Advisors Blog

GBS News: Weekly Product and Underwriting Updates - Week of August 1

Published on August 04, 2022


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American National: Now Accepting Applications up to $3M

Effective August 1, 2022, submissions up to $3,000,000 for ANICO Strategy Plus 7 & 10, Palladium MYG, Century Plus, Palladium SPIA, and WealthQuest® Citadel 5 & 7 will now be considered for all new business.


Lincoln Financial: MoneyGuard Rate Change

Lincoln's MoneyGuard Market Advantage will have a positive rate change effective August 15, 2022. The new rate will result in great Accumulation Value growth potential, as more of the premiums will be applied to the policies subaccounts and/or fixed account investment selections.

Important Features:

  • Benefit increases will range between 2% - 9%, if comparing LTC benefits at attained age 85.
  • Single pay designs will see the higher impact (9%) with the improvement percentage reducing as flex pay designes strech out (ranging down to 2%)
  • A rate adjustment was made to a factor within the premium calculation which will reflect policy size. Thus, policies with a $100,000 specified amount will have the same no-lapse premium as current MoneyGuard Market Advantage, with slightly higher premiums for specified amounts below $100,000 and slightly lower premiums for specified amounts above $100,000. The range of difference is generally within 1-2%. 

Nationwide: Increased Target Premiums

Recent enhancements to the Nationwide Indexed Universal Life (IUL) Accumulator II 2020 have resulted in an increase to target premiums - effective August 1, 2022. The increases will apply across the board for new policies by a range of 5% to 18% - variations in increases contingent upon sex and age.


Prudential: New Pricing for VUL Protector

Prudential's VUL Protector no-lapse guarantee pricing will be improving (except in NY), effective August 15, 2022. The VUL Protector provides cash value accumulation potential, no-lapse guarantees, and diverse investment options. The improved pricing makes the VUL Protector a more competitive option for clients looking for both security and the ability to build cash value.




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) 473-5933.

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

Corporate 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. 




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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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