GWIC updates Final Expense portfolio

April 19, 2021 | by | Comments Off on GWIC updates Final Expense portfolio

GWIC updates Final Expense portfolio On May 1, 2021, Great Western Insurance Company (GWIC®) will adjust the Final Expense product portfolio. What is changing The minimum age on the Assurance Plus product will change from age 40 to age 50. The minimum face amount will increase to $2,500 on the Assurance Plus product. The chargeback period on deaths will now be 12 months on both Assurance Plus and Guaranteed Assurance products. Updated Agent Field Guide Manual is now available The “Agent Field Manual: Final Expense Whole Life” has been updated to align with the new changes. Click here to view
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Categories: Great Western, Industry News, and Life Insurance.
Tags: FE, final expense, financial strength rating, Great Western, Great Western Insurance Company, GWIC, insurance, Life Insurance, whole life, and whole life insurance.

AM Best upgrades GWIC’s rating to A (Excellent)

April 1, 2021 | by | Comments Off on AM Best upgrades GWIC’s rating to A (Excellent)

AM Best upgrades GWIC’s rating to A (Excellent) AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) of American Enterprise Group’s six insurance company subsidiaries. These subsidiaries operate under the brands of American Republic®, Medico®, and Great Western Insurance Company (GWIC®). With the upgrade, the outlook of these Credit Ratings has been revised to stable from positive. As an independent, non-government company, AM Best does not recommend products or services but does provide independent opinions of a company’s overall financial strength. For the latest ratings, access www.ambest.com. Read press release     #goldencareagent #gwic #greatwestern
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Categories: Great Western, Industry News, and Life Insurance.
Tags: AM Best, final expense, financial strength, financial strength rating, Great Western, Great Western Insurance Company, GWIC, insurance, Life Insurance, whole life, and whole life insurance.

NGL rating upgraded to A (Excellent) by AM Best

March 29, 2021 | by | Comments Off on NGL rating upgraded to A (Excellent) by AM Best

NGL rating upgraded to A (Excellent) by AM Best We are excited to announce AM Best has upgraded our Financial Strength Rating to A (Excellent) from A- (Excellent)! This rating reflects the excellent ability of National Guardian Life Insurance Company (NGL) to meet its ongoing insurance policy and contract obligations and further attests to its financial strength. “Last year NGL finished with capital and surplus reaching historic records. Our strong financial position is the result of generations of employees consistently doing what is right and always putting our policyholders first. This rating both confirms our strength and stability, and gives
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Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: AM Best, EssentialLTC, financial strength, financial strength rating, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, and NGL.