Advisors Blog

GBS News: PacLife New Rates | Estate Planning | 2021 Tax Guide | and more

Published on April 05, 2021


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New Rates for PL Promise Term Life

Effective March 29th, Pacific Life Insurance adjusted rates for their PL Promise Term product for all states except NY. Cases that are issued (for delivery) through May 28, 2021 automatically receive the better of the old and new PL Promise Term rates. No request is necessary. This date provides a 60-day transition from their new rate launch date. Cases that are issued after this date receive the new PL Promise Term rates.

Targeted “Sweet Spots”

  • Majority of monthly mode cells in top 3 for ages 45+ preferred classes.
  • Majority of annual mode cells in top 4 for ages 45+ preferred classes.
  • Competitive for term duration 25 years – male/female, all ages, preferred rate classes.
  • PL Smooth Sailing fluidless underwriting program for ages 50-69 (page 2 for details).

Estate Planning: How Taxes Affect Your Assets at Death

Tax laws are about to change. It’s imperative to have a plan in place to protect the wealth you’ve built. This guide will help you understand the taxes that have the potential to erode the value of your estate.

Life insurance can be a very effective tool in the estate planning process and can help you:

  • Provide your heirs with a death benefit that is generally income and estate tax-free (if structured properly).
  • Provide liquidity to help pay any estate taxes that may be due.
  • Ensure any outstanding debts are paid.
  • Manage probate costs.
  • Protect against potential creditor issues.

2021 Tax Reference Guide

Securian's 2021 tax reference guide is a one-stop-shop for some common tax guidelines and rates. Which includes employer plan and IRA contribution limits, as well as estate, gift and corporate tax rates, and more. With April 15th just around the corner, use this as your go-to tax reference when clients call with last-minute questions.


Is it Time to Upgrade Your Client's Term Life Insurance Coverage?

When life brings upgrades, opportunities expand. It may be time to upgrade your client's life insurance for longer, more flexible death benefit coverage.

Click below for more details on how to convert and the benefits of conversion.


AIG Select-A-Term Policies Possible Conversion with the Accelerated Access Solution Chronic Illness Rider

Select-a-Term policies that are eligible are:

  • Issued in the past 5 years and attained age up to 60 or younger.
  • Underwriting class of Standard and better (no table rating, no flat extra.

If you sold a Select-a-Term policy within the last five years, contact your brokerage manager to see if it's eligible for conversion with the Accelerated Access Solution Chronic Illness Rider.




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.

© 2021 Arthur J. Gallagher & Co. 




GBS News: Product and Underwriting Updates - Week of October 20 - November 2

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


GBS News: Product and Underwriting Updates - Week of October 9 - October 19

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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