PL Promise GUL and PL Promise Conversion UL have been repriced and now offer the following enhancements in Washington, D.C., beginning October 16, 2023.
Greater commissionable target premiums (now in top 3 among competitors)
Higher return of premium feature (for policies over $250K face amounts)
Larger PL Promise GUL maximum face amount (to $20M to age 71)
Higher Return of Premium Feature
Additionally, we’ve improved the return of premium feature for both products by further enhancing the no-cost Enhanced Surrender Value Rider (ESVR)5 for higher face amounts ($250K+) for all ages. The policy may be surrendered within 60 days of certain policy anniversaries for the enhanced surrender values below:
The return of premium feature is not available on face amounts under $50,000. This feature is included at no additional charge in policies with death benefits of $50,000+ and no-lapse guarantees to at least age 100 (or 30 years for issue ages 70 and above).
Transition Guidelines We’re providing a 60-day transition period. Cases issued through 12/14/23 automatically receive the better of the old and new rates. No request is necessary. Cases issued after the 12/14/23 cutoff date will receive the new rates.
With NFG Brokerage, you no longer need to depend on a one size fits all approach. We work hard for you to create customized insurance strategies to help you deliver the most affective solutions to your clients. Your success is our success...don't delay!
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