With instant quoting tools, customizable durations and better rated case pricing, what’s not to love about Select-a-Term? Want even more reasons- Contact your BGA to obtain Best in Term Flyer and see why Select-a-Term is a cut above the rest!
MoneyGuard Market Advantage Launches
Lincoln Financial Group (NYSE: LNC) launched MoneyGuard Market AdvantageSM a variable universal life insurance policy with a long-term care rider that helps cover qualified long-term care expenses. With a guaranteed level of protection3 and the possibility for growth through investment options, MoneyGuard Market AdvantageSM gives clients more control over decisions affecting them and offers the ability to start planning when they are younger and allow their benefits to grow over time. Learn more contact your BGA.
Faster submission to commission on Value+ Protector II
AIG announces , non-medical UW is available on qualified Value+ Protector II cases. Don’t forget – Leave Part B to us for a smooth review process. Learn more contact your GA today.
Lab Lift Exam Substitution Program starts Feb. 12th for digital applications
Legal & General, A simple online application with built-in accelerated underwriting, plus a new path for exam substitutions means less hassle, fewer labs — and more families protected. Learn more from your BGA
Updated Underwriting Field Guide and reminder of recent improvements
The Legal & General America underwriting team is always looking for ways to responsibly improve how we evaluate risk and ultimately help more customers get the affordable coverage they need. We recently communicated improvements in these areas:
- Marijuana use now considered for non-tobacco rate classes
- EIRs replacing all IRs
- Visa and Green Card considerations
For more details on these improvements, please contact your BGA
AIG new Select -a- Term Rates
Premium rate changes effective in January consisted of a mix of increases and decreases, with some cells being left unchanged.
Principal Accelerated Underwriting Program Enhancements
Last March, we introduced temporary underwriting guidelines to use with our Accelerated Underwriting (AU) program. They enabled us to underwrite more of your clients on a non-examination basis by using digital health data from various sources, including the patient portal. I’m proud of how quickly and effectively we were able to implement the temporary guidelines. I believe it exemplified our nimble, experimental, and risk-aware approach. This experience also provided tremendous insights into the potential future capabilities of AU. We’ve used those learnings to establish new AU guidelines outlined below that will allow more of your clients to benefit from this innovative program.
New AU program guidelines effective Feb. 15, 2021, contact your BGA today for more details
The Swift Switch
Learn how Nationwide® Intelligent Underwriting was used to help get this client approved for a more tailored life insurance option within hours while also reducing his premium costs and increasing his death benefit value. Contract your BGA today.
Non-med underwriting limits increasing to $1M
AIG effective November 21, our non-medical underwriting will be expanded to include eligible cases with face amounts up to and including $1 million. The previous face amount limit was $499,999.
Securian- Fast Underwriting for all of our clients
| It’s been a crazy year, and our underwriters’ work environment looks very different than it has in the past, but since the start of COVID-19 we’ve maintained our service standard of reviewing 95% of our case requirements in 24 hours or less.1
It doesn’t matter which underwriting path your clients choose, we are committed to providing great customer service, competitive decisions and fast underwriting. |