COMPANY UPDATE SUMMARY 9-20-2015

Original carrier announcements that are highlighted below are available upon request.
Contact Russ Towers
russ@bsmg.net

 

Nationwide

 

    • Effective October 12, 2015, Nationwide is changing the pricing on its YourLife No-Lapse SUL II product.  For issue ages 55-75, the no-lapse guarantee to age 120 premium decreases by 6% on average; for level pays and 10 pays, premium decreases by 5% on average; for single pays, premium decreases by 9% on average; for specified amounts between $250,000 and $4,999,999, premium decreases by 8% on average; and for specified amounts $5,000,000+, premium increases by 1% on average.  See announcement for transition details.

 

  • Effective October 12, 2015, the Long Term Care Rider will be available on the YourLife No-lapse SUL product.  The maximum LTC Specified Amount for any one insured is $1.5 million.  See announcement for details.