Carrier and Product Updates – July
Posted on July 27, 2011 in Product & Carrier Intelligence
PERMANENT COVERAGE UPDATES
MetLife- Effective August 1st – MetLife will Increase the Pricing of the Guarantee Advantage UL Product – In general, rates will increase by approximately 5% and death benefit option B will no longer be available on policies with the coverage continuation rider. Transition Information
Principal Financial Group- Effective July 25th – Principal Updated the Pricing of the SUL Product – You should see minimal changes in most of our short- and continuous-pay premiums. And some of our limited pay premiums will even decrease slightly. Our single-pay rates will increase. On average, single pays will increase by roughly 5 to 6 percent.Transition Guidelines
Hartford- Effective July 7th – Hartford Re-Priced the UL Joint Freedom II –
August 12, 2011 – Last date applications will be accepted for the old rates. Applications must be received at our home office, in good order, by August 12, 2011. If app for the old is informal or trial, the formal will have to be completed and to us by 10/12
August 12, 2011 – Last date applications will be accepted for the old rates. Applications must be received at our home office, in good order, by August 12, 2011. If app for the old is informal or trial, the formal will have to be completed and to us by 10/12
Hartford- Effective August 15th – Hartford is Re-Pricing the Freedom UL –
September 9, 2011 – Last date applications will be accepted for the old rates. Applications must be received at our home office, in good order, by September 9, 2011. If app for the old is informal or trial, the formal will have to be completed and to us by 11/9
September 9, 2011 – Last date applications will be accepted for the old rates. Applications must be received at our home office, in good order, by September 9, 2011. If app for the old is informal or trial, the formal will have to be completed and to us by 11/9
Shauna Winer
CBIZ Special Risk
800-422-7536 ext: 3115
swiner@cbiz.com