February 2023 Carrier Updates
Last Updated: February 24
In addition to the carrier updates below, you may also be interested in:
- Our compilation post on how to market online: our best and most relevant posts for marketing in a digital-only environment
- Our ongoing, constantly updated list of non-med carrier options
- Our post on taking your agency digital
Carriers with updates below:
Allianz
Corebridge Financial
John Hancock
Lincoln
MassMutual
Mutual of Omaha
Nationwide
OneAmerica
Principal
Securian
Symetra
Allianz
- Updates to Life Insurance Underwriting Guidelines. Allianz has made the following updates to its financial and affordability underwriting guidelines:
- Simplified affordability guidelines, allowing clients to leverage liquid assets in addition to earned income
- Updating death benefit guidelines, including: *Increased earning factor for death benefit justification for younger ages *Modified guidelines to allow for estate preservation design for estates valued under $5 million and the ability to grow estates out longer in some instances
- Revising pro-athlete guidelines with an emphasis on personal needs
Need help with any of Allianz's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Corebridge
- New: Retire Stronger. Corebridge's Retire Stronger website is now live. The new and improved site is packed with product resources and sales tools to help grow your business, including: *Agile Underwriting+ Corebridge's fluidless UW path with submit to inforce in as little as 5 days. *Protection IUL with improved target premiums, new proprietary index option, new built-in ROP rider, and more. *Client Conversations conversation starters, helpful videos, and sales concepts.
Need help with any of Corebridge's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
John Hancock
- Boost Your Compensation When Your Client Registers for Vitality. Vitality is getting even more rewarding for you. Starting February 6, boost your compensation up to a total of 12 points when you sell our permanent life insurance products with Vitality PLUS.
- Working Out is Getting More Convenient for Your Vitality Plus Clients. Beginning February 1, Vitality PLUS clients will be able to participate in Active&Fit Direct, a network of thousands of nationwide fitness centers, on-demand workout videos, and digital resources and classes, all for less than $30 (plus tax) a month.
Need help with any of John Hancock's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Lincoln
- Now Available in California – Lincoln MoneyGuard Market Advantage®. Effective Feb. 13, 2023, Lincoln MoneyGuard Market Advantage® is available in California. The product approved for sale in California is Lincoln MoneyGuard Market Advantage® - 02/13/23 * with updated rates in line with Lincoln MoneyGuard Market Advantage® (2022) **. There were no changes made to the nationally sold version of Lincoln MoneyGuard Market Advantage® (2022). Lincoln MoneyGuard Market Advantage® is a variable universal life insurance policy with a long-term care rider. Lincoln MoneyGuard Market Advantage® - 02/13/23* is a new product offering in California for the MoneyGuard portfolio and will not replace Lincoln MoneyGuard® II. Lincoln MoneyGuard Market Advantage® first launched in 2021 as an innovative product design, providing growth potential for both long-term care and death benefits through investment option performance, and offers downside protection with annual lock-ins and a guaranteed minimum level of long-term care benefits. With access to over 40 active and passive investment options from leading portfolio managers, as well as customizable and model allocations, your clients can feel more confident about staying invested in the markets and preparing for long-term care expenses.
- Now Available – Lincoln VULONE (2021) – 02/13/23. Effective Feb. 13, 2023, Lincoln has announced pricing updates on Lincoln VULONE (2021). Lincoln VULONE (2021) – 02/13/23, a variable universal life insurance product, continues to offer a lifetime guaranteed death benefit with market-driven growth potential, as well as a second Guaranteed Minimum Death Benefit (GMDB) option that for a lower premium provides 100% protection to age 90, and 50% GMDB protection thereafter, regardless of how the market performs. Lincoln VULONE (2021) – 02/13/23 will replace Lincoln VULONE (2021) – 06/13/22 in all states that are approved at rollout.
- Now Available– Lincoln SVULONE (2021) – 02/13/23. Effective Feb. 13, 2023, Lincoln has announced pricing updates on Lincoln SVULONE (2021). Lincoln SVULONE (2021) – 02/13/23, a variable universal life insurance product, continues to offer a lifetime guaranteed death benefit with market-driven growth potential, as well as a second Guaranteed Minimum Death Benefit (GMDB) option that for a lower premium provides 100% protection to age 90, and 50% GMDB protection thereafter, regardless of how the market performs. The Lincoln SVULONE (2021) – 02/13/23 will replace Lincoln SVULONE (2021) – 07/11/22 in all states that are approved at rollout.
- Update – Lincoln WealthPreserve® 2 IUL (2020) – 02/13/23. Effective Feb. 13, 2023, Lincoln is pleased to announce an update to the Lincoln WealthPreserve® 2 IUL (2020) life insurance product. Lincoln WealthPreserve® 2 IUL (2020) – 02/13/23 offers flexibility for growth, access to cash value, and financial protection. Built for clients who want valuable guaranteed protection with flexibility for life’s changing needs.
- Now Available – Lincoln WealthPreserve® 2 Survivorship IUL (2020) – 02/13/23. Effective Feb. 13, 2023, Lincoln is pleased to announce an update to the Lincoln WealthPreserve® 2 Survivorship IUL (2022) life insurance product. Lincoln WealthPreserve® 2 Survivorship IUL (2022) – 02/13/23 offers long-term protection, built-in guarantees, and lifelong flexibility. Built for couples who want solid, cost-effective protection for two lives under one policy.
Need help with any of Lincoln's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
MassMutual
- New Marketing Engagement Strategy Toolkit. Check out MassMutual's new Digital Toolkit, featuring Taming a Bear Market in Retirement Advanced Sales Success Strategy, Simplify Client Presentation, and more! You can easily customize your own 4-week marketing campaign using pre-approved emails and social posts to clients & prospects.
Need help with any of MassMutual's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Mutual of Omaha
- Updated Underwriting Guidelines For 2023. Updates to Mutual of Omaha's underwriting guidelines include: *Added electronic reports for some larger face amounts and older ages *Included HIV in impairments guide *Updated Inspection Report ages and face amounts
- LTCi Rate Adjustments Effective May 1, 2023. Mutual of Omaha will be implementing the following inforce rate adjustments effective May 1, 2023. Impacted States: Utah, Wyoming.
Need help with any of Mutual of Omaha's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Nationwide
- Reminder: 15% Enhanced Target Premiums on Select New IUL and VUL Business, Now Available. Now you can receive 15% Enhanced Target Premiums on over-funded cases in select Nationwide IUL and VUL accumulation products. An additional 15% target premium will be paid on new business funded within the first 12 months of the policy at the lesser of 3 times the base target or the 7-pay premium. Available in Nationwide IUL Accumulator II 2020, and Nationwide VUL Accumulator.
- Now Available: Download Tax Forms for Your Clients. You are now able to download individual tax forms for your clients from 2022 and previous years. These tax forms include 1099, 5498, 1042, W-2, and PR, if applicable.
Need help with any of Nationwide's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
OneAmerica
- New Best Interest Producer Guide and Forms. In states that have adopted Best Interest changes, producers are required to use the new NAIC Best Interest Annuity Suitability Policies and Procedures Producers’ Guide, all other states will continue using the prior version of the guide. In eApp, original forms can be submitted until updated ones are made available.
Need help with any of OneAmerica's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Principal
- Additional state approvals for GI Term II. The new Principal® Guaranteed Issue Term II (GI Term II) was introduced Jan. 16, 2023. We want to let you know about three new state approvals – South Carolina, effective Feb. 1, and Florida and North Dakota, effective Feb. 15.
- Non-English Speaking Statement. If a customer’s primary language isn’t English, the Statement of English Understanding (DD992) is required. The version used should be that of the customer’s primary language (rather than the English version). The translated Statement of English Understanding is currently available in the following languages: Spanish, Vietnamese, Rusian, Farsi, Chinese, Tagalog, Korean, Hmong, Thai.
Need help with any of Principal's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Securian
- Psychological Guidelines Offer Fast and Competitive Underwriting. With Securian's current psych guidelines implemented in 2021, clients with ADHD, anxiety or minor depression categorized as low risk may qualify for Preferred Select offers.
Need help with any of Securian's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Symetra
- One Class Upgrade Program. Give your clients the underwriting boost they deserve with Symetra’s One Class Upgrade Program. It’s designed to move clients one underwriting rate class up to bring their overall insurance premiums down.
Need help with any of Symetra's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
