Prudential: Lower rates on Term Essential!
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Product News
Gerber Life and DocuSign – eGuide Inside
| As of Wednesday, October 26, Gerber Life began using DocuSign as our new eSignature provider. Today, hundreds of millions of users in over 180 countries use DocuSign to accelerate the process of doing business and to simplify people’s lives.
Below, please review the enhancements to our eSignature process on the Agent Portal with the transition to DocuSign. We are linking an eGuide to help answer any additional questions you may have. This eGuide will also be within our Agent Portal, on the Document Dashboard under Training Materials. For additional assistance, please call our Agency Support Team at 800-428-4947. |
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Protective Executive UL Employer Group Carve Out Plans!
With the exit of Banner from the Group Term Carve-out space (A-List Term), Banner will no longer be accepting new participants into old plans. This means those old plans are prime candidates for replacement with a good product that is less expensive than products previously sold by many of Protective’s carrier counterparts. Protective Exec UL is percentage points cheaper than the A-List Term.
Executive UL for the Group Term Carve-out market:
- Guaranteed issue in the vast majority of cases, Simplified or full UW may be required for older age participants.
- Universal Life Chassis
- Minimum of 25 lives
- $100k DB minimum
- Max face groups of 25-49 = $40,000 x number of participants
- Max face groups of 50+ = $50,000 x number of participants
- Max face for any one individual is $5mm
- This solution has one risk class, Executive, which is gender distinct and uni-smoker.
- Minimum Premium: Minimum premiums vary by issue age, policy duration, sex and face amount. Minimum premiums increase each year. The schedule of minimum premiums for each insured is guaranteed and set for the first five years.
- Extend Care Chronic Illness rider can be included for the executive
Download Marketing Materials!
Executive UL Sample Case Designs
LTCi Payroll Tax Legislative Updates: What’s Next for State Mandated LTC?
You may or may not know of the Payroll Tax that is beginning to become very serious around the country.
The State of WA was first to enact this in 2020-21 and now other states are beginning to strongly come up with their own versions.
This is a payroll tax on all W-2 employees and it will provide a basic amount of LTCi coverage to people.
Employees can opt out if they have their own individual plans so it presents an outstanding opportunity for agents to start the discussion.
There are several worksite plans on the market that can be utilized and these plans include both guaranteed issue and simplified issue coverage.
ClickHere To Read The Full Article
Transamerica: Sneak Peek: An Easier Way to Sell
| A FASTER, MORE INTUITIVE SELLING EXPERIENCE |
| As a valued partner, you’re at the top of our list for receiving breaking news on product updates. Effective December 17, 2022, agents appointed to sell Transamerica Financial Foundation IUL® (FFIUL) will get a turbocharged selling experience.
With new digital capabilities and simplified outstanding requirements for new business, your agents will be able to maximize their efficiency to protect more families, faster. |
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North American: Expanding Coverage Opportunities for ITIN applicants and Foreign Nationals
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Securian (Minnesota Life) Year-End Guidelines
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AIG Life & Retirement is now Corebridge Financial!
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