September 2024 Industry News and Updates
SecureCare™ III, Part 2 Application Available Online!
Our LTC and nonparticipating whole life insurance policy, now offers the underwriting questionnaire (part 2 of the application) online! No more waiting to schedule the tele-interview or spending 1+ hours on the phone. Clients can now complete part 2 of the application in their own time. The agent simply needs to invite the client to collaborate with them on the application, and they’ll receive an email with a link to complete the questionnaire.
Lincoln, 9/16/24 Underwriting Enhancements:
We are excited to announce new updated versions of the Part II and LTC Supplement in all states, except California.
Part II and LTC Supplement
These enhancements will improve the client’s personal history interview experience across all application media (electronic, telephone, paper).
• Improved clarity of questions to reduce completion errors
• Redesigned format, which gathers more details from the client up-front
• Increased efficiencies to complement our Real-Time Approval process for eligible applicants
EquiTrust, Annuity Tax Sales Idea
Learn how to help clients turn taxable gains into tax-free long-term care benefits by transferring a non-qualified annuity into Bridge. What if you could provide clients who plan to manage LTC expenses with funds from a taxable annuity a way to “flip the switch”? Flipping a $100,000 Non-Qualified (NQ) annuity using a 1035 exchange into Bridge can immediately provide them with access to more than $200,000 of income-tax-free LTC benefits.
Securian Financial, 9/6/24, Chronic Illness Rider in CA
The Accelerated Death Benefit for Chronic illness Agreement (ADB-CIA) and the Chronic Illness Conversion Agreement (CICA) are now available in California. These agreements can help protect your clients’ lifestyles, finances, and loved ones if they become chronically ill.