Effective May 22, 2023, Select-a-Term is repriced in all states except New York. These days, it seems like prices are going up everywhere: except for our term products.
• Pricing: There are no premium increases, and roughly 30% of cells have lower premiums with an average decrease of roughly 1.5%.
• Low monthly modal factor remains at 8.45% and continues to put Select-a-Term among the top term products in the market today.
• Faster decisions: Agile Underwriting+ provides the opportunity to avoid the paramed and receive the offer 24 hours after the interview.
• Rated case advantage: Select-a-Term continues to offer some of the very lowest premiums for rated cases leveraging Special Class.
- May 24, 2023
- Benkis Barrueta
- Carrier News, Life Insurance, Rate Change, Rates
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