Effective June 16
Premium rates and maximum issue ages will be adjusted for our Return of Premium Term product.
Some key takeaways:
- Most, though not all, premium rates are increasing, primarily due to interest rate environment,
- To receive current rates, applications must be signed before June 16, and received by us by June 22,
- Larger face amounts and shorter term periods tend to have smaller increases,
- Maximum issue ages were decreased by five years on each of the products,
- ROP products are eligible for Rapid Review (subject to Rapid Review guidelines),
Updated rates and plan information will be available on June 16th at https://www.cinfin.com/term-rop-agent
- June 1, 2021
- Benkis Barrueta
- Carrier News, Life Insurance
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