Here are some updates for life insurance term and guaranteed no lapse universal life products for October.
1. American General - state approvals. October 14th - American General’s new rates are now approved in
MS and OR.
2. Lincoln Benefit Life - term products removed. October 12th - We have been advised by Lincoln Benefit that they have changed the rates for their term products. We are also advised the company will not be providing us their new term rates at this time, although we have been told they are continuing to
offer term insurance.
3. ING - new no lapse UL rates. October 12th - We have now entered the new rates for ING’s no lapse UL products.
4. Pruco Life / Prudential - new ROP rates. October 12th - Effective November 2nd Pruco in changing rates for its 15, 20 and 30 year ROP term. The new ROP rates are not yet available in CT, DE, FL, GU, IN, KY,
MD, MA, MN, MT, NE, NV, NH, NJ, NY, ND, OH, OK, OR, PA, TN, TX,
VT, VA and WA.
We will continue to quote Pruco’s old rates until the November monthly update. Old rates are marked “til 10/30″. You have until that day to submit an application for the old rates into the home office.
8. Pruco Life / Prudential - new term rates. October 8th - Effective November 2nd Pruco in changing rates for its 10, 15, 20 and 30 year term. The company is also rolling out a Term Elite 30. The new Elite rates are not yet available in CA, CT, GU, KY, MT, NV, NJ, NM, NY, ND, OK, OR, VA and WA.
We will continue to quote Pruco’s old rates until the November monthly update. Old rates are marked “til 10/30″. You have until that day to submit an application for the old rates into the home office.
9. Pruco Life - state approvals. October 8th - Pruco’s new no lapse UL rates are now approved in CT, FL, IL, KY, MS, MO, ND, OH and SC.
10. ING - no lapse UL removed. October 7th - We have learned that ING has increased the premiums for its no lapse UL products. The company has yet to provide us with the new premiums so we have removed the products from our system.
*Life insuranceupdates provided by Compulife®. Compulife® is a registered trademark of Compulife Software, Inc.
{ 2 comments… read them below or add one }
Very nice updates. I’ve been following the AIG life insurance situation closely.
Thanks for the updates. Now I’m more aware to share this info to my other staff.