Life Product Updates for October

We have a lot of updates to share, see below, and reach out to our Life team with any questions.

AIG’s Platinum Choice VUL 2 redesigned to focus on guarantees
Effective September 30, 2019, Platinum Choice VUL 2 will be redesigned using the 2017 CSO Mortality Tables and to provide your clients with more guarantees, no matter how markets perform
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Foresters has launched enhanced Whole Life Insurance
Announcing the launch of Advantage Plus II Participating Whole Life (“Advantage Plus II”), replacing its flagship Advantage Plus Whole Life product, with lower premiums.
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Lincoln has released their 2019 Year-end Transition Guidelines
The life insurance industry is updating their product portfolios to be compliant with principle-based reserving (PBR) and 2017 CSO by Jan 1, 2020. Learn more about this update and how it can impact your business.
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Nationwide Transition Guidelines Update
Transition guideline for YourLife Guaranteed Level Term (10, 15, 20 & 30-year) pricing change for new business effective October 7, 2019
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Mutual of Omaha has announced CSO Product Reprices
On Oct 1, 2019, United of Omaha is modifying GUL and GUL Express products due to the 2018 CSO Tables. View the PDF for product impacts and transition rules.
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National Life Group Product Updates
Including changes to FlexLife and PeakLife.
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Securian has announced changes to their life product portfolio.
Includes important dates and transition timelines.
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Nationwide Product Updates
Effective October 4th, Nationwide is updating their Life Illustrator software to reflect 2017 CSO tax calculation rates.
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Layne Turner