Securian – Interest-related policy changes coming in August
- April 14, 2021
- Carrier News, Life Insurance
From Securian
The ongoing low-interest-rate environment makes it necessary to effect changes that will impact inforce Indexed Universal Life (IUL) and Variable Universal Life (VUL) policyholders.
Effective August 1, 2021, the following changes will be made:
- Index Credit Bonus – Indexed UL policies issued in 2019 and prior
These policies have an index credit bonus in policy years 11+ that is reduced by 10% from current levels. The applicable products are: Eclipse IUL, Eclipse Protector IUL, Eclipse Survivor IUL, Eclipse Survivor Pro IUL, Omega Builder IUL & Orion IUL. - Income Protection Agreement (IPA) and Income Protection Flex Agreement (IPA Flex)
The interest rate associated with these agreements is being modified from a single rate for all installment periods to a rate that varies based upon the duration of installment period chosen by the policyholder. The applicable interest rate in all instances will be less than the current interest rate associated with these agreements. Please note that we will be sending communication to policyholders who have IPA or IPA Flex with their policy. These letters will be mailed starting later this month and continue over the balance of the quarter.
Please click here for additional information on these changes.
- April 14, 2021
- Benkis Barrueta
- Carrier News, Life Insurance
NFG Brokerage
We are a National Brokerage General Agency helping our Distribution Partners achieve great results.
Request a free quote
Our Team is ready to help. Click the button below and be sure to include the details of your quote...we will be back with you As Soon As Possible.
Subscribe to our newsletter!
There is no form with title: "SEOWP: MailChimp Subscribe Form – Vertical". Select a new form title if you rename it.
More from our blog
See all posts
Effective January 15, 2022 Nationwide is committed to carefully managing their…
From John Hancock Focusing on LTC Planning While November holds a…
Introducing Smart Builder IUL 2 North American is pleased to announce…
Effective today, November 17, 2021. Securian is resuming sales of SecureCare…
The SECURE Act of 2020 and the RMD Puzzle Many clients don’t…
As we approach the end of the year, please keep in…
From SBLI COVID-19 UPDATES Effective immediately, SBLI has revised its temporary…
Rates are increasing for the products below effective November 7, 2021! Purchase payments received on…
No Comments
Recent Posts
- Nationwide – Indexed Universal Life and Variable Universal Life Cap Rate Changes December 2, 2021
- John Hancock – LTC Planning November 22, 2021
- North American – Smart Builder IUL 2; 7702 Policy Impacts November 18, 2021
All Website Tags
AIG
Allianz
American General
American National
ANICO
Annuity
Annuity Rates
Athene
Best Interest Standard
bonus
Columbus Life
COVID-19
Equitable
FIA
Fixed-Indexed Annuity
Global Atlantic
Great American
John Hancock
Lincoln
Multi-Year Guaranteed Annuity
Mutual of Omaha
MYGA
NAIC
Nationwide
New York Life
NFG Brokerage
North American
Oceanview
OneAmerica
Oxford
Pacific Life
PacLife
Principal
Product Announcement
Protective
Prudential
Rate Decrease
Rate Increase
Rate Update
Sagicor
SBLI
Securian
Suitability
Symetra
Year-End Deadlines