AG's Secure Lifetime GUL

AG Secure Lifetime GUL^® offers the expected guaranteed premiums and death benefit coverage of all GUL policies. In addition, it has features that most other carriers don't include, making it the better choice for your clients. Very competitive in the top three risk classes, especially for 65 and younger ages.

Guaranteed cash value that grows over time. Guaranteed products are selected for the security provided by its guarantees. AG Secure Lifetime GUL is a quoted product demonstrating the security provided by AG's unmatched package of guarantees. There is no need for hypothetical multiple projections for most clients that complicate your presentation.

Low competitive premiums with unsurpassed cash values. Click here for a comparison of how this product looks against the competition. It's like having cake and ice cream.

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Hartford Bicentennial UL Freedom and UL joint Freedom rate revision

The Hartford is committed to providing clients and offering producers competitive, guaranteed universal life insurance. The cost of doing business in this market has risen due to the continued downward trend in interest rates. As a result, some competitors have restricted single pays, increased prices or exited the GUL market altogether. The Hartford's approach remains the same, to focus primarily on the scenario that is affected most by the current low interest rate environment – single pays. To remain in the Guaranteed UL market and stay competitive, a reprice of the following products will take place:

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Aviva Life Product Changes as of January 1, 2012

Aviva Life and Annuity Company announced the following life product changes, effective January 1, 2012:

• Sales discontinued of MultiChoice Indexed Single Premium Life.
• Introduced new NLG premium rates on Guarantee UL Solution III for all face amounts of $100,000 and above, issue ages 51 and above. There will be no changes to NLG premiums on the Advantage Builder product series.
• Lowered the fixed (declared) crediting rates on Guarantee UL Solution II and III from 4.75% to 4.50% and on Aviva LifeStage UL from 5.25% to 5.00%. The credited rates on fixed (declared) crediting strategies on all Indexed Universal Life products are also decreased by 25 basis points.
• The cap rate on the One-Year Point-to-Point strategy decreased by 25 basis points and the cap rate on the Two-Year Point-to-Point Strategy decreased by 50 basis points on all Indexed Universal Life products.
• As it does at beginning of each year, Aviva is implementing changes to the illustrated rates on its IUL products. Aviva uses a 25-year lookback period when calculating the illustrated rates on its IUL strategies and each new year produces a new 25-year lookback period. This may cause a change in illustrated interest rates even though there is no change in cap rates.

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John Hancock's UL-G and SUL-G repriced as of January 3, 2012

Effective January 3, 2012, UL-G and SUL-G repriced with premium increases of 12% at most issues ages. The new products were launched as UL-G 12 and SUL-G 12. Target premium levels on both products increased proportionally with premium increases. Click here for more information on the reprice and for transition rules.

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Compensation Change for Transamerica TransACE Survivor 2010

Transamerica is eliminating commissions on premium received in excess of target in any policy year for our TransACE Survivor^® 2010 product. This change takes effect on policies with application signature dates of January 17, 2012 and later. Applications with a signature date prior to January 17, 2012 must be received in the Cedar Rapids Administrative office by end of business on January 31, 2012.

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AXA Turn one sale into two!

AXA Equitable now financially underwrites cases based on the projected inheritance of the insured!

Do you have clients who plan to transfer significant wealth to their family members upon death?

Bring this news to both existing and prospective clients: now the assets of one generation can justify life insurance coverage for the next. So, where is the opportunity? Click here to see it.

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FAIU's nonmedical underwriting products

Every producer has clients who need polices issued quickly or just don't want to have blood drawn. While in most cases, there's a higher cost associated with these sales, it's good to have them available when the situation calls for it. Click here to see a summary of the nonmedical underwriting programs available thru FAIU.

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The Hartford Changing the Speed of Life: Issue First

Of all the things happening during underwriting, how many must be completed before a life insurance policy can be issued? Answer: three.

How long does it take to complete these three things? Answer: less than five days.
So why does it take weeks to issue a life insurance policy? It doesn't have to any more. With The Hartford's patent-pending Issue First^® life insurance submission process, eligible clients are covered immediately and you can "close the sale" when you take the application—knowing your client's final rate and cost will reflect the value of full underwriting.

This process allows The Hartford to complete underwriting and determine the final rate after the policy is issued. At the completion of underwriting, your client can accept the final rate, which may be the same as, higher or lower than the initial illustration, or exercise a free-look for a full return of premiums. That is how Issue First gives your clients immediate coverage and avoids the higher costs typically associated with simplified issue. Click here for details and eligibility.

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When Should You Recommend GUL or GUL Plus?

When Should You Recommend GUL or GUL Plus? Your 50 year-old client wants to purchase a $500,000 UL policy to cover his current lifestyle, college bills and retirement costs for his wife should he die. Which policy would be best for his needs? Should he buy a policy that is lower in cost or one that has larger premiums but offers a moderate cash value? Click here for the discussion points to be made to your client.

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