LIBRA PARTNER
John Hancock Interest Crediting Rate Change
Effective January 21, 2021- Policy Crediting Rate and Index Parameter Changes
nschmitt@ubsnet.com
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Posts by Nadine Schmitt:
Upcoming Prudential Rate Increases
Effective February 22, 2021, rates for Term Essential, Term Elite and SUL Protector will increase. Click the links above for details.
John Hancock- Temporarily Raising Minimum Face Amount for Term to $750,000
Effective January 28, 2021 John Hancock will temporarily raise minimum face amount for term insurance to $750,000.Applications under $750k face amount must be signed and received by the JH home office on or before Wednesday January 27, 2021 in order to be issued.Any application received on or after January 28 with a face amount of […]
Important Update: Section 7702 Changes
In the late hours of 2020, the Consolidated Appropriations Act, 2021 (CAA) bill was passed and signed into law. This bill includes revisions to Section 7702 of the Internal Revenue Code. This article discusses the changes and potential effects on the life insurance accumulation space. • Section 7702
Transamerica Standalone LTC Exit- Update
Individual LTC – March 31, 2021 – all applications must be completed, signed and received by Transamerica LTC by this date. Multi-Life LTC – A SGR for an approved MultiLife case must be received no later than March 31, 2021. Last day to submit a MultiLife Application will be June 30, 2021Regardless of how business […]
2021 Whole Life Dividend Rate Crediting History
See the full report here.
Lower Rates for Protective Classic Choice Term
Big news: We’ve lowered our prices for Protective® Classic Choice term yet again.We’re more competitive than ever, with prices that put Protective in the Top Three 95% of the time in monthly pay scenarios and 92% of the time in annual pay scenarios.*And there’s more. We’ve:Extended our maturity age to 95Increased maximum issue ages in our […]
Enhance Your Social Selling
Is COVID-19 making it more difficult to connect with clients? For life insurance producers, building a business has always been about networking and meeting new people. Is it any surprise that social media and social selling have become a mainstream way to stay top of mind and deepen the relationships you have with your clients? […]
Update- Genworth and China Oceanwide
See the latest update of the China Oceanwide acquisition of Genworth here.
Has your mailing address changed?
With 1099’s being generated for 2020, we want to make sure you and your team receive any timely financial documentation. If you have changed the address for receiving mail, moved or have plans to move soon, please email us with your new mailing address.