Protective Life Rate Changes Effective August 18, 2014

Effective August 18, 2014, Protective Life will lower rates for initial level benefit periods of 10-30 years at face amounts of $500,000 and up. Our latest rate changes competitively position Protective Custom Choice UL to help you offer greater value at higher face amounts.

*Changes apply to Select Preferred, Preferred and Non-tobacco classes only.

We will automatically apply any decrease in rates on policies issued for Protective Custom Choice UL (10-30) beginning August 18, 2014. The following transition rules will apply for paper applications and electronic submissions. 

Transition Rules

>    The new Protective Custom Choice UL (10-30) rates will be available on August 18, 2014,
      for quoting, submitting applications and issuing policies in all states that are currently
      approved for the product.

>    Submissions via TeleLife or direct writers on or before August 18, 2014, and applications
      received no later than September 19, 2014, will receive the lowest rates available for
      Protective Custom Choice UL (10-30). Applications received after September 19, 2014,
      (regardless of signed date) will be processed with the new Protective Custom Choice UL
      (10-30) rates.
>    Paper Applications will be eligible for old rates, provided they are signed on or before
      August 18, 2014, and received no later than September 1, 2014. To ensure the customer receives
      the best rate possible, the lowest rates available will be automatically applied. Applications
      signed after August 18, 2014, and applications received after September 1, 2014,
      (regardless of signed date) will be processed with the new Protective Custom Choice UL
      (10-30) rates.

Metlife Reduces Term Rates

Please note that Metlife has announced significantly reduced term rates effective Monday, August 11th, 2014.

The reductions were made in the following areas:

1.     10, 15 and 20 year durations.

2.     Issue ages 18-64.

3.     All non-smoker risk classes.

4.     $250,000 of death benefit and above.

5.     All 50 states and DC.


All other product features, components and benefits remain unchanged.   

Click below for the full information.

Reduced Rate Facts  


Our quote engines are now updated so please call us for updated spreadsheets.


Genworth Conversion product changes

Genworth announced that they are removing their GENGUARD GUL product for conversion purposes.  They will offer a current assumption product ( the Life Ready UL II ) for all future conversions.

September 2nd will be the last date to submit conversions using the Genguard GUL. Applications must be received by end of business day Sept 2nd. 

Submit any Genworth conversions you have as soon as possible.  

Click here for more information.

ING introduces Orange Pass Non-Medical Underwriting for IUL Product

ING introduces "Orange Pass", a non-medical underwriting and fulfillment process for ING IUL-Protector applications.

  • No blood and urine*
  • No paramed*
  • Shorter Application

Click HERE for more information


* see ING sheet for more information

SBLI Summer Bonus Program

SBLI's cash for cases Bonus program.  You can earn $500 or MORE in cash- up to $1000 total per agent!

Click here for more information!  Start submitting SBLI cases today.

North American Announces Lower Term Rates

Effective June 10, 2014, North Americanbrings ADDvantage Term Product (Generation 7) with improved term rates for 10, 15, 20 and 30 year term plans.

Quote today!

Fidelity Life is retiring Rapid Decision Mortgage Term product effective June 23rd, 2014

  • All Rapid Decision Mortgage Term applications need to be signed and submitted before Monday, June 23rd.  New Business will not accept nor process any applications received thereafter.

Banner Life Rate Change

Effective March 31, 2014, Banner Life has changed their Term rates.  You can quote the new rates today on our quote engine.

If you have any questions, please contact Best Agency USA today.

Drop Ticket Required for Genworth Term App $250,000 and below

The Genworth Financial companies are committed to making term life insurance solutions more efficient.  Our industry-leading Life Quick Request (LQR) fulfillment platform makes sales simpler and results in better placement rates.  Using LQR technology is faster, much more efficient and ultimately reduces cycle time by up to 50% and increases placement rates by up to 8%.

In keeping with this strategy, effective April 7, 2014, Colony Term applications with face amounts of $250,000 or below that are eligible for Life Quick Request, must be submitted through LQR, iLQR through iPipeline, or Aplifi AFFIRM for Life to be Commissionable.

Please click here for the bulletin


Term Life Policy Fee Information

Small premium Term case? Make sure you get paid on the policy fee!

If you sell a carrier with a "non-commissionable policy fee, YOU TAKE A HUGE COMMISSION HIT.

 For your smaller Term cases consider these carriers.

American General Life- $249,999 and under face amount policy fee $74 is commissionable

ING- $199,999 and under face amount policy fee $68 is commissionable

Protective- No policy fee, entire premium (up to target) is commissionable


No Blood or Urine Companies

Assurity Life- Non Med 350 product has a $ 70 commissionable policy fee

Fidelity Life- $85 policy fee is commissionable


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