Last updated: June 2
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AXA Equitable
- Introducing BrightLife Protect Surviorship from AXA. Survivorship indexed universal life insurance can be a smart addition to many financial plans for couples who want more ways to protect their legacy, reduce their taxes, and potentially grow their money over time with downside protection.
- Variable Investment Option Changes Affecting AXA-Equitable and MONY Life Insurance Company of America Variable Life Policies. Additional variable investment options from existing EQ Advisors Trust (EQAT) portfolios and one new investment option to the EQAT will be made available to existing and new AXA Equitable and MONY Life of America (MLOA) variable life products. Click the link above to see the full list of changes.
John Hancock
- Next Round of In-Force Rate Action Notification to Take Place in Late June. In late June, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after September 1, 2015. The 2013 rate action notifications will include John Hancock LTCI individual policies originally issued in Alabama, Idaho, Iowa, Mississippi, Missouri, North Carolina, Texas and Utah. Also, we will continue the implementation in Connecticut and begin notifications for additional products in that state. Fortis LTCI individual policies originally issued in Connecticut and Missouri are also impacted. The 2010 rate action will include John Hancock LTCI individual policies originally issued in Arizona and Iowa.
Lincoln Benefit Life
- LBL Ultra Plus UL Closing to Term Conversions. Lincoln Benefit Life's Ultra PlusSM UL will no longer be available for term conversions after June 28, 2015. Following the closure of Ultra Plus UL, the remaining Lincoln Benefit Life products available for term conversions include: Ultra Index, Total Accumulator VULSM, and Whole Life II (product availability is subject to change; all products may not be offered in all states). Please take note of the following transition rules and important dates:
- All Ultra Plus UL term conversion applications in good order dated on or before June 28, 2015 and received on or before July 10, 2015 will be issued.
- All Ultra Plus UL term conversion applications dated on or before June 28, 2015 and received after July 10, 2015 will be returned. A new application and required paperwork will need to be submitted for an alternate product.
Minnesota Life
- VUL Defender - Now Available. With guaranteed death benefit options and cash value growth opportunities, VUL Defender offers protections with Potential.
- Ensure Business Owners Can Follow Through. Now you can help business clients ensure they have enough life insurance to pursue their financial goals and fulfill a buy-sell agreement. The Business Continuation Agreement (BCA) and Guaranteed Insurability Option for Business (GIOB) are now available on our variable life products.
Principal
- The New Principal Variable Universal Life Income III (VUL Income III) is now Available. With its improved performance potential andincreased target premiums up to 15%, VUL Income III is sure to deliver big-league potential for you and your clients.
Prudential
- Coming June 15: Significant Improvement to the No-Lapse Guarantee on Founders Plus. As part of our continued effort to make PruLife Founders Plus UL (Founders Plus) more competitive in the marketplace, Prudential is making significant improvements to the cost of the no-lapse guarantee that generally impact all ages, underwriting categories, and payment scenarios.
SBLI
- Great New Rates Arrive on June 1! SBLI is pleased to announce new, low term rates on June 1, 2015. Our rates will be particularly strong among higher face amounts and older, pre-retirement ages, and will be available for quoting on SBLIAgent.com, iPipeline, Compulife, and VitalTerm on June 1. Be sure to let your agents know!
