Advisors Blog

LGA's New Term Pricing is Back at #1 - OPTerm Rate Reduction Effective Feb 13, 2017

Published on February 13, 2017



Below is the full text of the recent Legal and General America/Banner Life memo. For a pdf version, please click here

February 13, 2017


New Business Submission and Pending New Business.

  • New rates will apply to all new applications. Pending applications will be issued with the most favorable rates.
  • Policies recently issued can be considered for reissue, with the new rates, provided the free look period has not expired. To do so, please contact your GBS Brokerage Director. 


  • Illustration Manager Version 2.5 is now available for download from the Partner Dashboard.
  • Illustration Manager quoting engines, including desktop software, MobileSuite and the online version have been updated.
  • Third party vendors such as AgentQuote, Compulife, iPipeline, and VitalQuote (Ebix) have been provided with the new rates.

No change to issue ages.

No change to policy fee.

No change to compensation.

Please Download and Replace Marketing Materials.
Marketing materials, which include content that quotes premiums or refers to a rate effective date, have been updated. Please take advantage of the option to post materials that link to our servers; doing so assures that you’ll have access to the most current version available.

Marketing materials that can be used to communicate the rate change have been posted to our term microsite and to the Partner Dashboard. You’ll find OPTerm under Marketing Materials > Products > OPTerm. New materials have been created to promote Legal & General America’s strengths in the term marketplace. If in doubt about whether the piece you’re reviewing has already been updated, please look at the numbers at the end of the disclosure paragraph. Updated materials will include 02.13.17 in the form or compliance number revision date. Materials created by Legal & General America can be used without further compliance approval.



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