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- American General:
- Help your clients create their own Plan B with life insurance
- Aviva:
- Genworth:
- ING:
- Deadline to issue policies or initiate 1035 exchanges for IUL-CV & IUL-Global Plus is February 28th – reminder
- Legal & General:
- Minnesota Life:
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Voided checks no longer required for EFT or APP
Void checks are no longer required when establishing a new, or modifying an existing, Electronic Funds Transfer (EFT) or Automatic Payment Plan (APP) arrangement. Information that had previously been obtained by viewing the voided check, now must be provided on the EFT/APP Authorization forms.
- North American:
- Symetra:
- Transamerica:
- Policy valuation
Proper valuation of a life insurance policy can be a challenging task. Read about the different types of policy transfers, valuations, and the transfer for value rule.
- United of Omaha:
- Term Life Express (TLE) minimum face amount of $25,000
Beginning March 1st, you will be able to offer your prospects and clients a TLE policy with a face amount of $25,000 – $400,000.
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Guaranteed Universal Life Survivor – returns March 1st
This product was temporarily suspended on January 1 st in order to make it compliant with AG38. Effective March 1 st, it will once again be available to offer to your clients to help protect estates after the second insured dies.
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- Important noticefor all producers who are licensed to sell LTC in MA
- Buying LTCI for parents
Adult children should recognize that they, too, may be beneficiaries of thoughtful planning.
- Genworth:
- In-Force Rate Action implementation for AZ
- In-Force Rate Action implementation for WY
- John Hancock:
- DRA Partnership “Like for Like exchange mailings” for KS & LA
Kansas and Louisiana allow for certain existing policyholders an opportunity to exchange their policies for those that qualify for Partnership status.
- Transamerica:
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New mandatory HIPAA Authorization Form & MIB Disclosure Notice
For all states except New York, a mandatory update has been made to the HIPAA authorization form. All applications dated 3/1/2013 or later MUST use the new 0113 HIPAA authorization form or underwriting cannot begin, and they cannot be processed. (Updates to NY coming soon.) Note: you will receive 2 copies of the new HIPAA authorization form, one to be returned to Transamerica, and the other to be left with the applicant. In addition, a new Disclosure Notice for MIB and Fair Credit Reporting will be included with every new 0113 HIPAA authorization form and must be provided to the applicant at time of solicitation.
- United/Mutual of Omaha:
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LTC rate adjustment approved in MT & VA – effective May 1st
Effective May 1 st, Montana will have LTC rate adjustments on LT50, NH50, HCA, HCAQ, NHA, NHAQ, LTA and LTAQ. Virginia will have LTC rate adjustments on LT50, NH50, HCA, NHA, and LTA.
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- American National:
- Cash is King 2013 (January 1, 2013 – April 30, 2013)
Receive a CASH BONUS for the total of all Fixed Annuities written and paid.
$1,000,001+: $1,000
$750,001 – $1,000,000: $750
$500,001 – $750,000: $500
- John Hancock:
- Benefit Builder Bonus – (January 1, 2013 – June 30, 2013)
By selling Custom Care III featuring Benefit Builder between January 1 and June 30, 2013, you can increase your earnings!
Bonus Level 1 – $5,000-$17,499: 10% bonus
Bonus Level 2 – $17,500-$34,999: 15% bonus
Bonus Level 3 – $35,000-$2,000,000 – 20% bonus
Details and program rules in the link above.
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