April 2024 Carrier Updates
Last Updated: April 25
In addition to the carrier updates below, you may also be interested in:
- Our compilation post on how to market online: our best and most relevant posts for marketing in a digital-only environment
- Our ongoing, constantly updated list of non-med carrier options
- Our post on taking your agency digital
Carriers with updates below:
American National
Corebridge
John Hancock
MassMutual
Mutual of Omaha
North American
OneAmerica Financial
Pacific Life
Principal
Protective
Prudential
SBLI
Securian
Security Mutual Life
Symetra
American National
- Newly Updated Factfinder Tool. This fillable tool simplifies the process of collecting critical information from your clients. By delving into the intricacies of their current financial situation and future financial objectives, you can easily assess the amount of coverage needed in addition to exploring various coverage options that might be suitable. Please see link for details.
Need help with any of American National's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Corebridge
- Fixed Annuity Rates Increase, Effective April 22, 2024. Please click the link for details on annuity rates, increasing as of 4/22/2024.
- Assured Edge Income Achiever Rate Changes. Assured Edge Income Achiever® fixed annuity income percentages are increasing, effective April 15, 2024. See link for details.
- SimpliNow Choice Underwriting Paths. Learn how Select-a-Term applications are initiated, underwritten and delivered. See link for details.
- Reminder: Anti-Money Laundering Guidelines. Companies that provide life insurance and annuity products are required to integrate financial professionals into their Anti-Money Laundering (AML) programs and to provide ongoing training. Financial professionals appointed with Corebridge Financial are required to complete approved AML training every two years dating back to the last date of AML training completion. Note: AML training is not required for the sale of Select-a-Term life insurance policies. See link for details.
- New Quick Guide for New York Regulation 187. Corebridge has created a new reference guide detailing resources and requirements for New York State Insurance Regulation 187, Suitability and Best Interests in Life Insurance and Annuity Transactions (also known as the Best Interest Rule). See link for details.
- Full-Featured Select-a-Term Instant Decision. iPipeline and LifePipe users have access to Corebridge's new SimpliNow Choice platform for instant decision on existing, fully featured Select-a-Term. See link for details.
Need help with any of Corebridge's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
John Hancock
- Webinar: Accelerating Your Underwriting Edge in a Fast-Changing World. Join John Hancock on May 2 to learn how they've made the underwriting process even more convenient and streamlined for you and your clients. Webinar takes place on Thursday, May 2 at 2 pm ET | 11 am PT. Their expert panel of speakers will provide a deep-dive on the changes, with details on:
- The latest underwriting enhancements, including a walk-through on John Hancock's new EHR process
- Case examples that highlight how you and your clients can benefit from John Hancock's accelerated underwriting processes
- Tips on leveraging John Hancock's expertise and services to deliver the best-possible client experience
- Protection Solutions for Your Sales Success. With best-in-class value for your clients, our comprehensive suite of protection-focused life insurance products — universal life, indexed universal life and variable life — offer more sales opportunities for you! Please see link for details.
- What is John Hancock Vitality? - Video. Learn more about John Hancock's Vitality program in this video.
Need help with any of John Hancock's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
MassMutual
- DI Quick Quote Process. Did you know MassMutual's dedicated Disability Income Underwriters are available to answer your prescreen questions and can help set realistic client expectations? Please see link for details.
- Juvenile Life Insurance. Fact: The underwriting process for juveniles up to $5M of whole life coverage is much simpler than writing adult life insurance policies, and does not require exams. Please see link for details.
Need help with any of MassMutual's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Lincoln
- DocuSign Annuity eContract Delivery. Coming soon! Lincoln has been at the forefront of the industry and remains committed to delivering digital solutions that meet the needs of your clients and your business. We are excited to announce that Lincoln DocuSign eContract Delivery will be the default method for Fixed, Fixed Indexed, and Variable Annuity contracts. DocuSign is a widely used software for electronic signature and digital transaction management. It provides a more efficient and seamless eDelivery experience for our annuity Financial Professionals and clients and aligns with our digital-first strategy. Please see link for details.
- Online fixed annuities resource guide. Access our fixed annuity resource guide for marketing materials, current rates, client illustrations and new business forms – no login required. Another demonstration of the ease of doing business with Lincoln. Please see link for details.
- Life eTicket and MoneyGuard eApp iPipeline Update. After April 26, 2024, the Lincoln eSubmission Portal will be the only submission tool available for Life eTicket and MoneyGuard eApp submissions. Any case that is open in iPipeline must be submitted to Lincoln by April 26. After this time, any outstanding case must be restarted and submitted through the Lincoln eSubmission Portal. Note: For partners that have a direct account with iPipeline, there will be NO CHANGE in that experience. Producers will continue to log in directly to iPipeline for all life and MoneyGuard electronic submissions to Lincoln. See link for details.
Need help with any of Lincoln's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Mutual of Omaha
- Fluidless Underwriting Program. None of us like needles or having labs drawn, but a new life insurance policy often requires them. Until now. With Mutual of Omaha’s new Fluidless Underwriting Program, clients can now bypass the initial paramed exam for face amounts between $2,000,001 and $10,000,000. That means no extra labs or jabs for them to get the same great life insurance coverage they expect from us. See link for details.
- New Proposal Requirement for Immediate Annuity Applications. Beginning May 1, 2024, a proposal must be included with all immediate annuity application submissions. This new requirement allows Mutual of Omaha to capture the necessary details regarding premium payouts and rate lock information at the time of application. Thus, helping to eliminate the reissuing of many policies due to missing information on the application. See link for details.
Need help with any of Mutual of Omaha's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
North American
- Webinar: How the 2024 Election Could Impact Your Clients. Taxation and legislative changes are risks that can impact your clients’ retirement. That’s especially true during an election year. Join Stonewood Financial CEO, Becky Ruby Swansburg, as she discusses how to make more informed decisions about how to meet your clients’ needs and goals by addressing those risks. Webinar takes place on Wednesday, April 10 at 2 pm ET / 11 am PT.
- Webinar: Simple Submit North American's Electronic Life Insurance Application. Join North American for an informative webinar on navigating the world of electronic life insurance applications. Discover how technology is revolutionizing the insurance industry, streamlining the application process, and enhancing your overall experience. As a financial professional, this webinar will provide valuable insights into the future of life insurance applications. Webinar takes place on Tuesday, May 7 at 12 pm ET / 9 am PT.
Need help with any of North American's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
OneAmerica Financial
- New Business Interest Rates, Effective April 15, 2024. See new business rates effective April 15, 2024 for Asset Care, Asset-Care in California, Annuity Care, Annuity Care II, and Indexed Annuity Care.
Need help with any of OneAmerica Financial's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Pacific Life
- How to Use PL Promise GUL with Your Clients. Click the link to download this flyer.
- Business Solutions Playbook. Uncover missed planning and life insurance opportunities with your business clients. Please see link for details.
- Webinar: MMSD Webcast: A Closer Look at Apex VUL. Join Vern Carlson, MMSD Life National Sales Manager and Mark Drauschke, Head of UL and VUL Product Development, for a deep dive into the new accumulation Apex VUL product and review how its features compare to the competition. This call will not be recorded. Be sure to register in advance to attend this session! Webinar takes place on Tuesday, April 23 at 2 pm ET / 11 am PT.
Need help with any of Pacific Life's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Principal
- April 2024 Product and New Business Underwriting News from Principal. Please see link for details on:
- Increased limit for Expanded Capacity Underwriting program
- Drop Ticket - Know Your Customer form
- Part B draft copies and client correspondence for Individual Disability Insurance (IDI)
- IDI New Business and Underwriting Support
- GI Term onboarding process
- Drop Ticket enhancement
- Updated Replacement Notices
- 2024 Principal Business Owner Insights. Small to midsize business owners are an important part of communities and can help strengthen the US economy. While business and financial planning may not always make it to the top of your busy to-do list, putting plans in place may be easier than you think.
- Webinar: How Knowing Business Owner Priorities Can Benefit You.More than 1,000 business owners shared their thoughts on their priorities and what plans they have in place as part of Principal's annual business owner survey. Use these insights to help start conversations with your clients. Webinar takes place on Wednesday, April 17 at 11:30 am ET | 8:30 am PT.
Need help with any of Principal's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Protective
- A Larger Legacy and Chronic Illness Protection. Please click the link to download this flyer.
- Protective Strategic Objectives II VUL Product Improvements. Starting May 1, a new Buffered Growth & Income model portfolio option will be available for Protective Strategic Objectives II VUL. This new model portfolio includes high-quality investment options, including the Invesco® V.I. Defined Outcome Funds. These funds are designed to help clients capture market gains (up to a predetermined cap) while offering loss protection to provide them with defined growth potential. Please see link for details.
- Discover Protective Executive 10-Year Term. Introducing Protective Executive 10-Year Term, a group term carve-out solution tailored for executives.Designed to drive growth in your business market, Protective Executive 10-Year Term features:
- Affordable and level premiums
- Guaranteed-issue type underwriting with just two key questions
- Individual, portable protection that doesn’t go away at retirement
Need help with any of Protective's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Prudential
- FlexGuard Life Cap and Step Rate Changes. FlexGuard Life offers three index strategies to help grow cash values based on the performance of the S&P 500® Index excluding dividends. You may choose to allocate your premiums to one or more of the index strategies, or combine them with allocations to a fixed rate option or variable investment options. The index strategies offer you a choice of levels of downside protection while enabling you to capitalize on market growth. Investing in Prudential FlexGuard Life’s index strategies does not represent a direct investment in an index. Below are the current rates for each option. Rates are subject to change. Please see link for details.
- Advanced Planning Insights & Ideas: Recycled Proposals Make their Return as President Biden Releases Proposed 2025 Budget. On Monday, March 11, the Treasury released its general explanations of the Biden Administration’s $6.9 trillion budget for fiscal year 2025, known as the Greenbook. Its nearly 100 revenue proposals include ones similar to the 2024 budget proposals. Most of the revenue provisions were also part of the White House’s Build Back Better plan for the Fiscal Year 2022 Budget and represent Biden’s tax platform for the Presidential election campaign and the Democrats’ tax agenda for 2025 and beyond. As such, they should be taken as indicators of the Administration’s legislative priorities should President Biden win another term as president and Democrats take full control of Congress this November. Here are highlights of select provisions that would affect matters close to our industry, including estates, trusts, and higher individual income earners. Please see link for details.
- Webinar: Problems with Illiquid Assets – Leveraging Life Insurance in Challenging Wealth Transfer Cases. Join Prudential for a session to learn about the value life insurance can offer clients with complex wealth transfer needs that involve illiquid assets. The presentation reviews the problems presented by these types of assets, how life insurance solves these challenges, and two hypothetical case study examples. Webinar takes place on Thursday, May 9 at 2 pm ET | 11 am PT.
- Trimester April Sales Ideas: Estate Planning Opportunities in the Political Debate. Stay up to date with proposed legislation because it can provide insight into what could happen. What’s available today is not guaranteed to be around forever. Act now to ensure clients’ estate plans don’t miss out on valuable benefits that may be gone in the near future. Please see link for details.
- 10-Minute Mondays Webinar Series. Join Prudential for their 10-Minute Monday series. It only takes 10 minutes to learn the foundation of a new strategy and how to use it to grow your business! Please see link for details.
- Webinar: Estate Planning Strategies in the Political Debate. Without a crystal ball, it’s impossible to know what future legislation may entail, but that doesn’t mean lawmakers haven’t given us clues. Past proposals from recent years can indicate which estate planning strategies may be at risk to be eliminated. During this session, Prudential will review the strategies that have come under scrutiny in Washington recently, including grantor trusts and Dynasty Trusts, and how you can deploy them to help meet the needs of your clients while they’re available today. Webinar takes place on Thursday, April 11 at 2 pm ET | 11 am PT.
- Changes to Index Accounts and Strategies, Effective April 15, 2024. At Prudential, we are committed to maintaining financial discipline and continue to review hedge budgets and hedge costs that impact index accounts offered on currently sold and no longer sold products. Generally, the hedge budgets for IUL products improved allowing for improvements to caps and spreads while the opposite was true for the hedge budget for IVUL. These changes will be effective for index segments starting April 15, 2024. Please see link for the complete list.
- Cap and Step Rate Changes to FlexGuard Life, Effective April 15, 2024. FlexGuard Life offers three index strategies to help grow cash values based on the performance of the S&P 500® Index excluding dividends. You may choose to allocate your premiums to one or more of the index strategies, or combine them with allocations to a fixed rate option or variable investment options. The index strategies offer you a choice of levels of downside protection while enabling you to capitalize on market growth. Investing in Prudential FlexGuard Life’s index strategies does not represent a direct investment in an index. Please see link for current rates for each option.
Need help with any of Prudential's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
SBLI
- New Term Rates, Effective April 4, 2024. We are pleased to announce new, lower term rates available starting April 4, 2024, for both quoting and issued business. All non-nicotine risk class monthly term rates have been either reduced or maintained at their current levels. Please see link for details.
Need help with any of SBLI's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Securian
- Exciting Changes to WriteFit. Effective June 1, 2024, Securian is making some changes to its WriteFit Underwriting program that will help improve the customer experience, increase efficiency, and simplify underwriting requirements. This will also impact eApp requirements. These changes help support the transition to a more digital application process through eApp. Please see link for details.
- VUL Defender Compensation Increase. Securian is increasing target premiums on VUL Defender by up to 10% effective May 1, 2024. Please see link for details.
- Webinar: Chasing the Sunset: Help Your Clients Pick Their Tax Bracket. Key provisions in the Tax Cuts and Jobs Act (TCJA) of 2017 could expire in 2026, leaving your clients to face higher tax rates. What if you could help them create tax-preferred retirement income? Webinar takes place on Thursday, April 18 at 2 pm ET | 11 am PT.
Need help with any of Securian's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Security Mutual Life
- Webinar: DOL Fiduciary 3.0 Update with Finseca’s Dan LaBert. In October 2023, the DOL released its third fiduciary rule proposal, that imposes a broad new regulatory framework on retirement-related financial assistance. Security Mutual has invited Dan LaBert of Finseca or a special Q&A session on Thursday, April 25 at 11:00 am ET to provide insight into what’s happening, what could happen, and the impacts on our business. There will be an opportunity to ask questions, so please come ready to be engaged. Webinar takes place on Thursday, April 25 at 11 am ET | 8 am PT.
Need help with any of Security Mutual Life's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Symetra
- Introducing Symetra's Cancer Care Compass. Inspired by Symetra's own employees’ personal cancer experiences, Cancer Care Compass is a first-of-its-kind rider package offering a unique combination of cancer care benefits and services to help clients live longer and healthier lives. Please see link for details.
- Webinar: Introducing Symetra's Cancer Care Compass. Register for Symetra's Introducing Cancer Care Compass webinar on Tuesday, April 9, 2024, for details on this innovative rider package, and be among the first in the industry to guide your clients in a healthier direction. Webinar takes place on Tuesday, April 9 at 1 pm ET | 10 am PT.
Need help with any of Symetra's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
