May 2022 Carrier Updates
Last Updated: May 27
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
AIG
- AU+ Opt-Out Available for IUL Cases in iGO Full eApp. The option to opt-out of AIG's exam-free program Agile Underwriting+ is now available for IUL cases submitted via iGO full eApp. This option may be useful for clients who will likely require exams and labs.
Need help with any of AIG's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Equitable
- Your Condensed Guide to Equitable Underwriting. Access information on underwriting programs, criteria, and requirements in this updated guide.
Need help with any of Equitable's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
John Hancock
- Update Regarding Business-Owned Insurance in New York. John Hancock has received approval for updated application forms (NB5000NY (02/2022) & NB5037NY (02/2022)) for use in the business-owned insurance market in New York. In light of this update, they began accepting applications effective May 23, 2022.
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.
Legal & General
- Take It to the Next Level With These Underwriting Sweet Spots. Legal & General provides one simple journey, with instant, accelerated, lab-free experiences based on eligibility and availability. Benefits of accelerated underwriting program: *Real-time decisions with instant approvals (or within a few hours) *Over 50% of cases approved without the need for exams *More clients covered, faster
Need help with any of Legal & General's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Lincoln
- Now Available – Lincoln MoneyGuard Fixed Advantage. We’re excited to announce our newest addition to the Lincoln MoneyGuard solutions product portfolio, Lincoln MoneyGuard Fixed AdvantageSM, is available effective May 16, pending state approval. MoneyGuard Fixed AdvantageSM is a universal life insurance policy with a long-term care rider that preserves the core design features of our current MoneyGuard Universal Life product. Following a transition period, MoneyGuard Fixed AdvantageSM will replace Lincoln MoneyGuard® III in approved states. With the launch of MoneyGuard Fixed AdvantageSM, we’re excited to introduce the new Benefit Transfer Rider (BTR) that is automatically included with all MoneyGuard Fixed AdvantageSM policies, at no additional cost. This innovative rider provides the opportunity to enhance an existing policy’s long-term care and death benefits through the utilization of death claim proceeds from a separate policy at a rate that will always be greater than the amount being transferred.
- Now Available – Lincoln WealthPreserve® 2 Survivorship IUL (2022). Effective May 16, 2022, subject to state availability, Lincoln is pleased to introduce Lincoln WealthPreserve® 2 Survivorship IUL (2022) to our life insurance portfolio. Lincoln WealthPreserve® 2 Survivorship IUL (2022) offers long-term protection, built-in guarantees, and lifelong flexibility. Built for couples who want solid, cost-effective protection for two lives under one policy.
- Discontinuation of New Sales of Lincoln LifeGuarantee UL (2019) and Lincoln LifeGuarantee SUL (2019). After careful consideration, Lincoln has made the decision to discontinue new sales of Lincoln LifeGuarantee® UL (2019) and Lincoln LifeGuarantee® SUL (2019) (Survivorship UL), which accounted for just 1% of all Lincoln Life sales in 2021. These changes are effective in all states, June 10, 2022. The changes do not impact inforce policyholders.
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
- The Cost-of-Care Study Results Are In. The Mutual of Omaha cost-of-care study is conducted annually in over 300 cities in all fifty states, and the results are in - cost of services continue to rise in every category.
- Inforce Long-Term Care Insurance Rate Adjustments Effective August 1, 2022. Mutual of Omaha will be implementing the following inforce rate adjustments effective August 1, 2022:
- Tips to Better Understand Underwriting. Let Mutual of Omaha help you navigate the underwriting process, by providing some helpful tips to make underwriting a breeze.
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.
NAILBA
- Merger Approved: NAILBA to Become a Finesca Community. Finseca and NAILBA have officially voted to merge and create: NAILBA, a Finseca Community.
OneAmerica
- Announcing Price Decrease for our Asset Care Portfolio. OneAmerica is announcing a price decrease on our Asset Care product portfolio nationwide, effective May 26, 2022. Learn more about new business submission rules leading up to the new price effective date of May 26, 2022 at the link above.
Need help with any of OneAmerica's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Prudential
- Underwriting Restrictions Related to the COVID-19 Pandemic Liberalized. As a result of the improving COVID-19 situation, as of Monday, May 2, 2022, many of Prudential’s underwriting restrictions related to the pandemic have been liberalized.
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.
Securian
- Premium Deposit Account Rate Change Effective May 1, 2022. Effective May 1, 2022, Securian has increased its Premium Deposit Account (PDA) interest rates by .25%. New rates will be reflected on the financial professional site and in the illustration system on May 1, 2022.
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.
Symetra
- Symetra’s “Term to Perm” and “Perm to Perm” Underwriting Programs. With Symetra’s External Term Conversion and Permanent Exchange Underwriting programs, clients can convert their external term policy or exchange their external permanent policy for a permanent Symetra life insurance policy. Review Symetra's External Term Conversion Program (PDF) and Permanent Exchange Underwriting Program (PDF) flyers for more details.
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.
Transamerica
- New Term Policy PDFs on TransAct. Agents and firm contacts can now view and download new term policy PDFs on TransAct. Term policy PDFs will be available for 90 days for cases mailed or eDelivered on or after April 27, 2022.
Need help with any of Transamerica's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
