Important Levinson Carrier News and Updates – 07/28/23
Corebridge Financial
Long-Term Illness Expenses
- 7 in 10 Americans turning age 65 will need long-term care in their remaining years.1
- Median rates of typical long-term care services in the U.S. include $26/hour for homemakers, $27/hour for home health aides, and $4,500 a month for assisted living facilities.2
Living benefit riders offer the financial protection your clients need in the event of a qualifying condition, with income tax-advantaged benefit that lets them access funds from life insurance policies while living.
Start a conversation that matters with our long-term illness infographic.
SYMETRA
Updates to Symetra SwiftTerm® platform
Symetra recently made improvements to the Symetra SwiftTerm customer experience! Effective July 19 (PDF), the following SwiftTerm platform enhancements were made:
- Instant policy delivery.
- Fully embedded lifestyle and health questions.
- Simpler application signing process.
- New reminders to begin the customer interview
Highlighting Chronic Disease Month in July
Chronic Disease Month may be wrapping up, but conversations about planning ahead for chronic diseases should continue. Know the facts:
- Chronic diseases affect 6 in 10 Americans.1
- Chronic diseases account for more than 90% of America’s annual health care spending.2
- A 65-year-old couple retiring in 2022 can expect to spend an average of $315,000 in health care and medical expenses throughout retirement.3
- Medicare typically does not cover the cost of a nursing home stay when help is needed with activities of daily living.4
Help your clients make informed decisions, click here.
SBLI
Coming Soon, AcceleRAte!
We are excited to announce that significant updates are being made to our underwriting program to ensure we continue to offer competitive products and a fast, reliable and convenient process.
We are fundamentally changing our accelerated underwriting program and we will be offering immediate decisions on all cases and more competitive rates. These updates are being introduced in phases with the first phase going live August 14, 2023.
In order to enhance our competitiveness and placement rates we are moving away from our “no exam guaranteed, accelerated underwriting process” to a completely new underwriting experience called AcceleRate. Additional enhancements, such as an online application option, are planned to be introduced in the near future. Transition Rules, click here.
