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GBS News: Weekly Product and Underwriting Updates - Week of October 24, 2022

Published on October 27, 2022

 

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Allianz 2022 Year End Deadlines

Important key dates and deadlines for processing 2022 year-end business.  

 

Two New Riders on Protection SUL and Protection SIUL

We have good news for couples seeking additional value and greater choice in their life insurance protection. Now you can offer them two new riders on Protection SUL and Protection SIUL, including:

  • New Cash Value Enhancement: offering higher cash surrender value in early years
  • Much-improved Policy Split Option: a cost-effective way to split a policy without underwriting*

*In the event of insureds’ divorce or tax law changes.

Watch this 60-second video to see how these enhancements make planning complex cases easier, while also offering more value for customers.

 

LGA 2022 Year End Deadlines

Important key dates and deadlines for processing 2022 year-end business.

 

Inforce LTCi Rate Adjustments Effective January 1, 2023

Mutual of Omaha will be implementing the following inforce rate adjustments effective January 1, 2023.

 

New Version of Symetra Protector IUL Launches November 1, 2022 

Looking for an IUL that can give clients a higher level of protection and flexibility?

Symetra's new version of Protector IUL is launching November 1, 2022, and it checks all the boxes! Highlights include:

  • Improved pricing
  • New Putnam Dynamic Low Volatility Excess Return Index™ Strategies
  • Higher index cap and participation rates
  • A simpler IUL story

Watch for more details about the new Protector IUL product next week!

 

THANK YOU

 

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. 

 

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