Effective February 21, 2023, Select-a-Term is repriced in all states, including New York. In all states except New York, well over 90% of cells have lower premiums with an average rate reduction of nearly 2%. In New York, more than 80% of cells have lower premiums with an average reduction just over 4%.

Nationally, the lower rate trend can be seen across all bands. And face amounts $500,000+ are now even more competitive!

Low monthly modal factor
Nationwide, our low AGL monthly modal factor remains 8.45% and continues to put Select-a-Term among the top-term products in the market today.

Face amounts $500,000+ are now even more competitive

  • Top 2 ranking in 89% of the monthly premium cases

Agile Underwriting+

  • Fast: Opportunity to avoid the paramed and receive the offer 24 hours after the interview
  • Clear: Improved detail on underwriting offer explanations
  • Simple: Optional Agent completed Part B within iGO full eApp. Receive decision 48 hours after submission.
  • Reliable: Increased underwriting offers as applied for

Rated case advantage

  • Select-a-Term continues to offer some of the very lowest premiums

Transition Rules

AG Quick Ticket & Paper applications

  • New product rates will be available effective February 21, 2023
  • Applications received in the Home Office prior to March 20, 2023, will manually be given the product with the lowest rates prior to policy issue
  • This does NOT apply to previously issued or conditionally issued policies
  • Applications received in the Home Office March 20, 2023, and later will 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

iGO full eApp

  • New product rates will be available effective February 18, 2023
  •  Applications received in the Home Office prior to March 20, 2023, will manually be given the product with the lowest rates prior to policy issue
  • This does NOT apply to previously issued or conditionally issued policies
  • Applications received in the Home Office March 20, 2023, and later will 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

 

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