Advisors Blog

GBS News: Online Application Requirements | Leveraging Alternative Assets | LTC Webinar | and more

Published on August 07, 2020


Principal Now Requiring Online Apps for Certain Cases

Effective immediately, Principal has implemented the following temporary new business submission adjustments:

  • Term applications with face amounts of $500,000 and less must be submitted via drop ticket, except for cases where the insured is a resident of New York. A 30-day grace period is being provided for eApp and traditional paper applications.
  • The required minimum face amount for an informal application increases from $1 million to $3 million.
  • Additionally, the maximum insured age for Principal Survivorship Universal Life Protector III applications is now 75.
  • These changes apply to both new informal applications and those we’ve previously received but haven’t yet completed.
  • The new face amount minimum applies to all products and application states. For cases below the minimum, Quick Quote is available.

Prudential Limiting Access to Long-Form Applications

Effective August 17th, Prudential will be limiting access to the long-form application for term products. We recommend submitting business via their PruXpress Worksheet process and selecting eInterview, which allows all eligible cases to be considered through Prudential’s PruFast Track accelerated underwriting program. Prudential will continue to order requirements for this segment of business.


Choose the Term Product that Meets Your Client's Needs

John Hancock offers two ways your clients can reduce their premiums and earn rewards for living healthy with the John Hancock Vitality Program - one product offers the benefit as an optional rider, and the other has the Vitality benefit built in. Highlights include:

  • Competitive rates
  • Opportunity for rewards and discounts with the Vitality program.
  • The potential to earn premium savings and rewards for small, everyday steps toward a longer, healthier life with John Hancock Vitality PLUS.

Leveraging Alternative Assets

Do you have clients nearing retirement who are concerned about market volatility and the sustainability of their investment portfolios? Symetra's “Leveraging Alternative Assets” sales strategy can help insulate some of their assets slated for wealth transfer from the market’s ups and downs. Click below to learn how you can generate more life insurance sales while helping clients add predictability to their investment portfolios.


Webinar Invitation: A New Approach to LTC

Join us for a special webinar introducing EssentialLTC from National Guardian Life (NGL), a product that delivers a fresh approach to LTC coverage by providing clients unique benefits and competitive pricing not seen in other products. We'll also do a deep dive comparison, so you can see why this should be a go-to product for your prospects!

Tuesday, August 18th 10am PST / 1pm EST

Introduction to EssentialLTC

  • A “traditional” LTC product with innovative new features.
  • Optimized for couples with generous shared benefits.
  • Lifetime Benefits available.
  • Flexible payment periods including life-pay, 10-pay, single-pay and more.
  • How to design and present LTC to match client affordability. 



We at GBS Insurance thank you again for your business. For more information or insurance quote requests, please contact your brokerage manager or give us a call at (800) 473-5966

For agent use only - not for use with the general public.

Corporate CA License No. 0D87913


21820 Burbank Blvd., Suite 301

Woodland Hills, CA 91367

Phone: (800) 473-5966

GBS Insurance and Financial Services, Inc. do not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

© 2020 Arthur J. Gallagher & Co. 




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Allianz's announced their first ever Risk-Class Upgrade Underwriting Program, offering automatic risk-class upgrades, up front, for qualifying clients. 


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Effective October 9, 2023, iPipeline iGO and LifePipe users can easily access ALL underwriting submission paths in the same session with the new SimpliNow Choice platform.


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