Total Living Coverage:
A UL policy that includes coverage for qualified long-term care services. It is designed for clients who wish an additional payment to their heirs at death to recover their long-term care costs. Download Tax Q&A about the long-term care feature in this product.
John Hancock
Protection SUL-G:
Repriced and now even more attractive in early funding scenarios, making Protection SUL-G an even stronger competitor in the survivorship UL market.
Performance UL:
Improved and is now the lowest-cost permanent life insurance policy in the portfolio; in some cases, it is the lowest cost current assumption UL in the industry at issues ages 50+. Includes a Return of Premium rider, a Life Care Benefit rider (long term care benefits), and supplemental face amount rider.
MetLife
MetLife continues its External Term Conversion Program. MetLife will convert another carrier's term plan (up to $1 million) without medical evidence if it was issued within the last 60 months. Some restrictions apply. See attached flyer for full details.
Nationwide
New Carrier For BUI
Ultimate Universal Life:
Guaranteed death benefit universal life plan.
Your Life WL:
A non-participating whole life plan with two options; 20-pay plan offers a fully paid up benefit in 20 years, and a continuous pay plan to age 100.
Prudential
Ratings increased:
Standard & Poors increased PRU's financial strength rating to AA (3). PRU's Comdex rating has also increased to the 92nd percentile. The Comdex rating is a composite of all the ratings a company has received from the major rating services, and then ranks the insurers based on the weighted average, using a scale of 1 to 100.
Both Term and UL Protector policies are now re-priced to be more compettive, especially for face amounts of $1 million and above.
Universal Protector will be a strong contender in many circumstances, and Term Essential 15 will be significantly more competitive across various age ranges.
And don't forget, Prudential uses the "Age Last Birthday" method for issue age calculation for all products.
Transamerica
UL Products revised:
TransAce UL:
Now has a choice of premium structures within a single product; lump-sum payment, short-pay scenario, or continous level lifetime pay plan.
TransIndex UL:
A flexible premium UL that offers death benefit protection and the potential for enhanced policy value accumulation through two account options; the Basic Interest Account and the Index Account.
TransAce Survivor:
Revised premiums and a Return of Premium Death Benefit Option.
