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Are your clients prepared for the risk of chronic illness? Pacific Life has got you covered. PL Promise GUL now offers chronic illness protection! It’s an affordable alternative to whole life. Learn about the rider. The post Pac Life Promise GUL Now Even Better With Chronic Illness Benefits appeared first on Insurance Designers of America.

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Allianz Term Pro+ Life Insurance Rate Change

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Effective May 14, 2019, Term Pro+SM Life Insurance will have rate changes. Read more. The post Allianz Term Pro+ Life Insurance Rate Change appeared first on Insurance Designers of America.

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EXTENDED: 40-Year Term Sales Contest

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Now eligible agents have an additional 40 days to receive $40 for each submitted OPTerm 40 case and be entered for a chance to win a $1,000 bonus. Learn more. The post EXTENDED: 40-Year Term Sales Contest appeared first on Insurance Designers of America.

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SBLI Accelerated Underwriting Now Available with Flex Whole Life

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Effective Monday, May 13, 2019 all whole life applications with the following parameters will not require a medical exam or fluids: Age 18-60 All risk classes Face amounts $500,000 and under Cases with an application received date of Monday, May 13, 2019 or later that meet the above parameters will be put through our Accelerated […] The post SBLI Accelerated Underwriting Now Available with Flex Whole Life appeared first on Insurance Designers of America.

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Coming in July: Updated OneAmerica Asset Care

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By Jan. 1, 2020, all issuers of life insurance are required to reprice their products according to the 2017 CSO mortality and morbidity tables. OneAmerica® has updated the benefits and pricing within our whole-life based Asset Care® product suite, and we will be launching a new product in July! Read more. The post Coming in July: Updated OneAmerica Asset Care appeared first on Insurance Designers of America.

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Competitive New Term Rates from LGA

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New rates for Banner and William Penn OPTerm 10, 15, 20, 25 and 30 include a mix of decreases and increases. No changes to our highly-competitive rates for OPTerm 35 and 40. Rate decreases in more than 36% of pricing cells improved our ranking against core competitors. Learn more. The post Competitive New Term Rates from LGA appeared first on Insurance Designers of America.

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Celebrate John Hancock Vitality with More Compensation

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It’s John Hancock Vitality’s fourth birthday and there’s a lot to celebrate! With the John Hancock Vitality bonus, you’ll earn more compensation with every sale you make: Sell any JH permanent life insurance policies with Vitality PLUS and get +10 extra points. Upgrade your Vitality GO clients to Vitality PLUS and receive +10 points if […] The post Celebrate John Hancock Vitality with More Compensation appeared first on Insurance Designers of America.

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Securian Participation Rate Increase

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Securian recently increased the participation rate for Indexed Account G on the Indexed Universal Life products referenced here. The post Securian Participation Rate Increase appeared first on Insurance Designers of America.

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Beginning May 13, 2019, your clients can include chronic illness rider protection with new issues of PL Promise GUL2 guaranteed universal life insurance policies. Full bulletin. The post Pac Life Introduces New Chronic Illness Care Rider with PL Promise GUL appeared first on Insurance Designers of America.

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Introducing Nationwide CareMatters II

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Effective May 13th, Nationwide launched a new linked-benefit LTC life insurance product, Nationwide CareMatters® II. CareMatters II is a flexible, competitively-priced linked-benefit universal life policy that offers clients: Flexibility through cash indemnity LTC benefits that help clients obtain care where and from whom they prefer Choice of a variety of payment options, including pay to […] The post Introducing Nationwide CareMatters II appeared first on Insurance Designers of America.

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A settlement has been reached in the years-long law suit over increases in non-guaranteed costs of insurance for universal life policy owners.

On October 4th Transamerica announced a $195 million settlement for increases announced in 2015 and 2016 that affects over 100,000 policy owners.

Ron Sussman, CEO of CPI Companies was an expert witness in the case and an advocate for policy owner rights.

Policy owners will receive payments credited to their cash value and a 5 year moratorium on any future rate increases.

More information to follow.

Happy to share my first article in INN Magazine Article: http://www.insurancenewsnetmagazine.com/article/%E2%80%98unscheduled-policy-loans-can-create-sales-opportunities-3524#.W4Vo_ehKiHs To Learn More: https://mailchi.mp/07aa3321648b/policyloanrescue

Still think that term policy your client doesn’t need anymore is worthless? THINK AGAIN! We recently worked with a 75-year old client who owned a $1.5M term policy. The policy was approaching the end of the guarantee period, the client did not want to pay to convert, and planned to let the policy lapse. We explored a life settlement option and the client was able to sell the policy for $232,000, instead of letting it lapse and walking away with nothing.

Agent's need to educate their client's about these opportunities, as too many are missed. Contact us if you'd like to learn more.

Read CEO, Ron Sussman's latest article published on InsuranceNewsNet.com website: https://insurancenewsnet.com/innarticle/commentary-have-we-created-a-national-shadow-retirement-system

Congresses change from C-CPI to CPI-U for indexing inflation could lead to a reduction in the daily per diem limits for your client's LTC or Chronic Illness Rider. Help your client's plan accordingly for the unexpected reduction and make sure they understand the impact it will have whether they own an indemnity or reimbursement style rider. Click the image below for more info

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Beginning late January 2018 John Hancock will notify LTC policyholders (including those from the block acquired from Fortis) that their premiums are increasing. The effective date will begin with policies with anniversaries on or after May 1, 2018.

Implementation is state specific and continues increases that, for some policy holders, began in 2012.

Please contact our office for more details.

For policy holders that are healthy, consider switching to newer linked benefit products with premium guarantees such as the Secure Lifetime GUL from American General.

Recently two carriers, North American and Protective Life, Announced decreased cap rates for their newly issued and in-force blocks of IUL products. This repricing of options reduces the index cap rate, and the maximum illustrated rate for index segments that are initiated or renew in 2018.

Indexed Universal Life cap and participation rates are determined by the carrier's options budget and the cost of options as determined by the options provider. These rates can be counterintuitive in a rising equities market where interest rates continue to moderate to the low side or fall.

We may be seeing the tip of the iceberg. Protective and North American are two conservative companies that tend to treat their policyholders very well. But there a...

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If you've ever asked your investment advisor for data on mutual funds or ETF's you know that there is a plethora of information available from a large number of sources. The source of the original purchase is irrelevant because the data is required by SEC and FINRA and is available through a simple internet search.

You can research any fund, manager, or investment company and easily find the performance and cost structure. This makes investing easy and accessible for any purchaser.

Now, try the same thing with your permanent life insurance policy. It is virtually impossible. Not only is there no repository of data, but the issuers go out their way to make sure you do not receive the information.

Insurance carriers protect your data so wel...

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Life insurance policies need to change to meet the needs of new generations of purchasers. The idea that the benefits of a policy are only for the purchasers beneficiaries is outdated and in desperate need of a makeover.

American General has the only solution: Secure Lifetime GUL 3 is life insurance for the living.

This product provides three opportunities for clients to benefit while they are alive:

1. Opt Out. After year 25 clients can elect to terminate the policy and receive a full refund of all premiums paid.

2. Use the death benefit to pay for LTC or chronic illness. Indemnity based benefit. No need to provide receipts. Pay for home care by a family member or use for any other purpose.

3. At age 85 receive the net death benefit in 10 e...

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Securities and Investment Advisory Services offered through The Leaders Group, Inc. Securities Dealer, Member FINRA/SIPC; TLG Advisors, Inc. Registered Investment Advisor; 26 W Dry Creek Circle, Suite 800, Littleton CO 80120, (303) 797-9080. CPI Companies is not affiliated with The Leaders Group, Inc.