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Transamerica’s Trendsetter LB: An option for sudden critical, chronic, or terminal illness.
Transamerica’s Trendsetter® LB is a term life insurance policy that gives clients the option to accelerate their policy face amount should they have a qualifying critical, chronic or terminal illness. Your clients, for a small premium increase, can have access to cash when they need it most.
Principal Disablity Insurance for Employers and Employees.
Principal is marketing their disability insurance to employers as a benefit to maintain their employees.
Transamerica / Statutory Company Changes
Transamerica is consolidating several of their companies under the Transamerica name.
The exact dates are still being finalized, but the following changes are targeted for 2014.
- Monumental Life Insurance Company will be renamed Transamerica Reserve Life Insurance Company (TRLIC) – summer 2014;
- Western Reserve Life Assurance Co. of Ohio will merge into the new TRLIC – fall 2014;
- Transamerica Advisors Life Insurance Company of New York will merge into Transamerica Financial Life Insurance Company – summer 2014; and
- Stonebridge Casualty Insurance Company will become Transamerica Casualty Insurance
Company – summer 2014. (Stonebridge Life Insurance Company will not be affected at this time.)
These changes affect only the companies called out above. There are no changes for other Transamerica statutory companies.
Great American Life Rate Decrease Reminder
Great American Life has announced a rate decrease. Please see the details below:
Rates are decreasing for the Secure American fixed annuity effective October 14, 2013. Applications with checks received in the Home Office by end of business day Friday, October 11 will be processed with the previous rate. Transfers and rollovers received by October 11 must have funds in the Home Office by Friday, November 8 to receive the previous rate. Fixed-Indexed Annuity Rate Decreases Effective November 7 – American Valor 10 – Safe Outlook – Safe Return Please see the interest rate chart for details. |
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AXA Equitable Long-Term Care Services Rider for New York Clients
AXA Equitable announced that effective Monday, October 21, 2013, the new version of the Long-Term Care Services Rider (LTCSR) is available for sale with Incentive Life (IL) Optimizer® II, IL Legacy®II, Athena Universal Life (UL)SMSeries 152 and Athena Indexed Universal Life (IUL)SM Series 153 policies issued in New York.
Please view AXA’s website for more details:
Reliance Standard Interest Rate/Cap Decrease
Interest Rate & Cap Decrease |
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In order to receive a rate lock on transfers and exchanges*, paperwork must be received by Friday, October 11, 2013. |
Please see the rate sheet below:
Rate Change sheet
MetLife One Year Term
For your clients that have short term life insurance needs, Met has MetLife One Year Term.
With the addition of the Convertible and Renewable Options rider, your clients have the
ability to extend their term life insurance coverage for up to five years or convert to a permanent policy in years two through five.
Please take a look at Met’s flyer for some different scenarios.
New Prudential prices
Effective Monday, October 7th Prudential will be repricing their Index Advantage UL, PruLife Custom Premier II, PruLife UL Protector & Return of Premium Term.
October is Assurity’s Critical Illness Insurance Awareness month
Assurity Life is a pioneering company in the effort to increase awareness of the importance of Critical Illness insurance among American consumers. Since 2003, Assurity has been offering Critical Illness coverage and helping agents inform their clients about this essential protection.
Assurity is observing Critical Illness Awareness Month during October. Assurity is making available a variety of information, tools and sales materials to help you educate your clients about how Critical Illness insurance can help secure their financial security.
http://mrk.assurity.com/CIAM/CIAM13.htm