7702 changes now in effect for SecureCare UL

Effective today, November 1, 2021, the guaranteed interest rate on new SecureCare Universal Life (SecureCare UL) applications was updated to comply with the Consolidated Appropriations Act of 2021, which lowers the interest rate assumptions used in Section 7702 of the Internal Revenue Code.

SecureCare UL’s new guaranteed interest rate is now available in the illustration software. All new applications will receive the new guaranteed interest rate. In order to receive the old guaranteed interest rate, an application must have been received no later than October 29, 2021, and it must be approved, issued and paid by 3 p.m. CST on December 31, 2021.

If a SecureCare UL application that was received no later than October 29 is not approved, issued and paid by 3 p.m. CST on December 31, it will be reissued with the new guaranteed interest rate. This is a regulatory requirement and NO EXCEPTIONS will be made.

For more information about the 7702 changes and SecureCare UL, please read this flyer.
 

Contact us

Questions?
Call our Securian SecureCare Sales Support Team at 1-888-900-1962.
 

7702 changes now in effect for SecureCare UL
 

#goldencareagent
#securian