Transamerica Getting out of Individual LTC
Transamerica recently announced the discontinuance of the sale of individual, standalone long-term care insurance products on March 31, 2021.
Click the button below for the full announcement and details.
Transamerica recently announced the discontinuance of the sale of individual, standalone long-term care insurance products on March 31, 2021.
Click the button below for the full announcement and details.
Banner Life\’s underwriting team is always looking for ways to responsibly improve risk evaluation. We are excited to announce the following changes:
Marijuana use consideration for non-tobacco rate classes
Previously, with any Marijuana use our best offer was Preferred Tobacco rates. We review the overall unique medical context of each applicant and can now consider:
Please keep in mind, these are best case ratings and do not include other medical conditions or histories which will be taken into consideration. With these changes we’re introducing Marijuana screening to our urine test panel. For those who test positive, a delay of a few days may be expected while a confirmation second screening using existing blood work is conducted. No reconsiderations will be made on previous cases.
Have a case in mind? Contact your ISSUE Relationship Manager to see which of our carriers may be the best fit for your client\’s needs.
Legal & General America continues to back market-leading competitive position and solid operating performance with exceptional financial strength ratings from three of the world’s top ratings agencies.
A.M. Best reaffirmed ‘A+ (Superior) Financial Strength Rating for Banner Life and William Penn
Standard & Poor’s reaffirmed ‘AA-‘ (Very Strong) Financial Strength Rating for Banner Life and William Penn
Fitch Ratings reaffirmed the Insurer Financial Strength (IFS) Rating for Banner Life and William Penn at ‘AA-‘
COMDEX Score ’95’
*All ratings shown are current as of January 15, 2021
In this social media-driven society it\’s crucial to have a strategy to meet clients right where they are scrolling.
Join Blue Compass as they show you how to better reach current and potential clients via social media, without getting overwhelmed.
Register for the webinar today: https://bit.ly/32gCYMy
Keeping your insurance license current is one key to ensuring that your business is placed and commissions are paid in a timely manner. ISSUE makes it easy with the help of SuranceBay\’s online appointment software, SureLC.
FREE ANTI-MONEY LAUNDERING:
How to access SuranceBay\’s free AML course
Already have AML Training? Click here for help on how to use the AML Training tab for other AML providers.
LOW-COST E&O COVERAGE:
Click here to learn more about SuranceBay\’s low-cost E&O coverage option.
New rates for Banner Life OPTerm 10, 15, 20, 25, 30, 35 and 40 include a mix of decreases and increases.
Banner Life OPTerm pricing comes in at #1 – 74% of the time and top 3 – 89% of the time against core competitors*
The reprice lowers the monthly modal factor from .086 to .085. Both annual and monthly rates are highly competitive!
Check out Banner\’s updated term webpage to find administrative guidelines, product specifications, marketing materials and more.
The application process for Mutual of Omaha\’s Term Life Express and Living Promise Whole Life Insurance products is simple – no medical exam and only a few health questions. But did you know when you complete the application using MOO\’s e-Application you will receive an instant underwriting decision?
Automated Underwriting, MOO\’s instant decision solution, provides you an underwriting decision in minutes, if not seconds, while you are completing the application with your client.
If you have any questions, please contact your relationship manager or send an email to easy@issueins.com.
Local: (937) 890-4991 Toll Free: (800) 762-7500 Fax: (937) 890-1909