Effective July 1. 2014, Legal & General will implement a significant premium increase on their Life Step UL product. Life Step UL is their UL policy for term conversions. Premiums for males will increase from about 30% to 50% depending on underwriting class. Premiums for females will increase just over 20% across all underwriting classes. There will be no rate change for Life Step UL in New York at this time. There will be no rate change for L&G’s Life Choice UL product which is available for term conversions during the first 5 years only.
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