Transamerica – Product Update
Adjustments to the Maximum Illustrated Rates
Effective September 1, 2015, the TransWare® and Winflex illustrations systems will reflect new Maximum Illustrated Rates for TransNavigator® IUL new business and inforce illustrations. The new Maximum Illustrated Rates are as follows:
Prior to 9/1/2015 | Effective 9/1/2015 | |
S&P 500®Index Account | 7.66% | 6.86% |
Global Index Account | 9.03% | 6.86% |
S&P 500®Index Plus Account | 9.14% | 6.86% |
Global Index Account Plus | 10.00% | 6.86% |
We recommend that you begin using the new lower maximum illustrated rates immediately. Using the new rates today will ensure that the illustration you share with your client will be consistent with the one included in the policy and with inforce policy illustrations.
Adjusting the Illustrated Rate in the Illustration
IUL illustrations default to the maximum illustrated rate. However, the illustration software allows you the flexibility to lower the rate to the new maximum illustrated rate, or any rate between the floor and the maximum. To change the rate, please access:
* TransWare® – Illustration Options > Allocation > Specific Allocation
* Winflex – Start Winflex Web > Transamerica > TransNavigator® IUL > Create Client > Rate/Funds
If you have any questions regarding AG49 or our new Maximum Illustrated Rates, please contact the Transamerica Sales Desk.
Symetra – Introducing New GUL Product Enhancements
For the past 18 months, Symetra Life Insurance Company has been consistently regarded as a price leader in the guaranteed universal life marketplace. To maintain and strengthen their leadership position, Symetra is pleased to announce some exciting enhancements to their flagship no-lapse-guarantee product.
To view more details, click here.
Protective Life – Indexed Universal Life Maximum Illustrated Rate…
Effective September 1, 2015, the maximum illustrated rate for Protective Indexed Choice UL will change from 6.28% to 5.76%. This will only impact the illustrated rate on new policies, and not the actual credited rates which are based upon the performance of the S&P 500. This rate change will be active in the illustration system as of August 17, 2015.
To view more details, click here.
Savings Bank Life – Drop Ticket Coming Soon
SBLI is partnering with ApplicInt, a web-based multi-carrier quote and ticket platform, to provide you a simple and free drop ticket process. It will be available in September and will include these features:
- A short drop ticket form
- A choice of fulfillment vendors
- Access to level term and whole life products
- An easy to use, paperless, streamlined application process