nschmitt@ubsnet.com

About nschmitt@ubsnet.com

Posts by Nadine Schmitt:

Genworth: LTC In-force Rate Announcement

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.

Banner/LGA- New Term Rates effective October 8, 2020

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 […]

Transamerica Merger Announcement

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 […]

PruFast Track Changes- Effective October 1

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 […]

AG 49-A: Plain and Simple

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.

Prudential VUL Protector Revised Effective October 19, 2020

See the full transition rules here.

Pac Life Raising GUL Max Face Amount

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.

CE Webinar Opportunities Available

Nationwide is offering CE opportunities for the fourth quarter. See details here and register soon, as they do anticipate these to fill up quickly.

Alert: Prudential Ticket Submissions are Back!

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 […]

Annuity Rate of the Week

If you’ve got clients sitting on cash reserves, offer them an opportunity to earn more for their dollars with principal protection and no risk of market losses. For more details on these and other highly competitive MYGA rates contact: Annuity@ubsnet.com Also ask us about a $250 commission bonus for select MYGA e-Applications for submissions through September 30, 2020. Ask for details Pre-appointment is required […]