LIBRA PARTNER
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.
New rates include a mix of increases and decreases, with a focus on earning the top competitive position in the Preferred and Standard Non-tobacco classes and improving competitive position in the Preferred Plus class. Rate changes were primarily focused on the 10 to 30-year level term periods with no change to 35 and 40-year options.Get […]
COMPANY MERGER INFORMATIONStarting on Thursday, October 1, 2020*, Transamerica Premier Life Insurance Company (TPLIC) will merge with and into Transamerica Life Insurance Company (TLIC). Be assured, the effect of the merger to policyholders is minimal. All client benefits, as well as policy and certificate features (including the policy numbers), stay the same. You and your […]
From Prudential:• PruFast Track maximum face amount will be permanently increased to $3 million. Based on our experience over the past several months, we are making a permanent change to offer accelerated decisions on cases up to and including $3 million. The probability of receiving an accelerated decision (no exam/lab/medical records) is higher at the […]
New AG 49-A regulations are slated to go into effect November 25, 2020. IUL illustrations cannot include multipliers, bonuses or buy-ups (such as higher cap or par rates with a charge.) Use this short guide to learn what’s changing and implications for IUL illustrations.
See the full transition rules here.
Pac Life has provided advance notice that they will be raising their GUL max face amount from 2.5Mil to 3.5Mil effective September 21. See formal announcement here. Contact our Case Design Team if you need illustrations before the official announcement.
Nationwide is offering CE opportunities for the fourth quarter. See details here and register soon, as they do anticipate these to fill up quickly.
Prudential Tickets- Quick Submit App, Vive and iGO are back! While a recent transition of vendors temporarily disrupted the use of tickets, this issue has now been resolved. You are once again able to submit Prudential business via tickets using: VIVEQuick Submit AppiGo Prudential continues to offer competitive rates, excellent conversion options and underwriting. Contact our Case Design Team for quotes or questions.412-281-0600fax […]
