Advisors Blog

GBS News: Product and Underwriting Updates - Week of September 25 - October 5

Published on October 05, 2023


Protection IUL Improved Positioning, Effective September 29, 2023

Effective September 29, 2023, an average premium reduction of 4% will be taken across the board on Protective Value+ Protector III with continued emphasis towards performing well in all scenarios and across payment structures. Also improved guaranteed premium solve to age 90!


New Growth Cap Rates for Market Stabilizer Option (MSO) II,

Effective September 15, 2023

The MSO II Indexed Options offer varying levels of downside protection combined with the potential for growth opportunities in various market conditions. Equitable offers three Standard Indexed Options, a Step Up Indexed Option and a Dual Direction Indexed Option. Your clients can invest in one or more of the five MSO II Indexed Options in addition to the variable investment options.


Introducing Premier Benefit IUL

John Hancock's new Premier Benefit IUL gives you a new opportunity to sell life and long-term care protection in the workplace. It offers high-earning employees an easy way to buy voluntary individual permanent life insurance with optional long-term care rider protection — all at no cost to the employer. 

Key highlights:

  • Fully digital experience — ensures an efficient process from start to finish.
  • Streamlined underwriting — requires no APS, medical exams, or labs and often results in an instant decision; guaranteed issue available for larger group sizes.
  • Enhanced protection with Long-Term Care rider — gives employees the option to accelerate their policy's death benefit in the event of a long-term care need.
  • Cost-efficient, permanent death benefit protection with income tax-free growth potential — gives employees a choice of tying policy performance to an S&P-linked indexed account and/or a Fixed Account.
  • John Hancock Vitality PLUS — rewards employees for the everyday steps they take to live longer, healthier, better lives.

Download this Week's Edition of the Lincoln Leader

  • Enhanced Underwriting Program (reprint)
  • September Is Life Insurance Awareness Month
  • GoDigital Website
  • 2023 Life Insurance Year-End Guideline (reprint)
  • Lincoln Financial Group to Work with Policy Owners
  • Impacted by Hurricane Idalia in Florida

Download this Week's Edition of the Lincoln Leader- Fixed Annuities

  • Guaranteed Minimum Rates
  • ACORD eForm: Carrier Look-Up
  • Online Resource Guide
  • Indexed Account Earnings
  • Resolving NIGOS
  • Key Facts About Lincoln
  • Regulatory Round-Up
  • NAIC Training Required: New OK

Tele-CMI and Paramedical Exam (Paramed) Enhancements,

Effective September 16, 2023

Effective September 16, 2023 through December 31, 2023, MassMutual will pilot Tele-CMI and paramedical exam changes for a better term, whole, and universal life insurance underwriting experience and industry alignment.

Requirement eligibility and changes:

In lieu of the existing Tele-CMI process, MassMutual is reintroducing the paramed (Part 2) and introducing

a new Electronic Inspection Report (EIR) provider for proposed insureds using the following age and

coverage amount parameters:

  • Ages 17-60 will use a paramed for amounts of $3,000,001-$10 million.
  • Ages 61-70 will use a paramed for all amounts.
  • Ages 71+ will continue to complete a Tele-CMI.



We at GBS Insurance thank you again for your business.

For more information or insurance quote requests, please contact your brokerage manager.

GBS Insurance and Financial Services, Inc, CA License #0D87913

21820 Burbank Blvd., Suite 301

Woodland Hills, CA 91367

Phone: (800) 473-5966

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

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.

© 2023 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.


Get Started

Start Your GBS Online Account

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas mnt in culpa qui officia deserunt n culpa qui officia des mollfuga.

Stay Connected