Legal & General America: Cost of Insurance Increase Applies to Select Inforce UL Plans

Effective August 1, 2015 Banner and William Penn will implement a cost of insurance (COI) increase for select universal life plans. For any plan affected, the increased cost of insurance will be reflected in the first monthly deduction following the effective date of the increase.

The table found in the news article below lists the plans for each company, the policy form numbers, the dates the policies were available for sale, and the effective date of the COI change. It also identifies the plans which included no-lapse guarantees.

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