Advisors Blog

GBS News: Weekly Product and Underwriting Updates - Week of June 6, 2022

Published on June 09, 2022


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Agile Underwriting+ (AU+) helps you grow your business and cover more clients

Speed through IUL cases for MORE clients with HIGHER protection!

AU+ is AIG's streamlined underwriting process that’s available for issue ages up to 59, risk classes from Standard to Preferred Plus, and face amounts up to and including $2 million!

PLUS - Applications submitted for AU+ are often issued in five days! That makes the buying experience simple and fast for you and your clients.


Secure Act 2.0

The House of Representatives recently passed the Secure Act 2.0. The act is meant to encourage more saving by individuals as too many individuals reach retirement without having the savings they need to comfortably retire. The bill builds on the previous Secure Act to enhance retirement. Click below to read more about what the bill will include.


Real-Time Offer for Life Insurance

Beginning June 13, 2022, Lincoln is excited to provide you and your clients with a Real-Time Offer for cases that have been approved lab-free by our automated underwriting process.

What is “Real-Time Offer”?

To improve turnaround times for life insurance ticket submissions, Real-Time Offer will immediately communicate an approval decision to eligible clients, the writing agent, and case contact after the online or phone interview is completed.

The approved underwriting offer may be ‘as applied for’ or ‘other than applied for.’ The underwriting rate class will only be provided to the agent and case contact. If labs or other information is needed, or if the case is declined, the agent and case contact will be notified through Lincoln’s standard pending case status process.

What You Need to Know

Available for life insurance ticket submissions only:

  • Lincoln TermAccel®
  • LincXpress® submissions (single-life only): Lincoln LifeElements® Term, IUL, VUL*

Ages: 18-60

Face Amounts: $2.5 million and less

Underwriting criteria:

  • Only available for cases assessed through the automated underwriting process
  • Client must be approved lab-free
  • Good Health Statement and Insurability Supplement is not required for cases approved via Real-Time Offer

IULs Made with Simplicity in Mind

Life Protection AdvantageSM, Mutual of Omaha's protection focused IUL, offers coverage projected to age 120 at competitive premiums, and an option to guarantee coverage to age 90. Income AdvantageSM, their accumulation focused IUL, builds competitive cash values1 due to its lower charge structure, and has strong index loan provisions. 

Both IUL products offer:

  • A Simple Product Design
  • Three Index Interest Crediting Strategies
  • Competitive Participation Rates and Caps
  • An Index Loan Option with a Cap
  • A guaranteed Refund Option
  • Early access to the death benefit for Long-Term Care, Terminal and Chronic Illness.

Nationwide IUL Accumulator II 2020 Enhancements available now!

In case you missed it, Nationwide is excited to share product changes to their popular Nationwide IUL Accumulator II 2020, bringing you new volatility control index options to help limit the impact of market volatility. The enhancements also include new interest strategies, the highest par rates they've ever offered, higher target premiums, a new credit, and more.


A dynamic pair providing strong growth potential and market volatility control

Can life insurance provide death benefit protection, attractive policy cash value potential for future financial needs, and avoid unwanted surprises? With Symetra Accumulator Ascent Indexed Universal Life (IUL), their new uncapped Putnam Dynamic Low Volatility Excess Return Index Strategies (Putnam Index Strategies) can provide even stronger policy growth potential with a focus on managing volatility that could affect your client's policy value.

Exclusive to Symetra, their Putnam Index Strategies are based on the Putnam Dynamic Low Volatility Excess Return Index (Putnam Index), which pursues attractive returns through a combination of low-risk U.S. stocks, U.S. government bonds and cash, and dynamically adjusts its allocations to pursue a consistent volatility of 5%. 





Principal Business Planning Solutions: Give Key Employees a Big Reason to Stay

Did you know… 25% of owners said employee turnover has increased over the past year, up from 20% one year ago and 15% two years ago?*

As more and more employees leave their jobs voluntarily, how will your business owner clients attract and retain the right talent? Businesses are already offering key employee benefits at record levels and more than half of those businesses want to offer more benefits! But what do they want? What do they need? To get a better perspective, Principal asked more than 1,000 business owners about their priorities as well as the importance of benefits for their key employees.

Join us for our second installment of Principal's Business Planning Solutions featuring Michelle Tish, CLU®, ChFC® who discusses the tools and resources available to help you approach these clients and prioritize what is most important to them.

During this webinar we will discuss:

  • The findings of Principal's business owner research.
  • Solutions that address business owner concerns.
  • A case study using a solution to retain and reward employees.
  • Tips to prospecting business owner clients.

*2022 Principal Financial Group Business Owner Check-In, Conducted by Dynata

Join us on Tuesday, June 14, 2022

10:00 a.m. PST / 1:00 p.m. EST




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 License No. 0D87913

21820 Burbank Blvd., Suite 301

Woodland Hills, CA 91367

Phone: (800) 473-5966

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. 




GBS News: Weekly Product and Underwriting Updates - Week of May 30 - June 2, 2022

AIG has increased the street level commission on the 10-Year Select-a-Term! To confirm your commission schedule please log into Connext and find your schedule, under Contracting & Commissions, and Agent Lookup. Also effective May 23, 2022 there will be premium rate changes in all states except New York, where rates will remain the same.


GBS Newsletter | May 2022 Issue

Performing periodic life insurance reviews is a sound practice, ensuring that their clients’ life insurance portfolios continue to meet their evolving needs, while keeping pace with ever-changing market conditions. Policy Reviews analyze changes in insurance carrier ratings, structure, portfolio management and overall policy performance. 


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