Effective February 1, 2019, the maximum illustration rates on Mutual of Omaha’s Income Advantage IUL and Life Protection Advantage IUL increased slightly. While the increases are slight, this is good news considering that most companies are going in the opposite direction with lower index caps, participation rates and illustration rates. | more
The Prudential Rate Reduction program allows certain Table A and B rated applications to be moved to Standard. This underwriting advantage is available to all fully underwritten proposed insureds ages 20-70 applying for $100,000 to $5,000,000 of death benefit coverage. Covering term, universal life and variable life, this program is not a table shave program and only applies to certain ratable impairments where underwriting experience allows for an improved offer. As such, not all cases eligible for the program will see a rating reduction (even if the impairment appears on the eligible list). The program does cover some non-medical risks such as private aviation and recreational scuba diving. | more
American General’s Max Accumulator+ and AG Platinum Choice VUL 2 policies that fall within predetermined guidelines will be processed with non-medical underwriting! This process, available to proposed insureds ages 0-50 for death benefit amounts up to $499,999, shortens the underwriting cycle time for many of your healthy clients. For those who qualify, the application process will be less intrusive: no physical exam, no APS, no lab tests, and no paramed exams! All living benefits and rate classes will be available. This includes American General’s Table Shave program (Table 2 to Standard) for your mildly impaired clients! | more