Blog Archives

AIG Increases GUL Rates Nationwide Effective May 30th

Rates Increase Nationwide –Secure Lifetime GUL3 Effective May 30, 2020, premiums on Secure Lifetime GUL 3 (issued by AGL and USL) will see an increase as the result of recent declines in interest rates and increased market volatility. Rate Changes

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William Penn Guidelines for No Medical Exam

William Penn’s updated guidelines will allow you to write new business without the need for a medical exam if they have had a physical exam in the not too distant past.  Here are the guidelines.  Let us know if we

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Mutual of Omaha LTC Underwriting Changes

Please read announcement below that was just released: Throughout the rapidly evolving pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a consistently high level of service, and maintain our

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Life Insurance With No Exam

Various companies have been coming out with options for your clients to obtain insurance WITHOUT requiring a paramed exam.  They do need to have decent medical records with lab results available from their doctor in many cases.  None of the

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Payroll Protection Program Application Is Here

Just got a hold of the application that will be needed to apply for the Payroll Protection Program Loan.  Big thanks to John Hannah for forwarding this to me.  Does not look very complicated at all. Here are links for

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CARES Act – COVID Relief Update

Thank you for the feedback that keeps coming in.  Here is some more updated information on applying for relief through the CARES Act Loan Forgiveness I wanted to clarify loan forgiveness with respect to the Economic Injury Disaster Loan through

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CARES Act – COVID-19 Government Relief Package

I speak to a lot of business people throughout the day and wanted to share what information I have at the moment in terms of next steps to apply for relief since there seems to be a lot of confusion

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William Penn Regulation 187 Suitability Training / Guidelines

William Penn just came out with their guidelines for Regulation 187.  Instructions are below but the gist of it is that you will need to log into LIMRA, go to the Best Interests section and click on the link for

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NY Regulation 187 Product Training Information – Urgent

We are at the final week before ALL New York life insurance applications will be required compliance with New York Regulation 187.  Any application received after January 31st, 2020 where you have not satisfied the Regulation 187 requirements will be

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NY Regulation 187 Reminder – Life Insurance

Just a reminder that starting February 1st, all new life insurance business in NY will require you to have completed BOTH the Reg 187 industry training AND the product specific training for any application that you are going to submit.

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