Major Improvements to Signature Performance Indexed UL Coming 04/03/23
We are excited to announce big improvements to the industry-leading Signature Performance Indexed UL product, that will take effect on 04/03/23:
- Increased income
- New 25 bps Interest Bonus added to all interest crediting strategies
- CVAT now available
- No-Lapse and Surrender Charge periods extended from 10 to 15 years
- Targets increasing 20%
Please Note: No change in California. CA producers will continue to use the current product (IUL19) until otherwise communicated. Expert App and illustrations will reflect correctly by state.
On 04/03/23 we will also be increasing premium rates for the Signature Guaranteed UL product:
- Average premium increase of 6%
- No other changes to features or riders
- Remains one of the most competitively priced and feature rich Guaranteed UL products in the market
Administrative Details on Expiring Versions for Both Products
| Application Date | Application Received & Processed Date | Client Will Receive | ||
|---|---|---|---|---|
| Before 04/03/23 | & | Before 04/03/23 | ▶ | Pre 04/03/23 Pricing |
| Before 04/03/23 | & | On or After 04/03/23 | ▶ | Pre 04/03/23 Pricing |
| On or After 04/03/23 | & | On or After 04/03/23 | ▶ | Post 04/03/23 Pricing |