Advisors Blog

Due to the continued and prolonged low interest rate environment and competitive landscape, Symetra has decided to discontinue sales of their guaranteed universal life insurance products, which include their currently sold Symetra UL-G and the previously suspended Symetra Survivorship UL-G.

Did you know employer-sponsored group term life goes up in premium every five years, and part of the premium paid by the employer may be taxable to the employee? Group insurance is a convenient low-cost way to get coverage with no underwriting and little hassle, but at older ages there may be better solutions.

Given the current market, many of our advisors have been asked by business clients about the availability of Key-Person coverage for executives and critically important contributors at their companies. We continue to have access to the markets for all of your Key-Person needs. We are utilizing the carriers accelerated underwriting programs in order to access up to $5,000,000 of coverage without full medical underwriting or labs for a Preferred to Standard health risk. Financial Underwriting requirements remain the same with each respective carrier.

Despite the challenges we are all experiencing in 2020, Variable Universal Life (VUL) sales remain strong – LIMRA reported new VUL annualized premium jumped up 17% in the second quarter of 2020. 

As your brokerage manager, you'll find VUL offers from over a dozen top carriers and virtually all of those carriers have variable selling agreements with most major broker-dealers (BD) that our advisors work with.

Exclusive Symposium with 66th U.S. Secretary of State, Condoleezza Rice

Listen in on a fireside chat with former Secretary of State, Dr. Condoleezza Rice and Prudential’s own Salene Hitchcock-Gear, President, Individual Life Insurance and Prudential Advisors.

There is a unique opportunity for C-Corps to offer LTC on a discretionary basis and receive significant tax deductions. The ideal case involves a closely-held business looking to benefit primarily the owners (and their spouses), or at most create a carve-out LTC plan for 20 or less executives or highly-compensated employees.  

Whole Life is still the most popular permanent cash value insurance product on the market, partly because it is sold by legions of career agents working for mutual carriers. But whole life continues to offer several advantages to advisors selling through brokerage affiliations. Most important of those being safety, predictability, guarantees and more flexibility than you might realize. We offer several of the top rated, best-performing, and well known whole life carriers.

To further protect your Indexed Universal Life (IUL) clients, the National Association of Insurance Commissioners (NAIC) recently enacted revisions to the AG49 regulation that governs IUL products. The new version of the regulation, called AG49-A, will further limit how carriers illustrate their IUL products and provide more transparency.  All Life Insurance carriers must be in compliance with Actuarial Guideline 49-A (AG49-A) for IUL illustrations by November 25th, 2020. 

SBLI's unique Accelerated Underwriting process guarantees no face-to-face contact for all clients, ages 18-60 seeking $750,000 or less of Term for all risk classes.

In this actual case, our advisor was able to show clients how to gain leverage of up to six times the value of an old variable annuity when used for tax-free LTC benefits. This technique using the Pension Protection Act of 2006 (PPA) allows the client to wash away all the taxable gains to the extent LTC benefits are actually paid out.