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GBS News: Product and Underwriting Updates - Week of March 20 - March 30, 2023
There has been considerable client interest in the liquidity of life insurance and annuity companies in the wake of bank regulatory actions against Silicon Valley Bank (SVB) and Signature Bank of New York (SBNY) over the last several days. The concerns are understandable given the number of similarities between banks and life insurance companies. There are several substantial differences between banks and life insurance companies that result in materially lower liquidity risks for life insurers.
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GBS News: Product and Underwriting Updates - Week of March 6 - March 16, 2023
ANICO announced big improvements to the industry-leading Signature Performance Indexed UL product, that will take effect on 04/03/23
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GBS News: Product and Underwriting Updates - Week of February 20, 2023 - March 2, 2023
Effective February 21, 2023, Select-a-Term is repriced in all states, including New York. In all states except New York, well over 90% of cells have lower premiums with an average rate reduction of nearly 2%.1 In New York, more than 80% of cells have lower premiums with an average reduction just over 4%.
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