Advisors Blog

Principal GUL/SUL Rate Increase and Small Business Resources

Published on June 02, 2020


Announcing: Principal GUL/SUL Rate Increase

Effective June 8, 2020, premiums on the Principal Universal Life Protector V and Survivorship Universal Protector III will see an increase as the result of recent declines in interest rates and increase market volatility. Guaranteed premiums are expected to increase on average 11% - 14% varying by age and payment duration. Application must be submitted, and in good order, by June 15th to retain the current rates

To learn more about transition guidelines, please click here.


How The CARES Act Can Help Business Owners

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law this March and provides over $350 Billion in relief and aid to America’s small businesses. Advisors can help their business owner clients through the financial impacts of this pandemic, but there’s a lot of information to sift through – and time is of the essence.

What do your clients need now?

  • Strategies to pay and retain employees.
  • Help determining what loan and tax relief programs may be appropriate for their business.
  • Consulting to help navigate this uncertain economic time.

We can help you understand the business provisions of this legislation, the types of relief available, and how your clients can take advantage of these programs.





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 CA 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.

© 2020 Arthur J. Gallagher & Co. 




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Introducing a new series of quick sales ideas to spark interest in your clients and centers of influence. Position yourself as a valued advisor and insurance professional by using these tips as conversation starters.


Have You Considered VUL?

If you haven’t considered VUL lately, many of today’s newest products include benefits and features that clients are looking for. With the increased pricing for GUL products coupled with many carriers totally withdrawing from that marketplace, VUL and SVUL have become an even more attractive alternative for you and your clients to consider.


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