Earlier this year Symetra implemented a series of actions on the Survivorship SUL-G product. At that time, they communicated that they would continue to review our guidelines and monitor economic conditions.
As a result of market dynamics that disproportionately impact the survivorship product, they have announced that they are temporarily suspending the sale of the Survivorship SUL-G product.
For a list of important deadline dates and transition rules, click the link below.
Death can happen at any time, which is a fact that people don't want to face. This may lead to them putting off thinking about life insurance. They also may think life insurance is too expensive with no immediate benefit. However, they may be able to find a low premium to cover exactly what they need: Money to settle their finances once they are gone and replace any after-tax income for their beneficiaries.
If you are an agent experiencing pushback from your clients, here are some of the ways you can convince them to adequately protect their assets and purchase life insurance now.
Sales Idea: Utilizing Life Protection Advantage IUL in Estate Planning Solutions
Life Protection Advantage IUL is designed to provide long-term protection. It has competitive premiums when projecting the policy to age 120 at conservative rates, and it also gives clients an opportunity to pay a long-term no-lapse protection premium that guarantees the policy to age 85 (for clients up to age 75). This makes it an ideal solution for estate planning situations.
Business continuity planning is simply the formalization of your wishes for turning over control of your practice. Like any good estate plan, your business continuity plan considers the effects of death, incapacity, sudden exit or retirement from your practice. What happens to you, your family, your clients, your staff and other stakeholders depends on your thoughtfulness and efforts.
SBLI has a program that will allow clients 18-60 applying for $500,000 or less to purchase coverage and never have to do an exam.
We feel like saving time in underwriting and delivering a better customer experience is worth the extra cost. In fact, beginning April 3, 2017, we will be contacting you about the option of moving a case each time we receive an application that fits into the parameter of the program.
The TBA Mobile App was designed to give advisors the ability to be more efficient while away from the desk. This app has all of the tools needed to create sales as well as process paperwork more efficiently. It can be downloaded on your phone or tablet. It is available to download for free from the app stores of A
ndroid, and Kindle.