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Carrier News Bulletin: 06/27/2019 – 07/10/2019

Allianz

Transform Life Sales with Allianz’s New Proposal Visualization Tool.

Allianz introduces the Ensight proposal visualization tool. Ensight is a new digital tool that will complement our life insurance illustration software. It will help digitally engage your prospects, better explain life insurance concepts, and help meet the rising digital expectations of clients. Learn more with this short training webinar.

John Hancock

New CSO Endorsement for Vitality PLUS Upgrades.

Due to upcoming 2017 CSO transition (effective January 1, 2020), 2001 CSO permanent policies issued with Vitality GO will now receive a policy endorsement to contractually allow for upgrades to Vitality PLUS within the first 25 months of owning the policy. View

State Approvals:
• Protection IUL approved in New York.
Learn More
• Vitality Term approved in California.
Learn More

Lincoln Financial Group

See all updates in this week’s copy of the Lincoln Leader

Coming Soon – Continued PBR/2017 CSO Product Updates.

In preparation for the upcoming regulation changes to PrincipleBased Reserving (PBR) and the 2017 Commissioner’s Standard Ordinary (CSO) Table, Lincoln continues to update our product portfolio.

Pending Case Enhancements: Life Insurance and Lincoln MoneyGuard

In preparation for the upcoming regulation changes to PrincipleBased Reserving (PBR) and the 2017 Commissioner’s Standard Ordinary (CSO) Table, Lincoln continues to update our product portfolio.

Lincoln MoneyGuard® II Underwriting Expansion – Limited Time Only.

Effective immediately – for a limited time only – Lincoln is pleased to announce expanded underwriting consideration for Lincoln MoneyGuard® II applications submitted and received at Lincoln by November 1, 2019, and placed with premium by December 31, 2019.

OneAmerica

Updated Joint Definition for Asset Care, Effective July 1, 2019.

Starting July 1, 2019, OneAmerica will define joint applicants for all Asset Care new business as legally married spouses, domestic partners, or those in a civil union. This change applies to all Asset Care new business, regardless of policy form number. View

OneAmerica’s Updated Asset Care® Product Has Launched!

OneAmerica has simplified and enhanced the product, improved consistency while maintaining flexibility, and added options that distribution partners have asked for over the years View

State Approvals:

The Asset Care Product Launch and Advertising Approval tracking spreadsheet shows the most current state availability information. After the initial launch, you may continue to sell the current product in states where the new product has not launched.

New Business Processing Updates.

In anticipation of higher business volume with the Asset Care product launch, OneAmerica is increasing resources internally to help with processing times and working with partners to increase interview availability hours. View

Principal

2017 CSO Changes For Life Insurance Products.

See the impact to our product portfolio and key dates for submitting business.

Prudential

SBAR Turns Up the Value on SIUL.

For the first time, SIUL offers a survivorship chronic and terminal illness rider that makes the product even more competitive. See it in action and use this new tool to give clients a tour. View

Newly Enhanced SIUL Available in CA – Effective July 1, 2019.

Offer California clients a simple way to provide for loved ones and build cash values, with the newly enhanced PruLife Survivorship Index UL. View

Transamerica

System Error Notice.

Transamerica’s underwriting automated notifications for Trendsetter® Super, Trendsetter® LB, and Transamerica Financial Foundation IUL® products are currently not providing the table rating or flat extra rating. To correct this issue the Underwriting Team will directly contact agents and case managers via email or phone call. View

FW: LTC WA EAPP Rollout July 9, 2019.

With the state of Washington approval for E-APP for 7/9/2019, Transamerica has added 3 questions to each medical section stating “I, the applicant have physically answered each medical question”. These questions will be captured on the overflow form on the E-App and will be part of the application packet. Learn More