We’re excited to announce the launch of the new, extended guarantee BrightLife Protect! It’s a powerful combination of a new, simple no-lapse guarantee and our competitive long-term care rider – giving your clients the ability to live more today, keep more of what they earn and potentially build more cash value they can actually use.

NEW! Guaranteed coverage to age 90

No guesswork or calculations are needed. Instead, your clients get a simple, “no-math” guarantee for level pay premiums they can rely on.1

Add flexibility with long-term care protection

Our Long-Term Care Services Rider is one of the most competitive in the industry!2

Cash value they can actually use

Your clients get potential growth tied to a market index up to a cap, with downside protection and the advantage of tax-deferral.

One of the most cost-effective protection policies available

BrightLife Protect provides a death benefit for one of the lowest projected costs in the industry.

 

What’s New:

The No Lapse Guarantee (NLG) on BrightLife Protect, Series 155 has been extended to the lesser of 40 years or attained age 90 provided sufficient guarantee premiums are paid. All other product features remain the same.

Implementation:

  • BrightLife Protect S155, applications with an application signed date as of January 1, 2017 or later will automatically issue with the extended NLG duration.
  • WinFlex Web will illustrate the new extended NLG starting today, January 23, 2017.

 

Transition Rules

BrightLife Protect, Series 155, applications signed on or after January 1, 2017 will automatically issue with the extended NLG.

BrightLife Protect, Series 155, applications signed prior to January 1, 2017 that are pending, in-delivery period or within the free-look period as of January 1 or later may receive the extended NLG benefit, subject to the transition rules outlined below:

Procedures for pending underwriting approval BrightLife Protect, Series 155 applications as of January 23 in all jurisdictions:

  • In order for a pending policy to be issued as BrightLife Protect, Series 155, with the extended NLG duration, the following are required:
    • A new illustration for BrightLife Protect, Series 155
    • A new application for BrightLife Protect, Series 155
    • The following language should be included in the Remarks section of the application:

“This application is to replace a previously submitted BrightLife Protect Series 155 application (policy #xxx-xxx-xxx), in order to receive the extended NLG benefit communicated on January 23, 2017.“

Procedures for BrightLife Protect, Series 155 policies that are Underwriter Approved and not in force (Full commissions not paid) and still within the delivery period:

  • In order for an unpaid policy to be issued as BrightLife Protect, Series 155, with the extended NLG duration, the following are required:
    • A new illustration for BrightLife Protect, Series 155
    • A new application for BrightLife Protect, Series 155
    • The following language should be included in the Remarks section of the application:

“This application is to replace a previously submitted BrightLife Protect Series 155 application (policy #xxx-xxx-xxx), in order to receive the extended NLG benefit communicated on January 23, 2017.“

Procedures for BrightLife Protect, Series 155 policies that are in force (full commission has been paid) and still within the delivery period or within the free-look period as of January 1, 2017 or later:

  • In order for a policy to be issued as BrightLife Protect, Series 155, with the extended NLG, the following documents are required to be received by the NOC:
    • The original BrightLife Protect, Series 155, policy
    • A Notification of Non-acceptance of Policy form
    • A new illustration for BrightLife Protect, Series 155
    • A new application for BrightLife Protect, Series 155
    • The following language should be included in the Remarks section of the application:

“Issue a BrightLife Protect, Series 155 with the extended NLG benefit, NTO the original policy #xxx-xxx-xxx.”

Click here for more information

 

1 Coverage is guaranteed to the lesser of 40 years or to age 90, as long as the required guarantee premium is paid.

2 The Long-Term Care Services Rider does have an additional cost and is subject to restrictions and limitations. Clients may qualify for life insurance, but not for the Long-Term Care Services Rider.

Corporate Headquarters:
604 Harper Avenue, Jenkintown, PA 19046 | P: 800.543.5555 / 215.517.4080 | F: 800.343.0804 / 215.517.4087

Miami Office:
3470 NW 82nd Avenue, Suite #670, Doral, FL 33122 | P: 800.683.3077 / 305.908.6700 | F: 800.343.0804

Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303-797-9080.

BrokerCheck

Premier Brokerage Services is not affiliated with The Leaders Group, Inc.

Copyright @2020 Premier Brokerage Services Inc.