March 2024 Industry News and Updates

March 25th, 2024

 

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.

 

Disclaimer: The opinions expressed within these blog posts are solely the author’s and do not reflect the opinions and beliefs of Certitrek, CLTC, or its affiliates.