May 2024 Carrier Updates

May 2024 Carrier Updates

Last Updated: May 16

In addition to the carrier updates below, you may also be interested in:

Carriers with updates below:

American National
Corebridge
Equitable
John Hancock
Legal & General
Lincoln
MassMutual
Met Life
Mutual of Omaha
Nationwide
North American
OneAmerica
Pacific Life
Principal
Protective
Securian
Security Mutual Life
Symetra

American National

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.

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Corebridge

  • Important Email Update. Please note that all Corebridge email addresses have been updated. Any emails to Corebridge must be sent to addresses that end with “@corebridgefinancial.com.” Please review and update email addresses you may have on file as needed, and check with your Corebridge contact if you have questions about an address.

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.

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Equitable

  • New Investment Options for Equitable VULs. Effective May 13, Equitable has made changes to its fund lineup for new business and inforce policies of all currently sold Variable Universal Life (VUL) products. We’ve expanded our suite of low-cost index portfolios, so you can offer your clients an even broader range of strategies that can be used to build allocation models using only the index portfolios. Newly added and effective today: *EQ/Intermediate Corporate Bond *EQ/Long-Term Bond. Please see link for details.

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.

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John Hancock

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.

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Legal & General

  • Webinar: Hexure + LGA: A Simplified, Accelerated Quote-to-Apply Experience. Join Hexure for a live webinar on the collaboration between Hexure and Legal & General America. Discover how this relationship is set to transform term life insurance sales, making it easier, faster and more efficient for your advisors and clients to navigate the insurance purchase journey. Webinar takes place on Tuesday, May 21 at 2 pm ET | 11 am PT.
  • Important Change Alert — IP Address Change. Legal & General is relocating their web applications to the cloud. Some users may need to update security settings to continue accessing their sites. Please see link for details.

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.

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Lincoln

  • Fixed Annuities – Rate lock hold increases from 7 to 10 days. Effective May 13, 2024, we’re increasing the amount of time, from 7 to day 10 days, to receive the electronic or paper application, whichever is applicable, from the date it is submitted or signed. This will give clients more time to lock in the higher rate for their fixed or fixed indexed annuity. Please see link for details.
  • New indexed account option added to Lincoln FlexAdvantage® indexed account line-up. Effective for contracts issued on or after May 20, 2024 Lincoln is pleased to announce that we’re adding the 1 Year S&P 500 10% Daily Risk Control Trigger account option to new Lincoln FlexAdvantage® contracts, which will give clients growth potential in an up or flat market. Lincoln’s forms and electronic submission platforms will be updated with the index changes on May 20, 2024. Please see link for details.
  • Now Available – Lincoln MoneyGuard Market Advantage® (2024). Effective May 13, 2024, Lincoln is pleased to launch Lincoln MoneyGuard Market Advantage® (2024), our newest variable linked-benefit solution in the Lincoln MoneyGuard® portfolio, subject to state, SEC, and firm approvals. Product enhancements include introducing a receipt-free indemnity choice that can be elected at time of first claim. Please see link for details.
  • Lincoln Variable Universal Life and MoneyGuard Market Advantage® – Investment Option Updates. Effective May 1 2024, subaccounts investing in the following funds are being added to currently sold variable universal life policies: Lincoln AssetEdge® (2022), Lincoln VULONE (2021), and Lincoln SVULONE (2021). Please see link for details.
  • Now Available: Model Portfolio Options for Lincoln AssetEdge® VUL (2022). Effective May 13, 2024, Lincoln is adding model portfolio options to its Lincoln AssetEdge® Variable Universal Life Insurance product as a simpler alternative to selecting individual funds. These asset allocation model portfolios utilize passively managed funds to provide a low cost and a well-diversified model solution. Model Portfolios offer applicants simple “check-the-box” options to create a portfolio that meets their specific needs and objectives. Please see link for details.
  • Online Electronic Funds Transfer (EFT) Experience For Inforce Policyholders. Starting April 29, 2024, a new online Electronic Funds Transfer (EFT) experience will be available for policy owners, which was previously only available in paper form. This new feature enables all established life insurance policy owners, including Lincoln MoneyGuard®, to enroll in Electronic Fund Transfer (EFT) or update an existing EFT enrollment with just a few clicks. Clients no longer need to print, fax, or mail the form — making the process convenient and hassle-free! Please 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.

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MassMutual

  • MassMutual System Outage Over Memorial Day Weekend to Complete System Upgrade. Due to a scheduled platform upgrade at MassMutual over Memorial Day weekend, new cases should not be started or submitted in iGO for MassMutual products between Saturday, May 25, starting at 5 pm ET through Monday, May 27, 5 pm ET. Any cases started during this time may encounter unexpected credentialing errors. See link for details.
  • MassMutual to Use Only Examiners Contracted with APPS, ExamOne. As of May 23, MassMutual will only allow exams from those examiners who are contracted with APPS and ExamOne. The use of examiners who are not contracted directly with ExamOne or an ExamOne affiliate office are no longer permissible. 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.

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Met Life

  • Interest Crediting Rate Changes. The interest crediting rate will change for certain Life Insurance products effective May 1, 2024. Please see link for details.

Need help with any of Met Life's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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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. Please see link for details.
  • Living Promise WL Product Video. Learn more about the Living Promise Whole Life Insurance product. Click link to watch the video.
  • Long-Term Care Insurance Product Updates, Effective June 3, 2024. Effective June 3, 2024, the Maximum Monthly Benefit will increase from $10,000 to $15,000 on our MutualCare Solutions long-term care products! This will allow clients access to additional benefits if needed and provide a greater sense of security if a long-term care event occurs. Monthly benefit amounts range from $1,500 to $15,000 per month with this new increase*. The total Maximum Monthly Benefit, including long-term care coverage from other companies, will also increase to $15,000. Please 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.

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Nationwide

  • Webinar: What’s Next in State Mandated LTC Programs?. The passage and implementation of the WA Cares Fund has resulted in other states studying options and considering how they want to address the problem of funding long-term care in their state – and lighten the load on the Medicaid. Will these states create similar programs like Washington State, or go a different direction? And will other states allow residents who already own long-term care insurance to opt out of the program? Join Shawn Britt of Nationwide to hear the latest on other states that are considering a mandatory program, and how to have a relevant LTC planning conversation with your clients. There will be time for Q&A at the end. This webinar is open to producers. This webinar will NOT recorded. Webinar takes place on Wednesday, May 29 at 2 pm ET | 11 am PT.
  • Nationwide Wellness Credits Program Helps Get Your Clients a Competitive Offer. Through Nationwide's wellness credits, clients who maintain a healthy lifestyle have the potential to be upgraded to a better underwriting offer and price. Please see link for details.
  • Whitepaper: Split Dollar Arrangements as an Employee Benefit.In this whitepaper, V. Gail Brannock, JD, CPA, NQPA, Technical Director of Nationwide’s Advanced Consulting Group, discusses the basics of split-dollar arrangements and how they may help your clients provide an additional benefit to their employees. Please see link for details.

Need help with any of Nationwide's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.

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North American

  • Webinar: Your Guide to Business Valuations & Buy-Sell Case Design. Join North American for an exclusive webinar co-presented by Marshall & Stevens. Learn how business valuations can be a catalyst to drive activity and serve as an indispensable tool in financial underwriting. Marshall & Stevens will share the nuances of: *The importance of a business valuation *The driving forces behind calculating the value of a company *How adding a calculation to your toolbox can help enhance your sales strategy. This event will conclude with a case study of a buy-sell agreement funded with life insurance showing these principles in action. Webinar takes place on Thursday, May 16 at 2 pm ET / 11 am PT.
  • Webinar: Smart Money Sales Concept – The Missing Piece. Are you searching for the missing piece in your financial puzzle? Smart Money is money your clients want to control and be able to access during times of need. While there are several options for where to keep this smart money, one option to consider is indexed universal life insurance. Join North American for a webinar to learn how to help your clients make their smart money even smarter! Webinar takes place on Friday, May 22 at 2:30 pm ET / 11:30 am PT.
  • Introducing Smart Builder IUL 3. We will be introducing a new version of our Smart Builder indexed universal life (IUL) insurance product. When your client needs death benefit protection, this product also offers the potential for early cash value build up. We’ve updated certain features and capabilities, so it remains a great option for your clients. Smart Builder® IUL 3 highlights include no premium load, stronger early cash value performance, and liquidity. Please see link for details.

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.

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OneAmerica Financial

  • Annuity Care: Up to $1M Base Only with Instant Underwriting Decision. OneAmerica has made changes to both Annuity Care and Indexed Annuity Care products, effective immediately.
    • Lightning-fast underwriting decisions with premiums soaring up to $1 million (previously $500,000) on base-only sales.
    • Clients can now secure instant approval by answering just a few short questions.
    • Earn commission on the full premium (up to $1M)!

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.

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Pacific Life

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.

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Principal

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.

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Protective

  • A Larger Legacy and Chronic Illness Protection. A life insurance policy can do more than just provide a legacy for clients’ loved ones — it can also offer chronic illness protection. People are living longer than ever, which can increase the likelihood of developing a chronic condition requiring long-term care. Updating a client’s policy with a chronic illness rider can add more security to their plans. See how switching to Protective Indexed Choice UL with the ExtendCare Rider optional benefit can:
    • Help a client maintain lifetime coverage
    • Potentially increase cash value accumulation
    • Provide a monthly chronic illness benefit

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.

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Securian

  • Webinar: Creating Tax-Advantaged Dollars for LTC with SecureCare III. Join us for a webinar Tuesday, May 21 to discover the good — better — best scenarios of SecureCare III’s potential tax advantages: *When an individual may be able to deduct a portion of their premium *How clients can use a health savings account to help fund LTC needs. What business owners stand to gain from SecureCare III’s premium structure — and how list bill makes this easier. Webinar takes place on Tuesday, May 21 at 2 p ET | 11 am PT.
  • WriteFit Changes Taking Effect June 1, 2024. Effective June 1, 2024, Securian Financial is making some changes to our WriteFit Underwriting™ program that will help improve the customer experience, increase efficiency and simplify underwriting requirements. These changes will also impact our eApp requirements and support the transition to a more digital application process. Please see link for details.
  • Webinar: Pre-Fund Retirement Taxes. Taxes on retirement distributions can be one of your clients’ largest expenses. The Pre-funding Retirement Taxes strategy can help producers show clients how to use the cash value from a well-funded life insurance policy to pay the taxes on their retirement distributions later in life. Join the Securian Financial Advanced Sales Team to learn the strategy that may help your clients lower their taxes. Webinar takes place on Thursday, May 16 at 2 p 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.

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Security Mutual Life

  • Webinar: The Social Security Trust Fund Annual Report: Should We Be Worried?. Many Americans get the bulk of their retirement income from Social Security, and the release of the Trust Fund Annual Report has become a spring ritual. Around this time every year there is a flurry of media coverage when the report is released. Will Social Security still be there? Is it going broke? Are we going to have to live on less money? Your clients are hearing all this. Understanding a few important concepts can help you deal with the concerns they may have. Webinar takes place on Wednesday, May 22 at 11 am ET | 8 am PT.
  • Webinar: How to Choose the Executive Benefit Plan and Combining Multiple Business Planning Strategies. In this webinar, Victor will discuss the factors to consider when deciding to use one type of executive benefit plan (i.e., executive bonus, deferred compensation, etc.) over another. He’ll then take a closer look at nonqualified deferred compensation (NQDC) plans and focus on the factors to consider when choosing one type of NQDC plan over another variation. Finally, Victor will discuss when to combine particular executive benefits with other business planning strategies such as business succession or key person coverage. Webinar takes place on Wednesday, May 8 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.

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Symetra

  • Cancer Care Compass Empowering Clients to be Proactive About Their Health and Their Futures. Symetra’s Cancer Care Compass is a first-of-its-kind rider package offering a unique combination of cancer care benefits and services that can help clients live longer and healthier lives, including:
    • The Galleri multi-cancer early-detection test
    • Health advocacy services
    • Nutrition intervention, guidance, and support
    • A cash benefit
  • Accumulator Ascent IUL - Competitive Analysis. When your clients are looking for life insurance coverage and a tax-deferred, risk-averse way to help with future income needs, consider Accumulator Ascent IUL a top pick. Accumulator Ascent offers several straightforward index crediting strategies focused on strong long-term cash value growth potential — with generally income-tax free policy distributions. See how our S&P 500 Index Core Strategy and lower policy charges can help your clients’ money grow. Please see link for 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.

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