Our GBS Life Insurance blog is here to help provide you with the most current news and resources to help you better serve your clients.
This information is considered reliable at time of publishing and statements and opinions are subject to change without notice.
Consult your Brokerage Manager for any updates.
On February 27, 2017, the repriced Term Essential will be introduced, subject to state approvals.
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Effective March 1, 2017, United of Omaha will be suspending sales to their GUL Plus and GUL Survivor products.
Read More >>Symetra will introduce a number of changes to both their Survivorship and Single Life UL-G products effective February 8, 2017.
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Upcoming changes at Lincoln include lowering term rates, lowering index caps by 50 bps on most products and slightly increasing SUL pricing.
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Metlife is reorganizings itself into two smaller companies, in the wake of being designated Systemically Important Financial Institution (SIFI). The new companies will be Metlife and Brighthouse Financial. Many products are being discontinued and term insurance will only be available for face amounts of $1,000,000 and over, starting Feb 3rd, 2017.
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North American will offer a new version of Custom Guarantee UL on January 30, 2017. The increased guaranteed premium will be available to illustrate on our software starting this date. In order to receive the “old” guaranteed premiums, applications (paper or e-App) will need to be signed by all signing parties and received in the North American Administrative Office by February 17, 2017.
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Prudential analysts give insights on how the Trump administration’s tax proposals might affect clients and our industry.
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