Advisors Blog

GBS News: Weekly Product and Underwriting Updates - Week of September 26, 2022

Published on September 29, 2022


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Now Offering Vitality Members Access to Early Cancer Screening

John Hancock has announced an exciting pilot program, offering eligible John Hancock Vitality customers access to Galleri — a multi-cancer early detection test. 


Updated Internal Retention Limits  

MassMutual announces recent updates to Internal Retention Limits, which provides a breakdown of their capacity at different age and mortality thresholds including specialty risk limits on Professional Athletes, Private Aviation, and certain high-risk avocations. 


Inforce LTCi Rate Adjustments Effective December 1, 2022

Mutual of Omaha will be implementing the following inforce rate adjustments effective December 1, 2022.

*The state of Virginia requires a 75-day notification period for all policyholders. Therefore, the effective date for the affected VA policies below will be January 1, 2023. 


PAL+ Enhancements for PL Promise, Effective September 16, 2022 

Effective September 16, 2022, the following enhancements have been made to PAL+— Pacific Life’s dynamic and streamlined underwriting process that replaces PL Smooth Sailing fluidless and PL Swift Sailing accelerated underwriting programs.


1.   PL Promise GUL no-lapse guarantee universal life insurance is now available with PAL+’s non-invasive modified underwriting path.

  • Up to $2M of coverage
  • Ages 18-70
  • All risk classes including substandard
  • Drop ticket or paper application
  • Physical with labs required within the past 12 months
  • Choice of online or telephone interview

2. The online health history age requirement increased from age 60 to age 70.

3. Underwriting guidelines have been updated to eliminate the need for an Amplified Inspection Report where previously required.




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 November 7, 2022

MassMutual will reprice UL Guard and Survivorship UL Guard in November, with premium rates generally improving because of higher interest rates. These flexible-premium universal life products provide the protection of permanent life insurance and may be an important part of your clients' estate and legacy planning.


GBS News: Weekly Product and Underwriting Updates - Week of October 31 - November 4, 2022

American National has arrived at the purposeful decision to cease term life sales at this time. As of 12/1/2022, American National will no longer accept applications for Signature Term Life Insurance.


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