Carrier Updates

Your Weekly News & Updates July 2018

SBLI

New Rates for Level Term Plans and Level Term Riders effective July 23, 2018

Transition Rules

New rates available for quoting and issue on 7/23/2018

New Business Submission and Pending New Business

 Effective 7/23/2018 SBLI will issue pending applications with new rates, if lower than the originally quoted rates.

 Applications submitted to SBLI’s Home Office between the period of July 23, 2018 and August 24, 2018 should indicate “new rates” on the application if it was sold based on new rates.

 New applications quoted prior to July 23, 2018 and received in SBLI’s Home Office by August 24, 2018 will be issued with the more favorable rates.

 New applications received August 25, 2018 and after will receive new rates.

Recently Issued Business

 Polices recently issued and are within 120 days of the exam date, may be considered for reissue with the new rates provided the request is received in SBLI’s Home Office by August 24, 2018.

EZ App- Protective

Extra security. Just as EZ. Your online security is a priority to us. To keep your information safe, we’re adding a new login portal on June 25 for those accessing your BGA’s EZ-AppSM link  See how it works 

 

TRANSAMERICA CREDIT CARD PROCESS CHANGE

Effective June 15, 2018, Transamerica is implementing a new process for all credit card transactions that will help to secure credit card and other private information used when transacting business. Transamerica will no longer accept credit card numbers. Instead, credit card numbers must be converted to a token number using our website. The token number is then placed on the application and in iGo or wherever a credit card number is requested today.
New Business Agents will need to discontinue writing the credit card number on the paper application or putting it into the iGo web application. Instruct customers to use the credit card/token website to obtain the required token number. The token number will be used in place of a credit card number in our systems. Please note that iGO changes will not be implemented until June 22.
How Does it Work?
It’s simple and easy. The customer will need to:
1) Visit creditcardtoken.transamerica.com (no www needed).
2) Enter their credit card number and click GET TOKEN.
3) Read the token number provided on the screen.
4) Provide the token number to be entered in place of the credit card number. Please be sure to enter tokenized number including the T plus 16 digits.
When your clients navigate through the tokenizing process, they will only need to input their credit card numbers. No other information is needed for this process.
Regarding Renewal Premium Payments Clients will no longer have the option to contact the Transamerica Customer Service team for assistance with credit card payments made through Western Union. Changes being made to the Western Union website will create functionality to make it self-service. As of June 15, if a client contacts the Transamerica Customer Service team for assistance with a credit card payment for a renewal premium, the call center representative will provide instructions to enter the payment into the Western Union website. As a result of the change, the customer will pay a higher fee for the service.

 

National Life Group

Experience the Three C’s of TERM:

Competitive
We have re-designed our Term Portfolio to better position ourselves in the Term marketplace by improving our pricing as much as 30% in some cases.National Life Group is the ONLY Term Carrier with four Accelerated Benefits Riders (ABRs), having the most Critical triggers in the industry.Dying Too Soon – Death benefit available Living Too Long – Conversion to permanent coverage with access to cash value for future income needs Becoming Ill – All of our ABRs available on our Term product
Convertible
We stick out in the sea of sameness with our conversion privileges allowing your customers to convert to any one of our permanent products with very strong conversion schedules.Conversion schedules: Term 10-G, convertible for the full 10 years Term 15-G, convertible for the first 12 years Term 20-G, convertible for the first 15 years Term 30-G, convertible for the first 20 years
Convenient
Now adding our EZ Underwriting program to our Term Portfolio…

  • Potential to accelerate cases through underwriting without an exam or fluids, if certain criteria are met
  • Up to $1M in coverage offered with all rate classes available including Elite

*The new Term Series is approved in all states EXCEPT New York. **Express Rate Classes only up to $250,000

Click below to view our EZ Underwriting video:
NL 5 Reasons to Sell Term Guide Cat No 69613
LSW 5 Reasons to Sell Term Guide Cat No 103887
NEW – NL Term Consumer Brochure Cat No 103885
NEW – LSW Term Consumer Brochure Cat No 103889
Term Product Guide Cat No 103886

Getting Prepared to Sell

Information on Transition Rules
Illustration Software Changes
We are offering webinar trainings starting July 9th so that you are fully prepared to sell the Three C’s of Term.
English Webinars July 9th:  10:30 am  – 11:30 am (EDT) July 19th:  2:30 pm – 3:30 pm (EDT) July 25th:  2:30 pm – 3:30 pm (EDT)Mandarin Webinars July 9th:  4:30 pm – 5:30 pm (EDT) July 16th:  4:30 pm – 5:30 pm (EDT) July 25th:  4:30 pm – 5:30 pm (EDT)Spanish Webinars July 11th:  4:30 pm – 5:30 pm (EDT) July 19th:  4:30 pm – 5:30 pm (EDT) July 30th:  4:30 pm – 5:30 pm (EDT)