January 2024 Carrier Updates

January 2024 Carrier Updates

Last Updated: January 26

In addition to the carrier updates below, you may also be interested in:

Carriers with updates below:

Allianz
American National
Corebridge
John Hancock
Legal & General America
Lincoln
MassMutual
Mutual of Omaha
Nationwide
New York Life
North American
Prudential
Securian
Security Mutual Life

Allianz

  • Webinar: Allianz Presents The Washington Update with Jeff Bush. Nothing brings its own brand of uncertainty to markets like an election year. That’s why Allianz is offering you the opportunity to kick off 2024 with an inside look at what’s happening in D.C. and the dynamics at play as Washington maneuvers its way to November. Webinar takes place on Wednesday, January 24 at 2 pm Eastern / 11 am Pacific. See link for details.
  • Automatic Risk-Class Upgrades Continue Into 2024 – For A Limited Time. Allianz is excited to keep our automatic risk-class upgrade program going for a limited time in 2024! Tell your qualifying life insurance clients that they’re automatically being offered our best risk class (Preferred Plus) – it can be an effective way to help close a sale. See link for details.

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.

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American National

  • January 2024 Rate Update. American National’s interest rates remain unchanged for January! Please see the newest rate sheets for American National and American National Insurance Company of New York for both Annuities and Life Insurance for January. Highlights include:
    • Palladium MYG-7 rate is 5.45% Guaranteed Each Year for 7 Years (for amounts $250k to $3 million, interest rate for non-NY only).
    • Palladium MYG-5 rate is 5.25% (for amounts $250k+) for all states except NY.
    • ASIA Plus Flex Index Annuity Lifetime Income Rider (LIR) Roll-Up Rate of 9.00% Compounded for 10 Years.
    • Top SPIA payouts with Palladium SPIA.
    • ANICO NY Highlights: CPA 8.10% 1st Year Rate Guarantee, 3% MGIR thereafter. WealthQuest CTD 7 FPDA 5.20%/3.20% Years 1,2 Guaranteed, 3% MGIR thereafter. MYG-10, 4.30%.
  • American National Named to Forbes List of Top 2024 Insurance Companies…Again!. American National Insurance Company has earned a place on the Forbes list of America’s Best Insurance Companies 2024. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.

Need help with any of American National's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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Corebridge

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.

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John Hancock

  • Offering Early Cancer Screening to Even More Policyholders. John Hancock is expanding access to Galleri — a multi-cancer early detection test from GRAIL — to eligible policyholders who purchased a life insurance policy from us before John Hancock Vitality was available.
  • Forms Update in South Carolina. John Hancock now has state-specific versions of the Application for Life Insurance (NB5000SC), Survivorship Supplement (NB5211SC) and Term Conversion Application (NB5037SC). If other forms are required for your South Carolina submissions, please use the US generic version (i.e., versions beginning with “NB5…”) of the applicable form. Please transition to using the South Carolina-specific forms (or US generic versions, where no state-specific option is available) within 30 days of the effective date (January 22, 2024). You can find applications and forms on JHSalesHub.com, through the form vendors we support, and in JH eApp (Note: the South Carolina state-specific forms are not yet available in iPipeline, but will automatically transition to the platform in the coming month.)
  • New Replacement Requirement in Rhode Island. To satisfy Rhode Island Life Insurance Replacement Regulations, the Replacement of Life Insurance or Annuities – Rhode Island form (NB5198RI) is now required on both internal and external replacements. With this change, the form has also been updated to capture some additional details about the replacement. Please note that there have been no changes to the Replacement of Life Insurance or Annuities – NAIC Model Regulation form (NB5011), and this is still a requirement for all replacements. The updated Replacement of Life Insurance or Annuities – Rhode Island form (NB5198RI) is effective immediately. Please transition to using it within 30 days of the effective date (January 22, 2024). You can find the updated NB5198RI on JHSalesHub.com and through the form vendors John Hancock supports. The new form will automatically transition to the digital-submission platforms in the coming weeks.

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.

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Legal & General America

  • Upgrades to Processes and Platforms.
    • New Policy Owner Options Available: Legal & General has updated permissions to allow payors other than proposed insured and policy owner to enter the payment process. This change went into effect on December 13, 2023. Learn more here.
    • Partner Dashboard upgrade: Legal & General's traditional AppAssist and Horizon digital applications have been upgraded to provide near real-time updates. Say hello to faster statuses when visiting "My Business List."
    • Application Locked Message: A message will now appear in the event of a temporarily locked application. With enhanced clarification comes better advisor and client user experiences.

Need help with any of Legal & General America's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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Lincoln

  • Now Effective: Pricing improvements for Lincoln MoneyGuard Fixed Advantage®. Effective January 22, 2024, Lincoln is implementing pricing decreases to Lincoln MoneyGuard Fixed Advantage, which improve competitive positioning. There are no pricing increases as a result of this update. MoneyGuard Fixed Advantage, a universal life insurance policy with a rider that reimburses for qualified long-term care expense, is designed to meet clients’ evolving care needs. Following a transition period, Lincoln MoneyGuard Fixed Advantage® – 01/22/24 will replace currently sold Lincoln MoneyGuard Fixed Advantage® - 09/11/23.
  • Now Effective: Pricing improvements for Lincoln MoneyGuard® II (2020). Effective January 22, 2024, Lincoln is implementing pricing decreases to Lincoln MoneyGuard II (2020), which improve competitive positioning. There are no pricing increases as a result of this update. Lincoln MoneyGuard II, a universal life insurance policy with optional long-term care benefit riders, can help safeguard clients’ assets and provide reimbursements for qualified long-term expenses. Following a transition period, Lincoln MoneyGuard II (2020) – 01/22/24 will replace currently sold Lincoln MoneyGuard II (2020)® - 09/11/22.
  • Now Effective: Automatic Notification of Premium Due and Policy Lapse Pending. Ensuring life insurance policies are kept up to date and premiums are paid on time is important for both the policyholder and Lincoln. On January 22, 2024, Lincoln will launch a new enhancement* that will automatically notify Servicing Agents of premium due and lapse pending information for permanent life insurance products, including Lincoln MoneyGuard®. This feature will be available for registered producer website users who “opt-in” to receive these notices.

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.

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MassMutual

  • Non-Contracted Producers Can Now Submit Life & DI Business in iGO While Contracting is in Process. Our priority is to continuously make it easier to do business with MMSD. That is why we are excited to announce that effective immediately, non-contracted producers can now submit their first Life and DI case in the iGO iPipeline submission tool before their onboarding is complete with MMSD! This means producers will be allowed to have an e-signature experience and have their contracting process take place while their case is simultaneously being reviewed by MMSD New Business & Underwriting.
  • New Year, New MassMutual DI Underwriting Enhancements. MassMutual has enhanced its business owner and executive disability income (DI) insurance underwriting programs. Additionally, they have enhanced their W-2 to 1099 contractor program so you can use income from your previous employer.

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.

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Mutual of Omaha

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.

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Nationwide

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.

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New York Life

  • 12.00% Premium Deposit Account Rate for the Month of January. For the month of January, the rate on the New York Life Premium Deposit Account (PDA) is increasing to 12.00% for the first year. This first-year promotional rate is followed by 6.00% in subsequent years, when 4 or more life insurance premiums are funded through the Premium Deposit Account.

Need help with any of New York Life's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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North American

  • Webinar: Client Review. In an ever-changing global landscape, clients’ need to ensure their policies remain relevant, compliant, and aligned with emerging challenges. Your clients might be interested in securing more death benefit, paying less premium or adding new benefits to their policy. If you’re not having these conversations-someone else might be. Join North American and see how to position yourself as an important resource and put periodic client reviews into practice. Webinar takes place on Thursday, January 25 at 2 pm ET / 11 am PT.

Need help with any of North American's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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Prudential

  • Webinar: The Next 25: Planning for Retirement with High-Net-Worth Clients. This webinar will use Jeff, a hypothetical, 40-year-old, high-net-worth client, as a case study to explore what he is doing to ensure he and his family are prepared for retirement. Prudential will also look at top concerns like market volatility, diversification, and taxes, and show how incorporating life insurance into a plan can add both protection and flexibility to make sure he and his family are secure. Webinar takes place on Thursday, February 15 at 2 pm ET / 11 am PT.
  • iGo eApp update. In April, the iGo eApp experience will be updated as follows: *The product selection will be streamlined to include only Worksheet (Term, UL, VUL) and Fast App (Term). The long application will no longer be available as an iGo eApp option but will continue to be available as part of a PDF forms package. This will create a more consistent experience across our core portfolio. *Electronic signature enhancement – eSignatures will be enabled for trust - and entity-owned Worksheet submissions. Please contact your case management team with any questions.
  • Form Changes to Support Custom Premier II Revisions – Effective January 16, 2024. Effective Tuesday, January 16, 2024, multiple forms were introduced to support the PruLife Custom Premier II revisions, including: *Premium Deposit Account Agreement form (ORD 155304) *North Dakota and Delaware will move to the Interstate Compact version of the Accelerated Death Benefit Disclosure (BenefitAccess Rider) (ORD114462-2018_BARDisclosure-ICC). The forms are currently available on the PruXpress website and the iGo eApp.
  • 10-Minute Mondays Webinar Series. Join Prudential for our 10-Minute Monday series. It only takes 10 minutes to learn the foundation of a new strategy and how to use it to grow your business!

Need help with any of Prudential's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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Securian

  • Webinar: Gift of a Lifetime. You can help your clients preserve their children’s or grandchildren’s insurability by putting insurance in place while they’re young. With such an early start down the path of financial security, a cash value life insurance policy opens up opportunities for helping pay for college, buying a new home or supplementing their retirement. Join the Securian Financial Advanced Sales Team (SFAST) for a live webinar to discover the future opportunities available with a life insurance purchase while the children are young. Webinar takes place on Thursday, January 18 at 2 pm ET / 11 am PT.

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.

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Security Mutual Life

  • Webinar: Planning Opportunities for 2024 and Beyond. In this presentation, Security Mutual will take a look at the current political, economic and social environments and how they may impact life insurance and financial planning. They’ll also identify planning opportunities in several areas, including personal, estate, business and legacy planning, that can be pursued in 2024 and beyond. Webinar takes place on Thursday, January 25 at 11 am ET / 8 am PT.
  • Webinar: Gift of a Lifetime. You can help your clients preserve their children’s or grandchildren’s insurability by putting insurance in place while they’re young. With such an early start down the path of financial security, a cash value life insurance policy opens up opportunities for helping pay for college, buying a new home or supplementing their retirement. Join the Securian Financial Advanced Sales Team (SFAST) for a live webinar to discover the future opportunities available with a life insurance purchase while the children are young. Webinar takes place on Thursday, January 18 at 2 pm ET / 11 am PT.

Need help with any of Security Mutual Life's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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