We’re making more reductions, especially in the Preferred classes, which means more #1 pricing than any other carrier. These changes are effective today, January 12, 2022.

What’s Changed?

More reductions, especially in the Preferred classes, mean more #1 pricing than any other carrier.

Changes to level period premium rates include a mix of increases and decreases, across level term periods (10 – 40 years). Both annual and monthly rates are highly competitive.

Overview

Effective date: 1/12/2022

Plans: New rates for OPTerm 10, 15, 20, 25, 30, 35 and 40

Classes: All underwriting classes

Bands: All bands

Policy fee: No change

Modal Factor: No change

Compensation: No change

New Business Submission and Pending New Business

Traditional Paper Applications

  • New applications received in the home office by February 11, 2022, and applications currently pending will be issued with the most favorable premium for the insured.
  • Applications received February 12, 2022, and later will be issued with the new rates.

AppAssist

  • Formal applications received by February 11, 2022, will be issued with the most favorable premium for the insured.
  • In order for the policy to be eligible for prior rates, the drop ticket should be submitted with enough time for the interview to be completed and the application submitted by February 11, 2022.
  • New rates will apply to all completed interviews and subsequent formal applications received February 12, 2022, and later.

Digital Applications

  • Formal applications received by February 11, 2022, will be issued with the most favorable premium for the insured.
  • In order for the policy to be eligible for prior rates, the drop ticket should be submitted with enough time for the interview to be completed and the application submitted by February 11, 2022.
  • New rates will apply to all completed interviews and subsequent formal applications received February 12, 2022, and later.

 

Click here to view the Administrative Guidelines.

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 575, Littleton, CO 80120, 303-797-9080.

GBS Insurance and Financial Services, Inc. is not affiliated with The Leaders Group, Inc. You may check the background of investment professionals on FINRA Broker Check

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