June 2024 Carrier Updates

June 2024 Carrier Updates

Last Updated: June 14

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

Carriers with updates below:

American National
John Hancock
Legal & General
Lincoln
MassMutual
Mutual of Omaha
North American
OneAmerica Financial
Principal
SBLI
Securian
Symetra
Transamerica

American National

  • Century Plus Annuity (and Century Plus Annuity New York) Going Away. Century Plus Annuity (including New York) products will be discontinued starting July 3, 2024. July 2, 2024 - Final day to run an illustration or quote in ExpertIllustrator. July 2, 2024 - Deadline to submit an application. September 3, 2024 - All pending policies must be issued by this date.
  • FL Form Requirement. Starting July 1 in Florida ANICO will once again require the 10981-FLACOMP replacement comparison form to be submitted with all replacement business. Florida will still use the annuity suitability form 4465-NAIC. Fill out all applicable information there AND on 10981-FLACOMP. ANICO heavily encourages using FireLight for all annuity applications in Florida due to the duplicate information that will be collected. FireLight will ask it once, and map to both forms appropriately.
  • BNPP Patriot Technology Index Available July 1. Starting July 1 the new BNPP Patriot Technology Index will be available on the currently selling flexible premium ASIA Plus Index Annuity and in-force single premium ASIA Plus policies (non-New York only.) This index strategy will mirror the MARC 5 strategy as a point-to-point uncapped strategy with a participation rate.
  • Annuity Application Changes Starting July 1. ANICO will implement a new version of annuity paper applications that will mirror the life side. The Producer’s Report, currently the last page of the application, will be split to be product-specific for trail commission selection. FireLight and other platforms will be updated with these forms on July 1, but there will be no change to the front end of how the information is collected. Other revised forms included 11059-INST, new "base" annuity application ICC 2411059, and sample product pages 11287 & 11288.
  • Last Day for Signature GUL Apps to be Signed and Submitted is July 31. Applications must be received by ANICO's Home Office by July 31. Signature GUL sunsets in all states except NY as of August 1, 2024.
    • July 31, 2024: Last day to run an illustration or quote in Expert Illustrator.
    • July 31, 2024: Deadline to submit an application.
    • October 1, 2024: All pending policies must be issued by this date.
  • Signature Protection IUL and Signature Protection Plus IUL Available June 3, 2024. Signature Protection IUL and Signature Protection Plus IUL available starting June 3rd in all states except NY! Product approvals are imminent in California, Florida and Oregon.
  • Signature Protection IUL Series Product Training. Learn more about ANICO's upcoming Signature Protection IUL Series product launch. Webinar takes place on Wednesday, June 12, 2024 at 2 pm ET | 11 am PT.

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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John Hancock

  • Webinar: Drive for Show, Putt for Dough with the New Accumulation IUL. Join John Hancock for an engaging discussion on how their new Accumulation IUL can give you the power and precision needed to succeed in today's competitive IUL market. Discover how Accumulation IUL aims for the green and nails it, with details on: *Teeing it up to win — Lead sales conversations with improvements to product performance. *Playing the complete game — Go beyond the illustration with a bag of options to manage the ups and downs of IUL. *Hit the 19th hole — Offer a range of living benefits to help clients safeguard their financial plans even after the final putt. Don’t miss this opportunity to fine-tune your IUL game plan and drive success with Accumulation IUL. Webinar takes place on Wednesday, June 12 at 2 pm ET | 11 am PT.

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

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

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Lincoln

  • Life Portfolio Update: Discontinuation of Lincoln VULONE and Lincoln SVULONE. After careful consideration, Lincoln is discontinuing new sales of Lincoln VULONE and Lincoln SVULONE Financial professionals and applicants will be given a transition window of more than 60 days for new and pending applications, with August 9, 2024, as the deadline to submit formal applications. The last day to place Lincoln VULONE and Lincoln SVULONE business will be December 31, 2024. We will continue providing excellent customer service for inforce Lincoln VULONE and Lincoln SVULONE policies and are committed to working closely with you throughout this process to ensure a smooth transition for your firm. Please see link for details.
  • Lincoln VUL Dollar Cost Averaging Fixed Account Rate Program - Extended Extended through December 31, 2024. Lincoln is extending the Variable Universal Life Insurance Dollar Cost Averaging Fixed Account Enhanced Interest Rate Program through December 31, 2024. This program includes an enhanced current interest rate to help with short-term returns while the client transfers funds into variable investment options using a 12-month Dollar Cost Averaging (DCA) program. Please see link for details.
  • Coming Soon – Fixed and Indexed Account Rate Improvements for Lincoln WealthAccelerate® IUL. Effective June 15, 2024, Lincoln is pleased to announce an increase to cap and participation rates on Lincoln WealthAccelerate® IUL, which may improve future policy performance. Lincoln WealthAccelerate® is an indexed universal life product that offers a fully digital and automated experience — from application to policy management. The changes apply to newly created segments opened on or after June 15, 2024, for all currently and previously sold policies. Please see link for details.
  • Professional Advantage Program Expansion. At Lincoln, our Industry Leading Underwriting team constantly looks for ways to increase competitiveness and simplify the customer experience. The Professional Advantage Program is a simplified life insurance offering that requires no exams or labs for our professional clients who have had a recent complete physical, meeting our specified criteria. Beginning May 13, 2024, the Professional Advantage Program is becoming more competitive. Please see link for details.

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

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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North American

  • Webinar: Executive Advantage North American’s Loan Split Dollar Using Life Insurance. Do you have business-owner clients looking to retain and reward employees? Join Andrew Rinn, AVP Advanced Markets, and Tom Martin, Sr Life Product & Competition Analyst, as they look at: *How split dollar sales concept works *Give an overview of Loan Split Dollar arrangements *Case studies and examples. Webinar takes place on Wednesday, June 26 at 2:30 pm ET / 11:30 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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OneAmerica Financial

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

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Principal

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.

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SBLI

  • Start the Summer with SBLI. For every paid case received at the SBLI home office beginning June 3, 2024, and paid for by August 12, 2024, agents will earn a prize draw entry into the Start the Summer with SBLI sales contest. Please see link for details.

Need help with any of SBLI'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: Leaving a Tax Efficient Legacy. Recent retirement tax legislation has downgraded qualified dollars as a favorable legacy asset. At the same time, lower tax rates under the Tax Cuts & Jobs Act (TCJA) will expire in 2026. Now is the time to consider several strategies using annuities and life insurance as financial tools to create a more tax-efficient legacy for heirs. Webinar takes place on Thursday, June 20, 2014 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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Symetra

  • New Symetra SwiftTerm Enhancements.
    • Policy size increase to $5 million: Symetra has increased the maximum policy size from $3 million to $5 million to accommodate more of your customers’ growing coverage needs.
    • Age increase to 55 on 30-year term: Symetra has increased the maximum issue age for the 30-year term period from 50 to 55 years old for non-nicotine users.
    • Redesigned SwiftTerm client page: The SwiftTerm customer page has a new look and has moved to the main website. The SwiftTerm page will have a new address, so please be sure to bookmark the new one: www.symetra.com/SwiftTermLife

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.

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Transamerica

  • New iGO eApp and Underwriting Experience. Join Transamerica to learn about the new iGO e-App and the digital underwriting experience. Your selling experience using the iGO e-App for term and IUL products is about to get even better. Designed to deliver faster decisions and faster life insurance for term and IUL clients, this new enhancement features a frictionless, end-to-end, personalized digital buying experience. Webinar takes place on Thursday, June 13, 2024 at 1 pm ET | 10 am PT.

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

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