Principal Financial UL Protector IV premium rates will increase May 20, 2013. Pricing will vary by case. In general, the re-price will impact single pay scenarios the most. Continuous and short pay scenarios will be impacted to a lesser extent. On average, premium rates will increase as follows:
- Single pay scenarios: 10%
- Continuous and short pay scenarios: 2-3%
Commission and Compensation Change to
Freedom Index Universal Life IISM and Freedom Global IUL IISM Products
Transamerica Life Insurance Company (TLIC) is changing the commission and other compensation on its Freedom Index Universal Life IISM and Freedom Global IUL IISM life insurance products sold through the Transamerica Brokerage BGA distribution system.
This change will be effective April 11, 2013, and will apply to applications for Transamerica’s Freedom Index Universal Life II and Freedom Global IUL II policies received in Transamerica’s Cedar Rapids administrative offices on or after April 11, 2013.
To be eligible for the previous compensation structure, applications for the Freedom Index Universal Life II and Freedom Global IUL II policies must be received in good order in Transamerica’s Cedar Rapids Administrative Office by the close of business on Wednesday, April 10, 2013.
Click here for the official announcement from TransAmerica.
OPTerm rates have improved across nearly all rating classes and face amounts, including term riders effective April 11, 2013.
Click here for details and price comparison sheets.