Hindsight is 2020… Start the New Year Off Right with New Term Rates
We are saying CHEERS to a new year- and new Select-a-Term rates.
As of January 19, 2021, Select-a-Term gets even more competitive nationwide! As of January 19, 2021, there will be premium rate changes which will consist of a mix of increases and decreases with some cells being left unchanged.
Here’s how strong we are in our target cells ($250,000 and up):
Over 70% of the premiums rank in the top 3, and nearly half rank in the top 2*
We are especially strong for larger face amounts ($500,000 and up):
Among these cells, over half of the premiums, 53% rank number 1; 70% are in the top 2; and 84% are in the top 3*
With the new rates, there is a renewed emphasis on the 10-year duration at face amounts $250,000 and above:
Nearly one-third are in the top 2, and approaching half are in the top 3**
Did you know? You can add on the Accelerated Access Solution (AAS) when doing a term conversion.
*Comparison based on 15, 20, 25, 30-year term durations, male and female quinquennial ages 20-75, $250K, $500K and $1M face amounts in non-tobacco underwriting classes, against 15 leading competitors. 960 cells sampled on December 17, 2020; 640 cells samples for the larger face amounts ($500K and up).
**Comparison based on the 10-year duration, male and female quinquennial ages 20-75, $250K, $500K and $1M face amounts against 16 leading competitors. 456 cells sampled on December 17, 2020.