Global Atlantic Press Release:
A.M. Best upgraded our insurance companies’ financial strength rating to “A” (Excellent) with a Stable outlook (third of 13).1 This upgrade recognizes our strong financial performance and capitalization, consistent business strategy and execution, and is the latest validation of our strength in the marketplace.
In announcing the rating, A.M. Best states, “The rating upgrades reflect Global Atlantic’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management…all the while maintaining consistently strong operating performance supporting growth in capital.”
Read A.M. Best’s press release on the upgrade.
Watch our Roll-Out Webinar Below:
Assurity Term will be available in CA, DC, DE, FL, ND and SD on February 6, 2018. LifeScape NonMed Term 350 and Term 350 Plus will be discontinued in these states. Applications for NonMed Term 350 and Term 350 Plus that have been signed and dated prior to February 20, 2018, will be accepted as long as the application is received by Assurity by February 27, 2018.
On February 6, please visit the Product Center of AssureLINK for more information, including product information and marketing materials.
You Asked, We Delivered. Pacific Life Launched Voice Sign for PL Express App on 1/16/18!
PL Express App, the PL Promise electronic ticket platform, launched Voice Signature (vSign) capability which makes it easier for clients to sign the entire application.
Benefits of this enhancement include:
‐ You can provide applicants a way to complete their applications more quickly and bind coverage at the end of the tele‐interview if they choose.
‐ Your ability to lock in clients faster can yield higher conversion and placement rates.
‐ You will no longer need to depend on the examiner to bring the application package to the exam for the applicant to sign, reducing opportunities for error.
What you can expect of the vSign process:
‐ The producer needs to capture the applicant’s email address in the ticket to ensure vSign is an option for the client.
‐ The producer needs to indicate if another carrier’s lab and exam were completed which will allow for more efficient processing of those tickets.
‐ The applicant will receive proactive emails from Pacific Life during the process of completing the application. The applicant is not required to open or do anything with the emails referenced
above. These emails are simply a way to keep the applicant updated throughout the process.
o After the ticket is submitted, the applicant will receive a blank application package via email. This enables to applicant to see what forms may be vSigned during the tele‐
o During the tele‐interview, the interviewer will proceed with the applicant to vSign the application, however, the applicant may opt out if desired.
o At the end of the tele‐interview, the applicant will receive a copy of his or her signed, completed application package for reference.
PL Express App is supported by the following technology platforms:
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products
Genworth LTC Updates
The E-app and Quote It tools have been updated with the new 2018 Partnership Minimums for CA, IN, CT and NY.
The UW Medical Interview Scheduling in our E- App Tool, for only ages 65 and over, was removed from the tool . Underwriter Medical Interviews for ages 65+ will be discontinued 2/26/18. Genworth Case Managers will be scheduling Medical Interviews for the Underwriter until the date of 2/26/18 on all E- Apps and Long Applications received age 65 and over, including ordering the required Para Med, Labs and Face to Face Cognitive Interview.
To summarize, for ages 65 and over starting on 2/26/18, the Underwriter will stop doing Medical Interviews with the Applicant. The Applicant will continue to complete a Para Med( Part 2) , Labs and Face to Face Cognitive with a Para Med Facility like they do today for age 65 and over. Please see our True View UW guide for all requirements by age.
A bulletin will be coming out on these changes 1/26/2018.
Contact us today to learn more!
Introducing a newly SIMPLIFIED Advanced Markets Digital Experience
Do you ever wonder what approach to use, what questions to ask, and what strategies makes sense when your client is a high net worth individual, business owner, or charitable organization?