Posted by Jessica Wilson on Mon, Dec 19, 2011 @ 11:03 AM

As of November 21, 2011, Lincoln Benefit Life has reduced rates for their TrueTerm product, making it a more competitive solution in their life portfolio. The rate changes will reduce rates in select cells up to 20%, with typical rate reductions in the range of 5-15%. (Please note: Not all rates changed, but there will be no rate increases.)

Here are the key facts to note:

• Decreases were implemented for 10, 15, and 20-year guarantee periods
• Decreases focus on the $1 - $4.9 million band
• Rate decreases are for males and females, ages 45–65, Standard Select & Standard Non-Tobacco. For select ages, Preferred will also be reduced

TrueTerm policies issued before November 21, 2011, with an application dated prior to October 21, 2011, must follow regular replacement rules in order to receive the new rates.

Posted by Jessica Wilson on Mon, Sep 12, 2011 @ 11:39 AM

Join Provada and Metlife on Thursday, September 15 at 10:30am PST to learn more how you can take advantage of the Rapid eUnderwriting process to capture more business in the middle market. This week's webinar will feature discussion on:

• How rapid eUnderwriting is different than traditional underwriting.
• The 3 simplified steps that make the process more efficient for you and your client.
• Guidelines for qualification as well as specific restrictions and available enhancements.

Thursday September 15, 2011 -- 10:30am PST

Register for this week's webinar!

Add this webinar to your calendar

Posted by Bob Burton on Tue, Aug 30, 2011 @ 01:42 PM

Life insurance is typically one of the most important assets owned within a family or a business, and how the proceeds are distributed at the insured’s death is an essential and integral part of the family’s estate planning and/or the business’s business planning.  The many tax benefits of life insurance are also key to its effectiveness in all situations.

Yet too little attention is often paid to the proper policy ownership provisions and beneficiary designations.  This can lead to a variety of serious problems, ranging from the wrong people getting the proceeds, children being too young to manage the proceeds for themselves, loss of tax benefits, unwanted tax consequences, or other unexpected adverse results.

In order to help our agents avoid all those problems, we have prepared a comprehensive “Ownership and Beneficiary Guide” that is available upon request to me at bob@provada.com.  We will also be publishing each section of the Guide in subsequent blog posts over the next few weeks, the first section to be posted later this week.

We hope you find this Ownership and Beneficiary Guide to be helpful to all of you as you grow your businesses.

Bob Burton LLB CLU ChFC AEP, Director of Advanced Planning - 415-369-9990, x116 - bob@provada.com