Blog Archives

Genworth Simplifies Long Term Care Health Ratings

In an effort to streamline the underwriting process, Genworth will no longer be offering 4 health categories (Preferred Plus, Preferred, Select and Standard health).  Effective 11/20/2017, only Select and Standard will be available.  If you are contemplating any cases that

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New York State Cybersecurity Regulation Filing Deadline

Just a reminder that for New York state residents with a life insurance license MUST file an exemption with the New York State Department of Financial Services by September 27, 2017.  This includes BOTH individuals and agencies.  Most will qualify

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NY Indexed Annuity Cap Raised To 12.05%

American National Life’s popular indexed annuity raised the caps on their 50% participation option to 12.05% with a 10 year surrender or 9.90% on the 7 year surrender effective April 1st. Call us today with any questions.  See attached rate

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New William Penn Application

HIPAA FORMS UPDATED   Release of Health-Related Info (HIPAA) forms for Banner and William Penn have been updated. We’ve made the following revision: Added “genetic information and genetic testing results” to the LU1250 HIPAA forms. LU1282 forms are a package

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Prudential UL Protector Reprices

Notes from Prudential: The price increase is necessary to maintain the sustainability of UL Protector during this ongoing period of historically low interest rates. We will continue to monitor pricing on our entire suite of products and exercise the financial

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William Penn / Banner Life Lower Term Rates

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John Hancock Vitality Program Revolutionizes Life Insurance

For those of you who have not heard about John Hancock’s Vitality program, please take a few minutes to learn how a healthy lifestyle could reduce your client’s life insurance premiums by up to 15%. Additionally, as part of the

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John Hancock Discontinues Sales of Individual LTC Products – LTC Rider Not Affected

Important Notice: Discontinuance of Individual LTC Insurance Sales To our LTC Distribution Partners and Producers:   After a recent analysis of the macro-economic trends facing the long-term care (LTC) insurance industry, we have made the difficult decision to discontinue sales

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William Penn Updates Application

Please note that William Penn has updated their application to include a new HIPAA form.  The new application can be accessed from our website or via this link. Additionally, keep in mind that William Penn offers the App Assist process

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Companion Suspends Term & GUL Products in New York

Please see the urgent message from Mutual of Omaha that was just released: From time to time insurance carriers have to make prudent business decisions that are important to the long–term financial health of the company. This is one of

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