Interest Rate/Cap Changes to Protective Income Builder Effective 11/17/20

New business signed by November 16 or earlier, with application and check or application and transfer/exchange paperwork received within 14 calendar days of sign date, can qualify for the higher rates. Business submitted with our transfer/exchange form gets 60 days from sign date for funds to be received.

**If client-initiated, include Page 1 of our transfer/exchange form (no signature needed) with the Client Initiated box checked – we must have information to track the 60 days.

**For cases with both cash (check) and transfer/exchange premium, the cash portion of the premium must be received within 14 calendar days of the sign date – do not wait to send the cash portion.

• Protective Income Builder less than $100k– Fixed down 10 bps, Point to Point Cap down 35 bps, Rate Cap for Term down 35 bps, Trigger down 20bps, Citi Index Participation Rate down 2%
• Protective Income Builder $100k or more – Fixed down 10 bps, Point to Point Cap down 35 bps, Rate Cap for Term down 35 bps, Trigger down 20bps, Citi Index Participation Rate down 10%