GILICO Introduces Exciting AnnuiCare Changes

Not Your Father’s Long-Term Care Insurance The Evolution of AnnuiCare®! GILICO is excited to announce a new generation of AnnuiCare® underwriting is here! Over the next few months, we will introduce multiple enhancements to the qualification process, which will make it easier to know if your client is a good prospect for AnnuiCare®. Phase 1 – Effective Immediately Introducing a Prescreen Form — No more Rapid Response Form! Based on the answers to the questions on the Prescreen Form you will know immediately whether or not you should take application. If you client answers “no” to all the questions, the
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

GILICO 6 Year Products Are Now Available Above Age 79!

Higher Issue Ages Guaranty 6 issued through age 90! 3.40% Guaranteed for 6 Years Full Accumulation Value Death Benefit Interest Monthly After 30 Days IRA/RMD Friendly Guaranty 4 and Guaranty 6 annuities offer interest rates which are among the highest MYGA rates currently being offered! They offer safety, stability and triple compounding; and the extended issue ages and great rates make these an easy sale for many clients!   AnnuiCare® 6 issued through age 85! 3.40% Guaranteed for 6 Years Full Accumulation Value Death Benefit Effective April 1, 2018, clients over age 79 have an additional AnnuiCare® option. AnnuiCare® 6
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

GILICO Announces AM Best Upgrade

November 1, 2017 PRESS RELEASE Contact: Forrest E. Mills, Jr., CFO Guaranty Income Life Insurance Company “A Kuvare Company” Phone: 225-383-0355 Fax: 225-388-0022 forrest@gilico.com www.gilico.com GUARANTY INCOME LIFE ANNOUNCES UPGRADE FROM A.M. BEST November 1, 2017, Baton Rouge, LA – Guaranty Income Life Insurance Company received upgrades from A.M. Best to their Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and their Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb-.” The outlook on these Credit Ratings is “stable.” Dhiren Jhaveri, Chairman of Guaranty Income Life Insurance Company (GILICO), said, “We are pleased with the upgrade of
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Guaranty Income Life is Pleased to Announce it has Finalized its Acquisition by Kuvare US Holdings, Inc.

October 7, 2016 PRESS RELEASE Contact: Flynn Foster Phone: 225-383-0355 FOR IMMEDIATE RELEASE Guaranty Income Life Insurance Company Announces Closing of its Sale to Kuvare US Holdings, Inc. BatonRouge, LA. — October 3, 2016 — Guaranty Income Life Insurance Company (GILICO) is pleased to announce the closing of the company’s sale to Kuvare US Holdings, Inc. (Kuvare) today. Kuvare Holdings has completed its purchase of GILICO, a life insurance, annuity and long-term care insurance company based in Baton Rouge. The transaction, was subject to the Louisiana Department of Insurance approval, which was received last week. GILICO headquarters will remain in
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Categories: Guaranty Income and Linked Benefit/Hybrids.