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Carrier News Bulletin: 1/17/2019 – 1/23/2019

American National

State Approval:

Signature Guaranteed Universal Life Insurance series available in California as of January 18, 2019

 

Genworth

In-Force Rate Action Announcements:

• Maine: Privileged Choice and Classic Select
Effective 01/21/2019
• Ohio: Pre-PCS, PCS I, PCS II
Effective 01/21/2019
• West Virginia: Privileged Choice and Classic Select
Effective 01/21/2019
• West Virginia: Pre-PCS, PCS I, PCS II with Stable Premium Option
Effective 01/21/2019

 

John Hancock

Grace Period for Customers Impacted by Partial Government Shutdown

John Hancock will be extending the grace period to pay premiums and all claims will be honored, provided premiums at the time of claim submission are current. All processes will return to normal once the government has reopened. View

 

Mutual of Omaha

Living Promise Automated Underwriting Training

Automated Underwriting is Mutual of Omaha’s instant decision tool for Living Promise policies. They have created training videos to give producers everything they need to know in order to complete the e-app. Share these videos with your producers today:

In-Person Signature Method

Email Signature Method

 

Protective

Service Times for Application Processing Improved in 2018

Process improvements in 2018 reduced year-over-year application submission cycle time by 24 hours. View

 

Securian

Coming Soon! Value Protection IUL

Securian Financial unveils its Value Protection Indexed Universal Life (IUL) on Monday, January 28 – low cost, permanent life insurance that will enable you to win more business. View

 

Security Mutual Life

Personnel Change:

John W. Jonassen, FALU, FLMI, ACS has joined Security Mutual as Senior Vice President, Chief Underwriter.

Symetra

State Approval:

Base Index Strategies available for sale through Symetra Accumulator IUL in California, effective January 18, 2019.