What’s Changed?
More reductions, especially in the non-tobacco 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, 15, 20, 25, 30, 35 and 40 years). Both annual and monthly rates are highly competitive.
Overview
Effective date: 3/11/2022
Plans: New rates for OPTerm 10, 15, 20, 25, 30, 35 and 40
Classes: Non-tobacco 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 April 10, 2022, and applications currently pending will be issued with the most favorable premium for the insured.
- Applications received April 11, 2022, and later will be issued with the new rates.
AppAssist
- Formal applications received by April 10, 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 April 10, 2022.
- New rates will apply to all completed interviews and subsequent formal applications received April 11, 2022, and later.
Digital Applications
- Formal applications received by April 10, 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 April 10, 2022.
- New rates will apply to all completed interviews and subsequent formal applications received April 11, 2022, and later.