Levinson’s “Revenue Booster” Sales System Brochure + Agent Guide Now Available!
Harness the power of the P&C Agency partnership and increase your Life Insurance revenues immediately!
CLICK HERE to request a co-branded copy of this Guide!
Product News
Annuity Updates 7.19.2022 + New Carrier!
We have added Guaranty Income Life to our portfolio of carriers! We are very excited to have them as they have some niches to help you make more sales.
Introducing Guaranty Income Life Insurance Company
Also known as GILICO!
GILICO Highlights:
- MYGA Available to Age 100!
- 3.95% rate for 3 Years up to age 100! ($100k+)
- Industry Leading Income Payouts!
- Annuity/LTC Combo Product with AnnuiCare
- Get your clients 3X the annuity accumulation value for qualified LTC expenses!
- This creates TAX FREE LTC Coverage!
- No medical exam
- Just a phone interview to qualify!
- 5,7, and 10 year options on the WealthChoice FIA
- 8.50% S&P Cap on the WeathChoice FIA 10 Year!
- Strong Index with the Horizon Ascend 5%
- B++ Rated by AM Best
View the GILICO Rate Sheet HERE
View the Top Income Payouts Flyer HERE
View the GILICO Financial Summary HERE
Lincoln: Launching July 25 Real-Time Offers for Life Insurance!
We are excited to announce the new launch date of the Real-Time Offer for life insurance products: July 25, 2022. We are terrifically excited about this exciting new capability so we can continue to deliver the best possible experience for you and your producer clients.
I hope you saw the piece in the Monday, July 11, Lincoln Leader, but, ‘just in case’ you didn’t, I’m attaching an Overview for you to review and share internally and externally as you wish, with the only codicil being, to not share with any wirehouses or institutional customers.
Real-Time Offer Agent Overview
Thanks for allowing Lincoln to be a big part of your solution package. And, if you have any questions about this new capability, please contact your Underwriting/ New business Team.
Transamerica- Updated ITIN Guidelines & LTC Rider Eligibility
| Transamerica is pleased to announce several exciting changes to our underwriting guidelines to help you provide more coverage to families and individuals to expand your business. |
| ITIN Program Enhancements |
| Based on feedback from agents like you, we’re pleased to announce several enhancements to the Individual Taxpayer Identification Number (ITIN) program.
For applications dated July 1 and later, updates to the ITIN program include: |
|
| We are also pleased to announce that Asylum Seekers (C8) are now eligible to apply for coverage under our ITIN program.
For more information on what has changed, download the ITIN Guidelines. |
|
| LTC Rider Eligibility Enhancements |
| For applications dated July 1 and later, U.S. residents with eligible visas and Employment Authorization Cards are now eligible for the LTC Rider. Download the Field Guide to Underwriting for eligibility details. |
|
Lincoln TermAccel® Updates: Now Launching July 25: Real-Time Offer for Life Insurance
| You’re receiving this email update from me this afternoon as a follow up to the 7/11 Lincoln Leader announcing the new launch date of Real-Time Offer: July 25. Please read on below and reach out to me, your dedicated sales contact for the TermAccel product, with any questions or concerns. Download the Real-Time Offer Flier using the link below until 8/4.
Now Launching July 25: Real-Time Offer for Life Insurance We are excited to announce the new launch date of Real-Time Offer: July 25, 2022. The decision to postpone until this date has allowed us to make final preparations for this exciting new capability, and ensure we are delivering the best possible experience for our financial professionals and clients. What is “Real-Time Offer” To improve turnaround times for life insurance ticket submissions, Real-Time Offer will immediately communicate an underwriting approval decision to clients that have been approved lab-free by our automated underwriting process. The client, writing agent and case contact will be notified of the approval upon completion of the online or phone interview. The approved underwriting offer may be ‘as applied for’ or ‘other than applied for.’ The underwriting rate class will only be provided to the agent and case contact. If labs or other information is needed, or if the case is declined, the agent and case contact will be notified through Lincoln’s standard pending case status process. What You Need to Know § Available for life insurance ticket submissions only: o Lincoln TermAccel® o LincXpress® submissions (single-life only): Lincoln LifeElements® Term, IUL, VUL* § Ages: 18-60 § Face Amounts: $2.5 million and less § Underwriting criteria: o Only available for cases assessed through the automated underwriting process o Client must be approved lab-free o Good Health Statement and Insurability Supplement is not required for cases approved via Real-Time Offer |
|
Kansas City Life: Tele-App now available for ages 18 – 70!
|
|
New Home Life Secure product from Guarantee Trust Life (GTL)!
You can download information by clicking on the links below:
Home Life Secure Underwriting Guide
Home Life Secure Graded Whole Life Brochure
Assurity Updates – QuickStart Rollout!
Late last year we released our new QuickStart quote-to-application browser-based platform for our Accidental Death product QuickStart Accidental Death, and we’ve begun rapidly releasing the platforms for the rest of our products, starting with Term which was just released QuickStart – Term. We’ve also learned that following the IRC 7702 changes, our Return of Premium riders on the majority of our products have been beating out our competitors’ offerings by double-digit percentages
Nationwide CareMatters III Pricing Improvements
| Beginning July 11, 2022, Nationwide will implement a price improvement for the CareMatters II product and is increasing some maximum issue ages. |
Pricing Improvements
The pricing improvement is an average decrease of 5% for all scenarios. The price decrease applies to all scenarios but will vary according to the characteristics of the case.
Maximum Issue Age Changes
Maximum issue ages for CareMatters II will increase from 70 to 75 for single-pay, five-pay, and 10-pay cases when electing Minimum Refund of Premium with Maximum LTC.
Important Dates
Any policies with an effective date on or after July 11, 2022, will receive the improved pricing. Standard CareMatters backdating rules apply.
