Product News
Important Levinson News and Updates – 12/04/23 – The Chesapeake Life Insurance Co.
United Healthcare and Surebridge
Plans from The Chesapeake Life Insurance Company
Build growth and gain momentum this selling season with supplemental plans from The Chesapeake Life Insurance Company.
Present your clients with a variety of United Healthcare and Surebridge branded supplemental products designed to help with out-of-pocket expenses and round-out their overall health coverage and you could earn for every eligible issued policy in addition to commisions!! Click here for details
Important Levinson News and Updates – 12/01/23 – Gerber Life
Gerber Life
Multi-Factor Authentication Required Starting December 6
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Effective December 6, 2023, Gerber Life will begin using Multi-Factor Authentication (MFA) when accessing the Agent Portal. Multi-Factor authentication (MFA) is a security method that requires the user to provide two or more verification factors to access a resource. MFA is used to verify users’ identities before letting them access networks or online applications. |
Important Levinson News and Updates – 11/29/23 Principal
Principal
IDI product updates and deadlines for you and your clients
Dec. 1: Income Protector available in more states
Good news—effective Dec. 1, Principal® Income Protector, our new individual Disability Income (DI) insurance product, will be available in three additional states: ND, SD, and WY. Income Protector replaces our HH750 series individual DI product. To get an HH750 policy in any of these three states, we must receive a signed application in our Home Office by Feb. 2, 2024. View the transition guidelines.
See the Income Protector Profile for product details. And visit Principal® Income Protector for other important tools and resources for you and your clients.
We’ll also introduce the new delivery receipt for these three states that will be included in the policy packet when required. Completion of the new receipt will require you to:
- Answer a short series of “yes/no” questions.
- Provide additional details for any “yes” responses.
Have the insured/owner sign and date the form.
Dec. 8 and other year-end deadlines
To help ensure your individual disability insurance (IDI) business with Principal® is processed and paid in 2023, Dec. 8 is the deadline to submit all final underwriting and administrative requirements to us. However, submitting business prior to that and in good order will help ensure there are no delays for you and your clients
Jan. 2: Change to DI dental Resident discount
This applies only for states still selling our 750 individual DI product (and not our new Principal® Income Protector product):
- Effective Jan. 2, 2024, the Multi-Life Resident discount will no longer be available to dental students and residents (all specialties) purchasing our HH750 product.
- All HH750 applications for dental students and residents (all specialties) need to be signed and received in our Home Office by Dec. 31, 2023, to be eligible for the Multi-Life Resident discount.
- This change does not impact the employer Multi-Life discount. There are no changes to our Principal® Income Protector product guidelines.
See this DI Medical Residents Program flyer for more details.
Important Levinson News and Updates – 11/29/23 Symetra / Prudential / Nationwide / TransAmerica
Symetra
- Symetra will match formal or informal rate class offers from their group of eligible life insurance carriers
- Available with Accumulator Ascent and Protector IUL products.
- Ends December 31, 2023.
- Designed to move clients one underwriting rate class up to bring their overall insurance premiums down.
- Available with Accumulator Ascent IUL
- Ends December 31, 2023.
Designed to offer clients who were diagnosed with one of seven qualifying cancers the opportunity to earn up to a Preferred underwriting rate.
Prudential
Comprehensive Physical Program
- Underwriting will review and potentially utilize a client’s existing physician’s medical records in lieu of traditional age an amount exam requirements.
- For new business applications with face amounts between $10 million and $35 million where the offer is Standard or better.
Nationwide
- Nationwide will match trial or formal applications from their list of qualifying carriers.
- Permanent products only (does not include term or CareMatters)
TransAmerica
- May provide up to and including $1 million in additional coverage for your clients with Transamerica, using our expanded nonmedical underwriting.
- Individuals approved for Standard or better in the past 12 months by a company on their list of approved carriers may be eligible for a term or IUL policy with a comparable rate class or better.
Important Levinson News and Updates – 11/22/23 – Banner/Legal & General
Banner
All Hands on Deck for a Brighter Tomorrow
With more than a third of all applications receiving an instant-decisions, we can provide your clients with immediate peace of mind. And with an overall average cycle time of 15 days, we make the process faster, smoother, and more efficient ensuring that your clients get the coverage they need, when they need it.
Important Levinson News and Updates – 11/21/23 – Product Updates
Product Updates
- Equitable – Introducing Next-Level Protection VUL
- John Hancock – Living Benefit Options for Protecting the Future
- Legal and General – Supporting and Protecting American Service Members
- Mutual of Omaha – IUL Express vs Term Life Express
- Nationwide – CareMatters Together Conversation Starters
- Prudential – Turn Clients’ Challenges into Life Opportunities
- Symetra – Relieving the Financial Burden of Chronic Illness (Case Study)
Product Changes
- Equitable – VUL Incentive Life Protect, Coming November 13, 2023
- John Hancock – Premier Benefit IUL is Approved in California
- John Hancock – Term Application Deadline Extension to December 29, 2023
- Lincoln – Now Available: DCA 10% Fixed Account Enhanced Interest Rate Program for Lincoln MoneyGuard Market Advantage, Effective November 13, 2023 through June 30, 2024
- Lincoln – Now Available: Lincoln VULONE (2021) – 11/13/23 Effective November 13, 2023
- Lincoln – Now Effective: Bonus Rider and Premium Reduction Option Discontinued on Lincoln SVULONE, Effective November 13, 2023
- Lincoln – Table Reduction Program Discontinued on Lincoln VULONE and SVULONE Products, Effective November 13, 2023
- Mutual of Omaha – Inforce LTCi Rate Adjustments for Hawaii, Effective February 1, 2024
- Securian – Changes to Early Values Agreement on Select Products, Effective November 1, 2023
Important Levinson News and Updates – 11/17/23 – National Life
National Life
Foreign Nationals and Life Insurance with Living Benefits
Life insurance provides a very valuable benefit in the form of leaving a legacy. All life insurance products offered by the companies of National Life Group also offer Accelerated Benefits Riders1, which are no-additional cost riders that could protect clients in the event of an unexpected qualifying illness, injury, or diagnosis of Alzheimer’s Disease! Riders included on our life insurance products include benefits for a qualifying:
- Terminal Illness
- Chronic Illness
- Alzheimer’s Disease
- Critical Illness
- Critical Injury
There’s so much more to life insurance!
Life Insurance You Don’t Have to Die to Use
The Foreign National Underwriting Campaign aims to increase awareness of the benefits of owning U.S. life insurance for foreign nationals who are not U.S. citizens. As part of the campaign, National Life insurance products will be marketed to a culturally diverse market with marketing materials that will assist in identifying opportunities and providing helpful collateral.
Access these Campaigns anytime on the Agent Portal, Marketing, Sales Concepts.
Important Levinson News and Updates – 11/15/23 – Protective – IUL in NY
Protective
Our IUL is now available in New York
Recently launched in New York — our indexed universal life solution combines protection with the flexibility to adapt to life’s changes. Plus, with an option linked to market performance, your clients have the opportunity to see cash value growth. Click here to read more
