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Latest Carrier & Product News |
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Useful Information About Carriers & Products in the BUI Portfolio.
AIG Companies
New products:
Select-A-Term:
A new breakthrough term product that offers customizable term periods to more closely align the term period to the client's specific need.
ContinUL Extend 2007: Revised guaranteed death benefit UL. Now offers lower rates for clients over age 70.
AXA Equitable Life
New Return of Premium term (ROP Term) is now available with 20, 25, and 30-year level premium options. This product also offers conversion credits to permanent plans and a children's coverage rider.
Banner
New reduced term rates
Genworth Companies
Term:
New non-nicotine term rates are now in effect.
Life Ready UL:
New current assumption UL plan to age 121. It is designed to generate more cash value with more flexibility than guaranteed UL products.
John Hancock
New reduced non-nicotine term rates, and new Standard Plus non-nicotine underwriting class for term products.
Ultra Plus current assumption UL has been repriced and updated effective 9/24/07.
Ultra Index UL, a new indexed UL product launches on 9/24/07.
Prudential
A new repriced PruLife SUL Protector will be available on 9/24/07. This product is more competitive than its predecessor especially for face amounts over $1 million.
United of Omaha
Two new UL products available, GUL Complete and GUL Express. GUL Complete is a dial-a-guarantee UL to age 120 and GUL Express is a simplified underwriting product offered only at standard rates up to $250K of death benefit.
Contact BUI for details on all of these products! |
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Brokerage Unlimited, Inc.
P.O. Box 419006
St. Louis, MO 63141
314-392-2841 / 800-645-2841
(Fax) 314-392-2842
For Broker Use Only
Not intended for use by the general public
IRS Circular 230 Disclosure : To ensure compliance with requirements imposed by the IRS and other taxing authorities, we inform you that any tax advice (whether U.S. federal, state, local or otherwise) contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties that may be imposed on any taxpayer (under the Internal Revenue Code, state tax law, local tax law or otherwise) or (2) promoting, marketing or recommending to another party any transaction or matter addressed herein. | |
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Welcome to the September, 2007 edition of the BUI Brokerage Briefs. See the contents below for the items included in this issue. You are receiving this communication because of your relationship with BUI.
We hope you enjoy! | |
| September 2007 Contents for BUI Brokerage Briefs |
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| Buy-Sell Agreements:
How your clients can control the destiny of their business. |
A buy-sell agreement controls what happens to a business if the owner should die, retire, or become disabled. An agreement might provide that when an owner dies, the business entity itself will buy back the ownership interest (redemption plan), or that one or more surviving owners will buy the ownership interest from the deceased's estate (cross-purchase plan).
Click for full article |
| Section 1035 Exchanges with Outstanding Loans:
Understanding the basis and recognition of gain rules applicable to transfers of policies encumbered by policy loans |
Brokers frequently ask BUI questions about proposed 1035 exchange transactions. Most often the questions relate to the income tax implications of these transactions when they involve policies with outstanding loans. Such loans greatly increase the complications of these transactions and in many instances require the alteration of the transaction
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| Helping Hints: From Your New Business Consultant Team |
There are many ways you can contribute to a fast and efficient processing of your submitted applications. In this column, we hope to offer you some hints on how you can move your business through the process faster and with a better result.
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Underwriting Corner |
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From Bob Halsted, BUI's Chief Underwriter
There are a number of things you can do to reduce delays in the processing of your business. BUI has developed five handy documents designed to speed your case through the underwriting process.
Click for full article |
| Long Term Care News & Views |
| From Roger Lintner, BUI's Director of Long Term Care Insurance.
- LTCi Product and Carrier Updates for Genworth, John Hancock, and MetLife.
- Year-End Tax Planning idea for business owners
- Special LTCi items of interest for brokers doing business in Missouri
Click for full article | |
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