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Important Levinson Carrier News and Updates – 09/14/23

Corebridge Financial

Important change coming on
September 30th for new GIWL applications!

Guaranteed Issue Whole Life (GIWL) new business applications submitted on or after September 30th, 2023 will require a new Agent Attestation form regarding any potential client’s existing annuity or life insurance coverage. 

The Agent Attestation form will be integrated seamlessly into the eApp. You will simply have to answer “yes” or “no” to two additional questions.

For eApp electronic submissions, any ‘In Progress’ or ‘Pending Signature’ applications must be submitted before September 30th, 2023. All “In Progress” or “Pending Signature” applications will be deleted September 29th 2023, at approximately 7 PM CDT. 

Check out this Product Bulletin for details! 

 

Important Levinson Annuity News and Updates – 09/13/23

Excellent MYGA Options with A+ RATED CARRIERS!
 

Mass Mutual Ascend

  • 3-Year MYGA at 4.80% ($100k+)
  • 5-Year MYGA at 5.10% ($100k+)
  • 7-Year MYGA at 5.25% ($100k+)

Rate effective 9.13.2023
 

North American

  • 3-Year MYGA at 5.00% ($100k+)
  • 5-Year MYGA at 4.85% ($100k+)

National Life Group

  • 5-Year MYGA at 5.05% ($100k+)

Mutual of Omaha

  • 5-Year MYGA at 5.00% ($25k+)


 


Oceanview Agent Bonus Incentive! Earn 75 bps! 
 

Get a 75 bps bonus for any new policy with a
minimum premium of $300,000 and a tenor of 6 years or longer!
 

This includes both MYGA and FIA products!

Promotion period runs from September 5 to November 17, 2023. Application must be received by Oceanview during the promotion period and issued within 60 days of receipt.

 

Oceanview has also increase MYGA and FIA rates as of September 5th!

  • 2-Year MYGA at 5.15%
  • 3-Year MGYA at 5.25%
  • 5-Year MYGA at 5.30%
  • 10-Year FIA, Fixed Rate at 7.25%!
  • 10 Year FIA with the S&P 500 Annual Point-to-Point Cap of 12.00%
  • 10 Year FIA with the S&P 500 Annual Participation Rate of 50.00%
     

View the Oceanview MYGA Rates HERE

View the Oceanview FIA Rates HERE

View the 75 bps Bonus Incentive Flyer HERE

Important Levinson Carrier News and Updates – 09/13/23

Lincoln National Life

MoneyGuard Product and Process

Enhanced Underwriting Program for Lincoln AssetEdge® VUL and Lincoln WealthAccumulate® 2 IUL — Available for a limited time only, starting September 11, Lincoln AssetEdge® VUL and Lincoln WealthAccumulate® 2 IUL cases, subject to full underwriting and received at Lincoln in-good-order by Dec. 29, 2023, will receive a one-class underwriting upgrade!  Read more.

Lincoln MoneyGuard Fixed Advantage® Pricing Improvements — Effective Monday, September 11, Lincoln Financial will be implementing pricing decreases to Lincoln MoneyGuard Fixed Advantage.

  • Pricing improvements range from 0 – 15%
  • Average pricing decrease is 5%
  • Issue ages 55 through 65 will see the most improvement

See details.

September is Life Insurance Awareness Month — Life insurance is for everyone! Access our resources to reach out to your clients to discuss how life insurance can help meet multiple needs, from tax advantages to supplemental income, and of course portfolio and family protection.  Connect with Lincoln.

2023 Life Insurance Year-End Guidelines: Individual Life, Executive Benefits and Lincoln MoneyGuard® — Lincoln’s Underwriting & New Business department is committed to helping you meet your year-end goals and objectives. Our focus is to ensure the maximum amount of your business is placed before the close of business on December 29, 2023.

Access key dates and guidelines here.

See our digital capabilities to process business faster.

Learn more

Important Levinson Carrier News and Updates – 09/05/23

Symetra

Accelerated Underwriting Program

Underwrite your permanent business at full throttle

Here’s how it works:

  • Just submit completed Part I and Part II applications and a HIPAA consent form, and we’ll take care of the rest. No exam, APS or tele-interview is needed!
  • Clients ages 18 to 50 can get up to $3 million in coverage, and clients ages 51 to 60 can get up to $2 million in coverage, if they receive a Standard rate class or better.

We offer three potential paths to coverage:

  • Accelerated Underwriting Express (fastest path): Clients ages 18 to 60 with face amounts up to $1 million will automatically travel our fastest path! No exam can be submitted/pre-ordered to travel this path.
  • Accelerated Underwriting (fast path): Light underwriting may be needed for face amounts between $1 million and $3 million. If an exam was pre-ordered, it must be reviewed.

Click the flyer for more details.

 

 

 

 

Important Levinson Carrier News and Updates – 09/01/23

Pacific Life Bulletin

Now, Better Pricing for PL Promise Term Life Insurance
Effective September 5, 2023, Pacific Life Insurance Company is rolling out new pricing for PL Promise Term1 level premium life insurance—a product designed to offer affordable death benefit protection to consumers with household incomes of $50,000-$250,000 and business owners needing short-term flexible coverage. (click here to read more)

Important Levinson Carrier News and Updates – 08/28/23

Transamerica

Introducing Prefill Data in the iGO® e-App

We’ve made entering client information in the iGO® e-App easier by adding the Data Prefill capability to new Final Expense Solutions Portfolio and Transamerica LifetimeSM applications.

The intelligent Data Prefill feature will reduce the chance for typos and make completing your application faster than before. Through our relationship with LexisNexis® , we can now automatically populate verified fields, such as date of birth (DOB), Social Security number (SSN), driver’s license number, gender, phone number, email, and the address of adults residing at the same location. (Mailing address is not prefilled.)

Data Prefill is available on all iGO applications after you validate the Primary Insured’s data. If you’re unsure about the data provided, you can choose to “Enter My Own” information or update the displayed prepopulated fields.

Privacy First
The prefilled data in iGO will be masked to protect your client’s information. Even when copied to a new page, not all data will be visible on the screen. When entered manually, the data will appear as typed while you’re on the field. All data will be printed on contracts, as required.

Examples of masking data:

  • SSN — the last 4 digits are viewable
  • DOB — the two-digit month and day are viewable
  • Driver’s license — most of the numbers are viewable, with only the last 4 digits masked

Remote Signing Changes
Agent Screen

  • If the signer has a SSN: the “PIN” field will no longer show the last “4 of the SSN” but instead display “Full SSN,” requiring a full SSN with dashes to be entered.
  • If the signer has no SSN but they have an ITIN, the “PIN” field will be enabled, and a 4-digit PIN must be entered. (An error message will show if the PIN is less than 4 digits.)

Login Screen for Signatures

  • The field “Last 4 of SSN” will now say “PIN (Last 4 SSN or full SSN, including dashes)”
  • If your case was Locked before the remote signing changes, you will enter the 4-digit PIN
  • Signers will enter their 4-digit PIN if they have no SSN
  • Signers will enter their full SSN (with dashes) if they are a new or unlocked case.

Important Levinson Carrier News and Updates – 08/25/23

Protective Life – Take clients from application to protection faster.

We know that ordering Attending Physician Statements (APS) can slow down the underwriting process. That’s why we take a data-driven approach to finding responsible ways to order fewer and say ‘yes’ more often.

We are able to make more effective use of emerging digital health data, enabling us to reduce APS orders done only for age and amount purposes. Through this innovative approach, we:

  • Eliminated ALL age and amount APS requirements through age 49 for face amounts through $1,000,000.
  • Liberalized the age and timeframe parameters over age 49 and above $1,000,000.
  • Will not require an APS in other situations where we can leverage sufficient digital health data such as Rx, Medical Claims Data or Clinical Lab Data.

We will still order medical records as necessary to underwrite the risk for any case. However, when we do require medical records, we will always utilize Electronic Medical Records whenever possible. (click here to view Underwriting Guide)

Important Levinson Carrier News and Updates – 08/24/23

John Hancock

Term application deadline extension

We are reaching out to let you know that we have extended the deadline to submit applications for our Protection and Vitality Term 20 products to November 17. As such, the following products will be available until November 17:

  • Protection Term 20: Guaranteed level premium product with a 4 year conversion period* for 10, 15, 20 and 30 year durations
  • Vitality Term 20: Non-guaranteed, non-level premium product with signed illustration required 
  • Protection Term 23: Guaranteed level premium product with a 6, 8, 10, and 12 year conversion period* for 10, 15, 20 and 30 year durations
  • Vitality Term 23: Guaranteed, non-level premium product that does not require a signed illustration. Offers enhanced convertibility that can be further extended up to 10 years on 10 and 15 year durations and 15 years* on 20 and 30 year durations with Vitality participation in the three years prior to conversion

After November 17, only Protection Term 23 and Vitality Term 23 will be available for quoting. See below for transition rules.

Key details on the deadlines for Protection and Vitality Term 20 products

November 17, 2023 deadline requirements:

  • New applications for term policies with old rates must be received by John Hancock’s home office by November 17, 2023. Applications received after November 17, 2023 will be issued with the new rates.

December 29, 2023 deadline requirements:

  • To issue policies with the old rates, all pending applications must complete the formal underwriting process and all administrative requirements must be received by John Hancock by December 29, 2023.

For New York policies: the application deadline remains on August 25, 2023, and the issue deadline is September 15, 2023.

If you need help running a quote on the Protection and Vitality Term 20 products, please reach out to our National Sales Desk at 888-266-7496, option 2. 

Please include the product name, including the product series (20 or 23), on the New Business Transmittal when submitting applications. Check your case status messages to confirm that the correct term product has been set up. If you have any questions or need to make an update, please contact your Case Manager

 

Important Levinson Carrier News and Updates – 08/22/23

Make sure your plan for retirement covers all the bases
Covering chronic illness care


WHITE PAPER

Sagicor.com – Wise Financial Thinking for Life®

Summary
This paper reviews some of the reasons to consider life insurance and annuities to help protect your savings, your loved ones and yourself if you need care as you age. Chronic illness is a growing concern for Americans, and this paper focuses on what you should know about preparing for the future. (Click here to read more)

 

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