BREAKING NEWS: Prudential Suspends GUL Sales | EMSI Shuts Down Operations
Published on
July 06, 2020
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Prudential Indefinitely Suspends GUL Sales
Prudential has decided they can no longer offer their UL Protector (GUL). Please see below for the following changes:
- July 13, 2020 (Application Receipt Date): Formal application with Part 1 completed and in good order must be received by Prudential by end of business day on July 13.Applications not received by end of business day on this date will not be honored. Applications received after July 13th will be updated to “UL Unknown” and confirmation of a new product will be required.
- July 20, 2020 (Quotes no longer available): Presentations of UL Protector will not be available in illustration systems. If a revised presentation is required after the submission deadline, they will need to be requested through the home office sales desk.
- August 31, 2020 (Placement Date): All money and delivery requirements (in good order) necessary to place the product must be received by end of business day August 31st.
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EMSI Shuts Down Company Operations
EMSI announced that they have ceased all company operations as of Friday, July 3rd. EMSI is one of the largest vendors in the insurance industry providing paramed exams, APS retrieval, tele-application interviews and other vital services. Many of these functions may be adversely affected by this announcement.
As we obtain more information on this topic, we will keep you informed
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We at GBS Insurance thank you again for your business. For more information or insurance quote requests, please contact your brokerage manager or give us a call at (800) 473-5966
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GBS Insurance and Financial Services, Inc. do not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
© 2020 Arthur J. Gallagher & Co.
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