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Carrier News Bulletin: 04/04/2019 – 04/11/2019


State Approval: Value+ Protector IUL in NY.

Value+ Protector available in combination with optional chronic illness rider: Accelerated Access Solution. Value+ IUL product will be discontinued May 17, 2019. View

Spouse/Other Insured Rider Availability Change.

Effective May 17, 2019, Spouse/Other Insured rider no longer available – full details in bulletin. View


Important Notice About Premium Finance Business.

Effective May 6, 2019, 3:00 p.m. Central Time, new applications for premium finance business will no longer be available with Allianz Life Pro+ Fixed Index Universal Life Insurance Policy. Applications received for premium finance business May 7, 2019, and later will be eligible for Allianz Life Pro+ Elite® Fixed Index Universal Life Insurance Policy. View


In-Force Rate Action Announcements:
• Maryland: Privileged Choice and Classic Select
Effective 04/08/2019
• Maryland: Pre-PCS, PCS I, PCS II, Choice 1 with Stable Premium Option
Effective 04/08/2019
• North Carolina: PCS II with Stable Premium Option, Choice 1 with Stable Premium Option
Effective 04/08/2019
• New York: PCS I, PCS II, Choice 1
Effective 04/08/2019


Improved Accelerated Underwriting from Principal.

Protective is making enhancements to their Accelerated Underwriting program so that your clients can benefit even more. View

New Limited-Pay Underwriting Program from Principal.

Available now for a limited time — April 8 through Dec. 31, 2019 — Principal is offering a one-rate class improvement on single- or limited-pay (up to five years) sales of select universal and indexed universal life insurance policies. View


Lower Rates for Protective Classic Choice Term.

Beginning April 1, 2019, Protective Classic Choice Term will be even more competitive with an average 1% premium decrease. View

Update to Protective Classic Choice Term in New York.

Protective recently made changes to the Protective® Classic Choice Term product in New York to offer it only for cases at and above $1 million. As an additional update, Classic Choice Term cases in New York will no longer be available at the 25-year term period. View


UL Product Changes Effective May 6.

Coming soon, Prudential will be making updates to PruLife Founders Plus® and PruLife Essential UL®. Also, PruLife® UL Plus is being retired. View


VUL Product Changes Coming.

As of Wednesday, May 1, 2019, Accumulator VUL will no longer be offered for sale. While this product is being retired, Securian is offering Premier VUL product as a competitive alternative. View