Legal & General Increase Premium on LifeStep UL

carrier-LGAEffective 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.