Updated Whole Life Rates Effective 12/01/21

Due to the change in non-forfeiture rates, Signature Whole Life premium rates will be increasing. Despite this increase, competitive positioning should remain intact. 

Signature Whole Life

To receive current rates:

• Electronic applications must be signed and submitted on or before 11/30/21 and issued/paid by 12/31/21.
   
• Paper applications must be signed on or before 11/30/21 and issued/paid by 12/31/21.

If application is dated 12/1/21 or later the client will receive the new rates. 

 Limited Pay Whole Life (for Pensions & Montana)

To receive current rates:

• Electronic applications must be signed and submitted on or before 11/30/21 and issued/paid by 12/31/21.
   
• Paper applications must be signed on or before 11/30/21 and issued/paid by 12/31/21.

After 11/30/21 there will be no LPWL available until 1/1/22.

If the application isn’t paid by 12/31/21 the client will need to sign a new application on or after 1/1/22 and will receive the new rates. (LPWL will not be available to sell during December.)

• Policies cannot be back dated.
   
• For policies with 1035 Exchange funds: Policy must be issued, and the first premium paid by 12/31/2021, then additional 1035 funds can be applied after 12/31/2021.
   
• Franchise billing is allowed, only if the first premium is paid on or before 12/31/2021.