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Banner Life Underwriting Improvements
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:
- Preferred Plus NT for very infrequent use of 1-2x per year
- Standard Plus NT for recreational use up to 8x per month
- More frequent use will be reviewed for individual consideration
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.


Keep your license current with SureLC’s AML and E&O
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.


Lower Monthly Premiums and New Term Rates from Banner!
New Term Pricing Effective June 10, 2020
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*
New Monthly Modal Factor
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.


Automated Underwriting from Mutual of Omaha
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.


Lincoln Product Updates 5/11/2020
- Lincoln LifeGuarantee® UL (2019) with premiums increasing 20% on average.
- Lincoln VULONE (2019) and Lincoln SVULONE (2019) with premiums increasing 16% on average, applying across all funding patterns, ages, and underwriting classes.
- In June, Lincoln will be launching Lincoln AssetEdge VUL (2020) and Lincoln AssetEdge Exec VUL (2020) accumulation VUL products offering significant cash value growth potential and more indexed account options. (*Pending SEC and FINRA approval.)
- In addition to the Conserve indexed account, AssetEdge is adding 3 new Indexed accounts: Balanced, Perform and Perform Plus, providing competitive alternatives to the Variable Subaccounts and Fixed Account.
- Also in June, the new Lincoln Enhanced ValueSM Rider (LEVR) for Lincoln’s WealthAccumulate IUL (2019) will launch, providing high early cash value for Business protection and premium financing sales.
- Now offering more flexibility with three Return of Premium (ROP) Benefit Options: 100% ROP / 93% ROP / 85% ROP
- 10-year benefit period that grades down in years 8+
- New compensation structure (rider will require new Comp Builder)


Local: (937) 890-4991 Toll Free: (800) 762-7500 Fax: (937) 890-1909