March 2024 Industry News and Updates
Introducing the new Lincoln Life Insurance eSubmission Portal
Lincoln National, 2/12/24: Introduced the eSubmission Portal which is a new user experience for producers who submit electronic life tickets and MoneyGuard® applications from the Lincoln producer website. The portal is available on Lincoln’s producer website for Life eTicket and MoneyGuard eApp cases.
One America New Business Rates
One America, 3/15/24: The new business rates for some OneAmerica® Care Solutions products are changing.
ForeCare
Global Atlantic, 1/8/24, ForeCare rates effective January 8, 2024.
Nationwide, 4/1/24, CareMatters® fixed account rates will increase by 0.25%
Nationwide Q224 creditable interest rate updates (AO & BGA) DRAFT 022224 (nationwidefinancial.com)
The rate credited applies to both in-force and new policies. This change does not impact premiums.
Nationwide VUL Protector II Updates
Nationwide, 3/18/24, LTC Rider II price improvements for Nationwide VUL Protector II that have the Extended No-Lapse Guarantee rider. Applies to both new business and existing in-force. There will be a price decrease for the rider in all scenarios, which will result in a reduction in premium required for the extended no-lapse guarantee.