As of May 4, 2020 all bands of Select-a-Term, our flagship product, just got even more competitive nationwide! Check out our new market leading premium rates and other great news.
Here’s how strong we are in our target cells ($250 000 – $500,000):
- Nationwide, nearly 65% of the premium rates rank in the top 3 and over 31% rank in the top 2
Here’s how strong we are in the higher band market ($500,000 and above):
- Nationwide, nearly 81% of the premium rates rank in the top 3 and over 45% of the premium rates rank in the top 2
Invaluable Flexibility
Select-a-Term offers a unique mix of flexibility and reach:
- Guaranteed level term coverage for 18 durations, including 10-year and 15 through 30 years and a 35-year term
- Select-a-Term remains convertible to the earlier of age 70 or the end of the level term period
- Extended conversion eligibility to the full suite of competitive AGL and US Life permanent products for the first 8 years for 10-year term durations, or the first 10 years for term durations of 15 years and greater
State Approvals
As of May 4, 2020, the new Select-a-Term rates are available in all states except NY, where the currently offered rates will remain available and unchanged.
Transition Rules
- Applications received in the Home Office before May 4, 2020, will automatically receive the old product rates unless the new product is specifically requested.
- Any requests to get the new product must be made prior to the policy being issued or conditionally issued.
- Applications received in the Home Office starting May 4, 2020, through May 31, 2020, will manually be given the product with the lowest rates prior to policy issue.
- Applications received in the Home Office June 1, 2020, and later will be automatically be given the new product rates.
- Reissue requests to new plan will NOT be honored.
- New applications submitted to replace existing inforce coverage with the new rates will not be honored within 90 days of the existing coverage going inforce.
Applications Received via AG Quick Ticket
- Applications received in the Home Office before May 4, 2020, will automatically receive the old product rates unless the new product is specifically requested.
- Any requests to get the new product must be made prior to the policy being issued or conditionally issued.
- Applications received in the Home Office starting May 4, 2020, through May 31, 2020, will manually be given the product with the lowest rates prior to policy issue.
- Applications received in the Home Office June 1, 2020, and later will be automatically be given the new product rates.
- New applications submitted to replace existing inforce coverage with the new rates will not be honored within 90 days of the existing coverage going inforce