Effective Jan. 1, 2024, Thrivent has moved from a 10-year renewal cap to lifetime renewals on life-pay policies, including its LTCI solutions. In addition to competitive compensation, Thrivent offers multiple traditional LTCI solutions, more ages to insure, strength and stability, and decades of experience.
LTCI In-Force Rate Adjustments Announced for Georgia, Alabama, and Delaware
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Georgia, Alabama, and Delaware. The changes will go into effect on Mar. 1, 2024.
ELCO Mutual Announces Q4 Bonus Program
ELCO Mutual has announced The 4th Quarter Kick-Off Bonus for agents. Any qualifying new business submitted between October 1 and December 15, 2023, will qualify you for a bonus payment on December 27, 2023.
Updated NGL Agent Guide Now Available
An updated Agent Guide from NGL is now available for download on ngl-essentialltc.com. It can be found by clicking the Reference Guides option under the Sales & Marketing dropdown.
Rate increases on all EquiTrust FIAs — including Bridge®
EquiTrust is constantly innovating and adapting to ensure you can deliver attractive, competitive products to your clients. As of October 17, 2023, EquiTrust announced rate increases on ALL of its fixed index annuities. New rates apply to contracts with effective dates on or after October 17, 2023.
EquiTrust does not offer investment advice to any individual and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa. 0868-GEN-AD-EXT-10-23
LTCI In-Force Rate Adjustments Announced for Alabama, Georgia, and Indiana
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Alabama, Georgia, and Indiana. The changes will go into effect on Jan. 1, 2024.
ELCO Mutual Announces MYGA Rate Increases
Effective Oct. 9, 2023, the rates for ELCO Mutual Life & Annuity’s Guardian Eagle Multi-Year Guaranteed Deferred Annuity (MYGA) product have increased. Any applications received Oct. 9 and beyond will be issued with the new rates automatically.
New Personal Worksheets Available for New York and North Dakota
Effective Aug. 31, 2023, new personal worksheets will be available for New York and North Dakota. The updates include a rate increase history grid, two new questions (#2 and #6), and a rewording of questions with additional answer options. Previous personal worksheets will no longer be accepted after Sept. 30, 2023.
Pricing Improvements Coming to Lincoln MoneyGuard Fixed Advantage®
Effective Sept. 11, 2023, Lincoln will be implementing pricing decreases to Lincoln MoneyGuard Fixed Advantage. There will be no pricing increases as a result of this update. The pricing improvements range from 0 – 15%, and the average pricing decrease is 5%.
Automated Underwriting Expansion to eApp
On Aug. 28, 2023, Lincoln will expand its automated underwriting capabilities to include electronic application (eApp) submissions for life insurance products. Benefits of automated underwriting include a faster processing time and simplified client experience.
