New Occupational Class and Upgrades Effective, December 1, 2024, MassMutual has upgraded over 50 occupations that are ideal for Radius Choice, including: Please call our office for a quote today. 248-553-9505. … Read More
Category: News
Mutual of Omaha Exits the Individual Disability Income Market
From Mutual of Omaha “After a comprehensive strategic review of our individual disability income product, Mutual Income Solutions, we have made the difficult decision to discontinue disability income insurance sales in all states effective January 18, 2025. All pending business will continue to be processed as normal. All applications must be received in the home … Read More
Nationwide CareMatters Together
Nationwide CareMatters Together is a long-term care coverage for 2 people that is linked to a fixed-premium universal life insurance policy and includes a death benefit. It provides FLEXIBILITY to you when it comes to covering potential long-term care costs. This product differs from other long-term care policies in the following ways. … Read More
Banner’s Term 2 Term Exchange Program
Banner is offering an exchange program allowing customers who purchased OPTerm 10, 15, 20, 25, 30 or 35 within the past 48 months to trade up to a longer duration policy at his or her current attained age with NO underwriting. Program Highlights; For additional information, please contact our office at 248-553-9505. … Read More
Banner Policies
Policies are going paperless Effective November 1, 2024, Banner is defaulting to paperless preferences for policy delivery. This means that Banner will no longer default to mailing paper policies; instead, you will be able to access policies online through their eDelivery platform or Partner Dashboard. Clients will still be able to access documents through the … Read More
Protective Life product is being discontinued
Protective Custom Choice UL is being discontinued as of December 31, 2024. The carrier is offering you a comprehensive alternative: Protective Classic Choice term and the optional Conversion Choice rider with ExtendCare. Protective Classic Choice term maintains the value you and your clients expect for short-term coverage, with options beyond the traditional 10-30 year term … Read More
MassMutual Temporary Term Conversion Enhancement
Increased Face Amount Eligibility From September 30th to December 31st 2024, clients who own certain MassMutual Term policies can submit a full face amount conversion application for up to 25% of increased coverage, capped at $1,000,000 per insured, without additional underwriting. The increased coverage is available when converting to a new MassMutual whole life, or … Read More
Ameritas
Increased Issue Limit on the Business Loan Repayment Rider As of September 29, 2023, for DInamic Foundation Business Overhead Expense policies, the maximum aggregate issue limit on the Business Loan Repayment Rider has increased to $2,000,000 (total potential payout of all loan riders) and the maximum monthly issue limit has increased to $20,000 between all … Read More
The Standard
Lower Rates, Larger Discounts Effective Oct. 5, 2023, Standard adjusted their rates and increased discounts for their fully underwritten Platinum Advantage. They reduced Platinum Advantage rates for many occupations. You will see more competitive rates for men ages 41 and up for non-medical classes (5A, 4A, 3A, 2A, B and A). Plus they are introducing … Read More
Principal News
Introducing Principal Income Protector Now available for illustrating and submitting new business. The Principal Income Protector has some features going away, as well as new policy features and enhancements. This product is available in all states expept for CA, FL, MT, NY, ND, SC, SD and WY. Features going away: Social insurance substitute (SIS) benefit … Read More