Important Asset Transfer Portfolio Update | |
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With the challenges of a sustained low interest rate environment, we are making small changes to the premium rates for our Single Premium Whole Life and Generation Legacy® products effective for new applications dated on or after April 1, 2013. We believe these changes will keep the products viable for you and your clients who want to create a legacy for their heirs, and achieve a tax-efficient asset transfer using life insurance. Both products will maintain their current competitive first-year commission rates. All other features and benefits will also remain unchanged, including the Accelerated Death Benefit riders that are automatically issued with both products in all states were the riders are approved. |
Underwriting and Product Materials To support the marketing of these products, you can complete quotes and proposals reflecting our new premium rates using one of these tools:  |
 We will issue Single Premium Whole Life and Generation Legacy® policies using our current premium rates for applications written with a date of March 31, 2013, and received in the Home Office in good order no later than April 5. The Point of Sale Underwriting interview must also be completed with the applicant by April 5.
If the premiums for applications submitted by these dates require a transfer of funds from another institution, we will issue the policy applied for with a current date when the funds are received, but will use the premium rates in effect prior to April 1. All applications written or received after the dates outlined above, will be considered for issue using the new premium rates in effect April 1. |
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As your clients look to you for help in finding ways to increase their estate value in a low interest rate environment, we are confident Single Premium Whole Life and Generation Legacy provide competitive product solutions. Thank you for your business! |
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