June 2011 | Provada

Posted by Stephen Silver on Thu, Jun 30, 2011 @ 02:12 PM

Over the next few months, Transamerica is phasing out its current Trendsetter term product in favor of its new TransTerm product line which is now available. TransTerm is really a flexible premium Universal Life policy with a no lapse guarantee, but with competitive term premiums for the selected level premium term period of 10, 15, 20, 25, or 30 years. At the end of the level premium term period, the client has several options for continuing the coverage at guaranteed rates: (1) Guaranteed Universal Life; (2) Increasing premium term; or (3) Subsequent level premium term periods.

Please contact us for more details

Tags: Life Insurance, Transamerica

Posted by Stephen Silver on Wed, Jun 29, 2011 @ 12:39 PM

Protective Life has just introduced its OneSteop Life which is a flexible premium universal life product that offers a 25% reduction in premium, when compared to other guaranteed universal life products) for the first 5 years. In year 6, the premium increases to a higher guaranteed level premium which will remain during the selected lapse protection duration of the policy.

This product was designed for those clients who are in need of immediate coast savings. Below are a few examples of people who might benefit from this product:

Aspiring Young Professionals (Doctor, Lawyer, CPA, Financial Advisor)
New Small Business Owner
Business Owners in a Slump
Parents facing college expenses
Clients needing to manage expense of existing coverage

Tags: Life Insurance, Protective Life

Posted by Stephen Silver on Tue, Jun 28, 2011 @ 01:09 PM

MetLife has extended the Term Conversion Plus Program through October 14, 2011 and lowered the minimum face amount to $250,000. A few of the guidelines are listed below.

Met term policies issued between 2006 and 2010
Standard or better rating
Multiple policies can be combined to meet the minimum face requirements
The first $2 million is eligible for underwriting upgrade
Non-guaranteed issue

Tags: Life Insurance, Met Life

Posted by Jessica Wilson on Fri, Jun 24, 2011 @ 11:50 AM

Join Provada and American General on Thursday, June 30 at 10:30 am PST as we discuss several sales ideas for the products that can provide your clients with the flexible guaranteed term protection that they may need.This week's webinar will cover the:

Basics of several term products to fit different client needs.
Concept of laddering for multiple needs.
Benefits provided by American General's new income rider.

Add this webinar to your calendar

Tags: American General, Life Insurance

Posted by Stephen Silver on Thu, Jun 9, 2011 @ 11:09 AM

Lincoln Financial Group has made a few changes to its underwriting guidelines which are outlined below.

Medical

Personal History - your clients can now get up to a Preferred rating with certain qualifying cancers - thyroid, uterine, cervical, prostate, testicular and skin cancer.
Family History - in addition to cancer, family history of diabetes is NO LONGER A FACTOR in determining eligibility for up to a Preferred Plus rating.
Cholesterol/HDL - a Preferred Plus rating is now possible as cholesterol is no longer a factor in underwriting UNLESS it's ratable.
Blood Pressure - all ages with treated hypertension can now qualify up to Preferred Plus.
Elimination of Treadmills

Non-Medical

Motor Vehicle Records - up to 3 non-ratable moving violations in the past 3 years.
Aviation - pilots may now qualify up to Preferred without an IFR if the insured has 1000 hours and flies between 25-250 hours per year.
Foreign Travel - as been increased from 9 to 12 weeks and over 25 new countries have been added.

Binding Limits

Autobind has been increased to $60M
Autobind and Jumbo limits are now identical for both permanent and term.
Autobind on Foreign Nationals has been increased to $25M.

Tags: Lincoln Financial, Underwriting

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Posted by Stephen Silver on Tue, Jun 7, 2011 @ 12:47 PM

Join Provada and ING this Thursday as we discuss SOLAR insurance arrangements and the benefits they could provide for your executive clients. This week's webinar will highlight the:

Challenges executives face in saving for retirement
Risks and concerns associated with traditional solutions
Steps needed to implement a SOLAR insurance arrangement
Solutions these arrangements provide for your clients

Thursday June 9, 2011 - 10:30am PT

Click here to reserve your spot today!

Tags: ING

Posted by Stephen Silver on Tue, Jun 7, 2011 @ 10:23 AM

Whether you’re looking for basic death benefit protection, ensuring your children’s future, or providing coverage for a business loan Lincoln LifeElements Level Term will meet your needs. Here are some of the highlights of the LifeElements product:

Guaranteed rates for the term you choose
coverage choice of 1, 10, 15, 20 or 30 years
Option to convert to qualified Lincoln permanent life insurance products
ability to customize your policy with riders
Some of the most competitive rates available

For more information click here to check out the brochure.

Tags: Life Insurance, Lincoln Financial

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