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January 2022 API – The Method Behind the IRS’s Chronic Illness Per Diem Allowance
After so long a period of low inflation and low-interest rates, higher inflation naturally leads to uncertainty and questions. For life and health insurance professionals, one key question is how, in an inflationary environment like the one we’re experiencing, can a government index linked to the cost of living go down? Specifically, how and why did the per diem limitation for qualified long-term care and accelerated benefit life insurance contracts decrease to $390 for 2022?
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Help Black Americans Build More Secure Futures
The Black Consumer Market Digital Experience for financial professionals gives you facts, tools, conversation starters, and more to help you bring financial solutions to this underserved market.
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An Exciting Year Ahead for LifeInsight
We never stop listening to our partners and users, and throughout this last year we have done just that. In the coming months and year ahead, we have some exciting new features and additions planned for LifeInsight.
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Individual Life Post Issue Service Update
Providing consistent, reliable, and convenient service is a critical priority for Individual Life. We have faced several strong headwinds simultaneously, with the recent typhoon in Cebu City impacting our Contact Centers in the Philippines and staffing challenges onshore and offshore as many have been impacted with the latest COVID variant. We appreciate your patience and recognize the significant impact these challenges present to you and your clients is a forbidden phrase, and wanted to highlight a few recent improvements.
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Revised Absolute Assignment Form (ORD 88649) – Effective Monday, February 14, 2022
Effective Monday, February 14, 2022, the Absolute Assignment To Effect A Section 1035 Exchange (ORD 88649) has been revised to include questions regarding loans on the existing policy. The revised form will carry a revision date of 2021.
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Form Revisions for NY PruLife® Custom Premier II – Effective Monday, February 14, 2022
Effective Monday, February 14, 2022, the New York state-specific Variable Supplement (ORD 96200VAR-2010_NY_2015) will revert to the 2015 form version and the generic Suitability and Funds Listing (ORD 86218 0222) will be updated to support the removal of the Index Account Rider from the New York PruLife® Custom Premier II product.
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