State Life – Upcoming Changes to ImmediateCare Plus Conversion

Upcoming Changes to ImmediateCare Plus Conversion ImmediateCare Plus was discontinued for new business sales as of Apr. 10, 2017, and is only available via conversion from Legacy Care. As of Jan. 1, 2018, the ImmediateCare Plus conversion option from Legacy Care will be changing to a new, simplified approach using the Chronic Illness Rider on Legacy Care.   The only payout option available to a Legacy Care policy owner wishing to utilize his/her Chronic Illness Rider will be Life with 100% Cash Refund at Death. Only Legacy Care contracts in force at least six months, neither annuitized nor matured, are eligible for conversion and the 5% of net single premium bonus under the Chronic Illness rider.  As always, the policy owner must be certified as chronically ill by a licensed healthcare practitioner. There will be no need for an estimate or assessment under this new process.   Also as of Jan. 1, 2018, conversions will not be eligible for commission payments.

Americo – December Rates

New Annuity Rates Effective December 8, 2017   The deadline to lock in current rates is December 7, 2017. Applications and money must be received in the Home Office by December 7, 2017, 5:00 PM, Central, in order to lock in current rates. 1035 exchange and transfer money on applications received by end of day on December 7, 2017, must be received in the Home Office no later than January 22, 2018, 5:00 PM, Central, to receive the current rate.    For more information and to view new rates, click the link below.   Rate Card