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PDF version New and Improved Critical Illness Plans PLUS changes to
Term Life and SPIA effective November 2, 2015
What’s New with Living Benefit (LB) plans
·
NEW base plans rates and LB rider rates
· $50 policy fee across all LB plans
· Two rate bands on base plans and LB riders
· Multi-policy fee discount – Combine with term plans and save
· Multiple ROPS options for LB 75 and LB 100
· NEW Benchmark Definitions
· IMPROVED Early Discovery Benefit
· IMPROVED conversion options
· ENHANCED 15-Pay LB 100
· MORE FYC on base plans and all LB riders
What’s New with Preferred Term Life
- NEW base and term rider rates
- $50 policy fee across all underwriting classes
- Four rate bands now on Term riders on Universal Life plans
- Multi-policy fee discount
- IMPROVED conversion options
- MORE FYC on Term riders AND NO change to commission for base plans
What’s New with Single Premium Immediate Annuity (SPIA)
· New pricing for Registered and Non-Registered business
· Maximum quote limits reduced for life annuities
· Cash Ready Option is no longer available
Further details are available in the Transition Rules and the updated product overviews now available under Product Information on The Wave v32.0.
IMPORTANT: New rates will be available on industry illustration software on November 2, 2015. An electronic download of The Wave v32.0 is available today *. The Wave 32.0 install is an internet download only. No CDs will be mailed out.
