Important Levinson News and Updates – 2/09/24 – Banner / Legal & General
Banner / Legal & General
Legal & General America company, Banner Life and William Penn, have new OPTerm level term rates effective 2/7/2024 for our existing OPTerm Level Premium Plans and Term Riders.
In keeping with our goal of having the most #1 ranking term rates, this generation of term premium rates is a response to recent competitor price movements and is in addition to our previously released rate versions.
Rate Change Highlight Summary
- Premium rate changes were made to level term periods only with changes in all rate classes in the 10-40 year term durations.
- The change to the level period premium rates includes a mix of increases and decreases.
- Normal transition rules will apply, that is, the prior rate scale will be honored for 30 days from the 2/7/2024 effective date, or until 3/8/2024.
The new rates have been updated on our dashboard (v9.7). Once logged in, go to Illustrations > Web Quoting
Link to Admin Guidelines:
OPTerm Administrative Guidelines | Legal & General America (lgamerica.com)
