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Effective October 9, 2023, Instant Decision Via The New SimpliNow
Choice Platform
Effective October 9, 2023, iPipeline iGO and LifePipe users can easily access ALL underwriting submission paths in the same session with the new SimpliNow Choice platform.
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NAILBA 42 - Women in Brokerage Event
Tuesday, October 31, 2023 | 3:30PM ET
Join the Women in Brokerage Event at NAILBA 42! This is a fantastic opportunity to hear from keynote speaker, Tanya Geisler, a Certified Leadership Coach, TEDx Women Speaker, and writer best known for her ability to help you see the opportunities that present themselves. It's time to create your Iconic Impact. Geisler will delve into helping you recognize your true potential and avoid falling into the complexity of your patterns.
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Effective October 9, 2023,
Nationwide CareMatters II Implements Price Improvement
Effective October 9, 2023, Nationwide® is implementing a price improvement across all scenarios for the current CareMatters® II product effective in the states of Arizona and Delaware.
There will be a price decrease for all scenarios, which varies by the characteristics of the case. In addition, to make CareMatters II more accessible to more clients, Nationwide is lowering the current minimum LTC benefit from $2,500 a month to $1,500 a month. South Dakota, Vermont and Wisconsin require higher minimums.
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2023 Life Insurance Year-End Guidelines
Click below for important key dates and deadlines for processing 2023 year-end business.
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Effective October 15, 2023,
New Interest Rates for Several Care Solutions Products
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Note: All products may not be available in all states or may vary by state. Policies are issued by The State Life Insurance Company®, Indianapolis, Indiana. Asset-Care and Annuity Care are medically underwritten. Policy Forms: Asset-Care: L301, L302, SA31, SA39; Annuity Care: SA34 and SA35; Indexed Annuity Care: SA36; Legacy Care: SA32.
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2023 Life Insurance Year-End Guidelines
Click below for important key dates and deadlines for processing 2023 year-end business.
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Reminder: New Applications Available Soon in Several States
Effective October 23, 2023, the updated life insurance application will be available in CA, FL, MT, ND, SD, and WY.
Transition guidelines:
October 23, 2023
- Updated Life applications for all products are available for CA, FL, MT, ND, SD, and WY.
- Current applications for these states can be used with the updated Part B (comingled) or updated Parts A and C can be used with the current Part B.
January 5, 2024
- Current Life applications for CA, FL, MT, ND, SD, and WY will no longer be accepted except to satisfy a final underwriting and/or administrative requirement for policy issuance.
- All final underwriting and administrative requirements for policy approval and issuance must be received in our home office for comingled and/or complete current CA, FL, MT, ND, SD, and WY applications.
- For comingled and complete current applications that involve a 1035 exchange, all final underwriting and administrative requirements must be received to start the exchange.
January 31, 2024
- Last-day policies using comingled or complete current applications for CA, FL, MT, ND, SD, and WY can be issued by the home office.
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2023 Life Insurance Year-End Guidelines
Click below for important key dates and deadlines for processing 2023 year-end business.
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Effective October 15, 2023,
Prudential Makes Changes to Index Accounts and Strategies
Overall higher hedging costs associated with capped accounts caused decreases, while uncapped accounts had lower hedge costs and were improved (spreads reduced). These changes will be effective for index segments starting October 15, 2023.
Please click the button below for the complete list.
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WriteFit Means an Improved Customer Experience
WriteFit provides improved experience for both you and your clients when it comes to underwriting. The top three reasons to choose WriteFit for eligible clients 91 percent of the time include:
- An underwriting decision within 24 hours.
- Almost 60 percent of cases are accelerated without labs and exams.
- A 21 percent increase in placement rates.
WriteFit is just one way Securian's underwriting team is looking out for you – and most importantly, your clients.
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2023 Life Insurance Year-End Guidelines
Click below for important key dates and deadlines for processing 2023 year-end business.
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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.
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GBS Insurance and Financial Services, Inc, CA License #0D87913
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21820 Burbank Blvd., Suite 301
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For agent use only - not for use with the general public.
GBS Insurance and Financial Services, Inc. does 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.
© 2023 Arthur J. Gallagher & Co.
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