fbpx

Helping Talented Agents Close More Sales

  866.568.9649

Life Insurance

Due to the change in non-forfeiture rates, Signature Whole Life premium rates will be increasing. Despite this increase, competitive positioning should remain intact.

Signature Whole LifeTo receive current rates:

  • Electronic applications must be signed and submitted on or before 11/30/21 and issued/paid by 12/31/21.
  • Paper applications must be signed on or before 11/30/21 and issued/paid by 12/31/21.

If the application is dated 12/1/21 or later the client will receive the new rates.

Limited Pay Whole Life (for Pensions & Montana)

To receive current rates:

  • Electronic applications must be signed and submitted on or before 11/30/21 and issued/paid by 12/31/21.
  • Paper applications must be signed on or before 11/30/21 and issued/paid by 12/31/21.

After 11/30/21 there will be no LPWL available until 1/1/22. If the application isn’t paid by 12/31/21 the client will need to sign a new application on or after 1/1/22 and will receive the new rates. (LPWL will not be available to sell during December.)

Product Name

Last App Date

Issue Paid Deadline

Replacement Product

Repriced Product Launch Date

Signature Whole Life

11/30/2021

12/31/2021

2021 SWL

12/1/2021

Limited Pay Whole Life

11/30/2021

12/31/2021

2021 LPWL

1/1/2022

  • Policies cannot be back-dated.
  • For policies with 1035 Exchange funds: Policy must be issued, and the first premium paid by 12/31/2021, then additional 1035 funds can be applied after 12/31/2021.
  • Franchise billing is allowed, only if the first premium is paid on or before 12/31/2021.

If you have questions, call us today at 866-568-9649!