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American General - 07/01/2018 - Secure Survivor GUL II - Premiums Increased

On average you can expect an increase of:
  • 21% for level pays
  • 23% for 10-pays
  • 26% for single pays
This change is specific to Secure Survivor GUL II only. This does not affect their single-life product Secure Lifetime GUL 3.

Transition Guidelines

Principal - 07/01/2018 - Accumulated Value Enhancement on Principal Indexed UL Accumulation

The IUL Accumulation policies will begin guaranteeing a rate of 0.25%. In the past, it has been a non-guaranteed rate. It will be credited to policy years 11+ as long as the product's Fixed Account is earning more than the guaranteed minimum.

Competitive Comparison

John Hancock- 06/29/2018 - John Hancock retired Accumulation UL, Premier Life and Survivorship Term

Transition Guidelines
Banner- 06/26/2018 - Banner Term Rate Changes

New OPTerm rates include decreases and some increases. Both annual and monthly rates are competitive.

Transition Guidelines

Prudential - 06/11/2018 - PruLife UL Protector Repriced

The UL Protector rates will be lowered to reinforce their committment to the GUL marketplace.
  • Rate reduction of approximately 3% across all level pay premiums.
  • Short pay scenarios will see moderate decreases.
  • Rate reduction of approximately 3% on BenefitAccess Rider (level pay premiums only).
  • No rate increases, no change to single pay scenarios.
Transition Guidelines
AXA - 06/04/2018 - Term 20 Rate Reductions

New lower rates for the 20-year term product in all states. For insureds rated Standard or better, ages 30-55, in the $500,000 and $1,000,000 bands.

Transition Guidelines

John Hancock - 05/14/2018 - Updates To The Term Life Portfolio and Rate Increases

Term rates increased 4%. New option to add Vitality as a term rider. The premiums will never increase due to lack of engagement. The rider charge is 3%.

The new rates are approved in all states, except FL. The last day to submit applications for old term rates is Friday, May 25th. 

Transition Guidelines

Two Ways to Access Vitality
John Hancock - 05/14/2018 - New Accumulation IUL

John Hancock released an even more competitive Accumulation IUL product for all cash accumulation scenarios in approved states. Some product highlights include:
  • Much improved retirement income potential
  • Strong downside protection in lower return years
  • Updated indexed account options
  • Vitality program
Transition Guidelines
Shauna Ausfeldt
Product & Carrier