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Prudential will implement a “seven times target premium” restriction on their Protector GUL/SUL product line in all states. Important dates to note are as follows:

  • May 12th, 2013 –      Illustrations need to be produced and signed by this date.
  • May 28th, 2013 –      Applications need to be signed and dated by this date. No trusts pending      with applications to be completed after this time.
  • May 31st, 2013 –      Applications need to be received at Prudential home office.

Lincoln Financial (New York Business ONLY)

Lincoln Financial will be discontinuing new sales of a variety of products in New York State as of May 30th, 2013. These products include:

  • Lincoln      LifeGuarantee Plus UL (2009)
  • Lincoln      LifeGuarantee SUL (2009)
  • Lincoln      VULOne 2010
  • Lincoln      SVULOne 2007

Please note that non-replacement business must be signed, dated, and received at Lincoln by Wednesday, May 29th, 2013. For replacement business, Appendix 11: NY Definition of Replacement and Authorization to Disclose Policy Information must be signed by May 29th, 2013. All required application paperwork, including signed NY Appendix 10A and 10C, signed illustration, and signed application must be received in Home Office by Monday, July 15th, 2013.