December 8, 2016

President's Mess(age):

The times, and the rates, and the products, and the carriers......they are a-changing.


About the only thing that hasn't changed is the high school photo I'm still using in my newsletter.


This is just my opinion, but I think everybody in the world should buy a Guaranteed Universal Life policy before it's too late.  The interest rate environment is really sticking it to our carriers.  I don't know how much longer these 'term for life' GUL's are going to be around.  So hurry.

 Just a quick blast today, with important news from Met.  First, they fired Snoopy, who had a $12M deal.  That's a lot of chew toys.  Now this.


Effective February 3, 2017, MetLife will sunset the following products:

Promise Whole Life
Promise Whole Life 120
Promise Whole Life Select 10
Promise Whole Life Select 20
Promise Whole Life Select 65
Guaranteed Level Term (face amounts less than $1M only)
Secure Flex Universal Life
Provider Universal Life
Legacy Advantage Survivorship Universal Life
Equity Advantage Variable Universal Life

Key dates for this product sunset are as follows:
February 3, 2017 Applications must be received in good order at the Home Office by this date.
March 3, 2017 Applications for term conversions that do NOT require underwriting must be received in good order at the Home Office by this date. The February 3, 2017 application deadline applies to term conversions that do require underwriting.
April 28, 2017 Issue deadline.
May 26, 2017 Payment deadline.
Brighthouse Financial Life Insurance Product Portfolio
Following the separation of U.S. Retail, Brighthouse Financial will make the following life insurance products available for sale. These products will not differ from their MetLife versions as of the date of separation.
Premier Accumulator Universal Life
Guaranteed Level Term (minimum face amount will equal $1M)
One Year Term

Do you know what this means?
Seriously.  I'm asking.  Because I don't.



H.D. Mooers-- fighting for your Life since 1937

Jeff Mooers
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Fighting for your LIFE since 1937



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