GBS News: Product and Underwriting Updates - Week of November 18 - December 2, 2022
Published on
December 02, 2022
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Competitive Underwriting for Daily Recreational Marijuana Use
Security Mutual Life (SML) offers competitive underwriting decisions for recreational marijuana use. Previously, with any Marijuana use SML's best offer was Preferred Plus with no more than 8 days of use per month. Through a new special program, they can now consider:
- Preferred Plus for recreational use of 7x per week.
- Preferred for recreational use up to 7-10x per week.
- More frequent use will be reviewed for individual consideration.
Please keep in mind, these are best case ratings and do not include other medical conditions or histories which will be taken into consideration.
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Protector IUL: Help give your clients a higher level of flexible protection
Did you hear? Symetra recently introduced a new version of Symetra Protector IUL—and it hits all the high marks!
Highlights include:
- Improved pricing
- New Putnam Dynamic Low Volatility Excess Return Index™ Strategies
- Increased index cap and participation rates
Symetra Protector IUL continues to offer clients a straightforward indexed universal life product with transparent features and a simple story. And now with these enhancements, it provides even stronger death benefit guarantees, more competitive premiums, lower policy charges and attractive cash value accumulation potential.
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Inforce LTCi Rate Adjustments Effective February 1, 2023
Mutual of Omaha will be implementing the following inforce rate adjustments effective February 1, 2023.
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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
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For agent use only - not for use with the general public.
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Corporate License No. 0D87913
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21820 Burbank Blvd., Suite 301
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GBS Insurance and Financial Services, Inc. does 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.
© 2022 Arthur J. Gallagher & Co.
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