance on New York Rule 187 (10/16/19)
The New York Department of Financial Service’s (NYDFS) new Best Interest regulation for life insurance and annuity transactions (Rule 187) requires producers to make significant changes in how they develop, document and disclose information about the life insurance and annuity policies they recommend to their New York clients. Given the magnitude of these changes, AALU […]
Important Underwriting Changes: Prudential is changing e-cigarette and vaping to smoker rate class effective 10/21/19 (10/8/19)
Important Underwriting Changes: Prudential is changing e-cigarette and vaping to smoker rate class! Due to increasing health concerns and FDA Warnings surrounding the use of e-cigarettes/”vaping”, Prudential has decided to change their policy to no longer classify users of these products as non smokers and will be underwriting them as tobacco users on applications dated […]
Genworth PA LTC Rate Update (10/8/19)
Read the Inforce Rate Action Announcement here.