AM Best affirms GWIC’s A (Excellent) rating

AM Best affirms GWIC’s A (Excellent) rating AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the stable outlooks for American Enterprise Group, Inc.’s six insurance company subsidiaries, which includes GWIC. For the latest Best’s Credit Rating, visit ambest.com. Learn more about AEG’s rating     #goldencareagent #gwic #greatwestern #finalexpense
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Categories: Great Western, Industry News, and Life Insurance.

Check out the new MyEnroller 4.0

Check out the new MyEnroller℠ 4.0 Effective April 27, 2022, Great Western Insurance Company (GWIC®) is retiring the enrollment app for your mobile device and introducing the new, online-only MyEnroller℠ 4.0. This enhanced application tool and its updated user guide can be accessed on the Training page of GWIC’s agent portal. MyEnroller shortens the application processing time because it ensures you are completing the correct forms and providing all the necessary information. It’s available via the internet on desktops, laptops, cell phones, or tablets and accepts in-person physical signatures, e-signatures via email, and voice authorizations with telephonic sales. Log into
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Categories: Great Western, Industry News, and Life Insurance.

Commission schedule for GWIC’s Great Assurance plan

With the launch of new Final Expense products — Great Assurance®, Graded Benefit, and Guaranteed Assurance — comes a new commission schedule. And to help you keep all your Great Western Insurance Company (GWIC®) commission information in one place, your new commission schedules will be available to view and download from the Commissions page on the agent portal. In accordance with your Agent Agreement and Commissions Schedule, GWIC will apply the new Final Expense product portfolio to these schedules on April 27, 2022. All policies that are written on and after April 27, 2022, will be subject to the new
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Categories: Great Western, Industry News, and Life Insurance.

Final Expense for anyone. Yes, everyone.

Great Western Insurance Company (GWIC®) is elevating expectations of the life insurance industry — by offering a Final Expense plan for any client within the eligible age ranges with new instant-decision underwriting, no matter their health situation. Great plans Effective April 27, 2022, you’ll be able to go into your next client meeting knowing what to expect because we’re uncomplicating your Final Expense sales. We’re retiring the enrollment app for your mobile device and introducing the new, online-only MyEnroller℠ 4.0, which allows you to enter three plan options on one application. 1. Great Assurance® plan: This immediate benefit, first-day coverage
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Categories: Great Western, Industry News, and Life Insurance.

Heritage Plan Whole Life Now Available in California

Now available in California! This update is currently available on the Agent Portal. Android, Apple and Windows 10 updates will be available soon. You will receive a notification on your GTL e-App to update your device.   Important California Notice A person who meets with a senior in the senior’s home is required to deliver a notice in writing to the senior no less than 24 hours and no more than 14 days prior to that individual’s initial meeting in the senior’s home. If the senior has an existing insurance relationship with an agent and requests a meeting with the
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Important Heritage Plan Graded Benefit Update

Effective December 29, GTL’s Heritage Plan Life Insurance product will only be available for ages 50-90. You will receive a notification on your GTL e-App when it is available.   This change will apply for all Heritage Plan applications dated 12/29/21 or later. if you have any questions, please contact GTL’s Sales Support by texting or calling 800-323-6907 or by emailing agency@gtlic.com   #goldencareagent #gtl
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Good News in 2022: Living Promise Graded Reprice

Our Living Promise Graded Benefit Plan offers affordable coverage and competitive product features and now on January 1, 2022, you will also see rate decreases in many of the age bands. Here’s what you need to know: Rate Adjustments Rate adjustments will be a mix of decreases and increases and may vary by age and sex. You can view the new rates by referring to the quoting software beginning January 1, 2022. Transition Rules Applications signed prior to January 1, 2022, will receive the old rates. Applications signed on January 1, 2022, or after will receive the new rates. Quoting
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Important Heritage Plan Graded Benefit Update

We appreciate your business and efforts in offering GTL’s Heritage Plan to your clients! Effective June 1, GTL is implementing a premium increase for new business and updated face amount limits for our Heritage Plan Life Insurance product. See below for more details. The e-App update will be available soon. Visit GTLink for Updated Rates and Underwriting Guide     New Face Amount Limits Ages 40-85 $2,500 – $20,000 Ages 86-90 $2,500 – $10,000 Replacement Update Replacement of another agent’s in-force Heritage Policy will not be permitted. Two (2) policy maximum per insured. Updated Rates Effective June 1, 2021 Example:
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Ease Your Client’s Worries with Living Promise

Living Promise Whole Life Insurance is designed to help provide affordable protection that pays benefits directly to the person you choose to take care of your outstanding medical bills, unexpected expenses or debt that you may leave behind. Leaving you with nothing to worry about when you’re gone. Product Features Competitive premiums Simplified underwriting — no medical exam, coverage is based on answers to a few simple health questions Two coverage choices: Level Benefit Plan Policy issue ages: 45 – 85 Benefit amounts: $2,000 – $40,000 (in WA, $5,000 – $40,000) Accelerated Death Benefit for Terminal Illness or Nursing Home
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Upcoming Rate Changes for Life Products

We are announcing upcoming changes to our participation rates, cap rates and fixed account rates on our life products. These rate decreases come as a result of the current rate environment and the increased market volatility, which causes an increase in options costs. Effective April 1, 2020, we will be lowering the fixed crediting rate on Income Advantage IUL, Life Protection Advantage IUL, IUL Express and AccumUL Answers. Effective May 10, 2020, we will be making changes to our participation rates and cap rates on our Income Advantage IUL and Life Protection Advantage IUL products. Fixed Crediting Rate Changes Effective
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).