Provada Blog
 
Notice of Compensation Change for TransACE Survivor 2010
 

Posted by Jessica Wilson on Wed, Dec 21, 2011 @ 11:09 AM

 

Transamerica is eliminating commissions on premium received in excess of target in any policy year for the TransACE Survivor® 2010 product. Notice of Compensation Change for TransACE Survivor 2010

This change will take effect on policies with application signature dates of January 17, 2012 and later. Applications with a signature date prior to January 17, 2012 must be received in the Cedar Rapids Administrative office by end of business on January 31, 2012.

If you have any questions, please contact your Provada representative at (415) 369-9990.

 

Tags: Transamerica

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TrueTerm Rates Are Going Down!
 

Posted by Jessica Wilson on Mon, Dec 19, 2011 @ 12:03 PM

As of November 21, 2011, Lincoln Benefit Life has reduced rates for their TrueTerm product, making it a more competitive solution in their life portfolio. The rate changes will reduce rates in select cells up to 20%, with typical rate reductions in the range of 5-15%. (Please note: Not all rates changed, but there will be no rate increases.)

Here are the key facts to note:

  • Decreases were implemented for 10, 15, and 20-year guarantee periods
  • Decreases focus on the $1 - $4.9 million band
  • Rate decreases are for males and females, ages 45–65, Standard Select & Standard Non-Tobacco. For select ages, Preferred will also be reduced

TrueTerm policies issued before November 21, 2011, with an application dated prior to October 21, 2011, must follow regular replacement rules in order to receive the new rates.

Tags: Life Insurance

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