It’s January, which means rate changes. Seems it happens every year. Sorry to say.
Premiums are going up on the SGUL. This product has been extremely competitive for a long time. It will continue to be, as it has been, a good option for older ages, full pay premium designs. But please consider SVUL One, as an alternative, in any scenario where you need guarantees, and the producer is licensed for variable.
So, if you have 1) informals in house or 2) perhaps are in case design/planning phase, we may want to talk. We can run numbers for you to get an idea of the new premium over the next few weeks. Just forward the working illustration. We cannot provide illustrations, just numbers
Transition Guidelines For approved states, there will be a transition period that begins February 13, 2017 and ends March 17, 2017. Any states not available at rollout will have a 30-day transition period from the date they become available.
- Formal applications signed, dated and received in good order in Lincoln’s home office on or before March 17, 2017 will receive the prior Lincoln LifeGuarantee® SUL (2013) pricing.
Of course, please let us know if you have questions or want to discuss.
Lincoln Financial Distributors, Inc.
Life Insurance and Executive Benefits Distribution- Brokerage