The Agent's Marketing Group Product News & Updates
Important Industry Highlights
Check this section for important information chosen by our team to ensure you're aware of the latest news impacting your clients.
New Principal Term Rates Effective Monday, April 1, 2019, Principal will be introducing reduced Term rates for many of their age and risk classes. (10-, 15-, 20- and 30-Year Term transition guidelines) Click here to read more.
Genworth Suspends All Individual Long Term Care Insurance and Income Assurance Annuity Sales Through the BGA Channel Effective Monday, March 11, 2019, Genworth will temporarily suspend sales of individual long term care insurance and the Income Assurance annuity through the BGA channel in all states. Genworth will continue to sell these products through other channels. click here to read more.
Cincinnati Life: LifeSetter UL being replaced with new, more flexible LifeSetter Flex UL December 28, 2018: Applications must be signed and dated on or before January 11 and received at Cincinnati Life headquarters by January 22, 2019.Click here to read more.
John Hancock: Next Round of in-force rate action notifications to take place in late January December 27, 2018: In Late January, John Hancock will begin policyholder notifications on the next round of JH and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after May 1, 2019. Click here to read more.
Pacific Life: New Product - PL Promise GUL for the Broad Market Now Available As of December 10, 2018, PL Promise GUL1, no-lapse guarantee universal life insurance is available for issue through the Lynchburg Operation. PL Promise GUL offers guaranteed death benefit protection at an affordable price for the broad market. It is designed for newly underwritten sales and is available in all states except CA (coming soon) and NY. Click here for more information.