In today's unpredictable financial environment - recession, layoffs and falling stock and bond prices- all of us have been hit with painful losses. There is a financial product that has held its value. September is Life Insurance Awareness Month. This industry-wide effort organized by LIFE (Life and Health Insurance Foundation for Education), is supported by the nation's leading life insurance companies and brings nationwide attention to the benefits of life insurance. Take this opportunity to help your clients obtain life insurance protection.
Effective May 1, 2009, the annual cost of the GLWB rider will change to 0.95% (current/guaranteed) for the single life option and 1.10% (current/guaranteed) for the joint spousal option. This change is consistent with current industry trends and risk management practices.
A fresh, contemporary new look - including "Mutual. Strong. Trusted." theme - has been developed for UNIFI Companies' Web site. This new look incorporates UNIFI-wide customer quotes and video clips. Check out the new site at www.unificompanies.com.
Standard & Poor's (S&P) has affirmed UNIFI's rating of AA- (Very Strong) for insurer financial strength. This is the fourth highest of Standard & Poor's 21 ratings.
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S&P Website
A.M. Best Company has affirmed UNIFI's group rating of A (Excellent) for financial strength and operating performance. This is the third highest of A.M. Best's 15 ratings. The rating's outlook was revised from positive to stable. Download/view the A.M. Best Press Release.
A pdf of the 2008 UNIFI Companies annual report is now posted on UNIFIcompanies.com.
Ameritas Advisor Services, a division of Ameritas Life Insurance Corp. (Ameritas), has launched a new version of the company's low cost Variable Universal Life (VUL) insurance policy designed for fee-based and fee-only advisors.
The driver behind the new product development is that effective December 31, 2008, all individual life insurance products must conform to the 2001 CSO Table and the new Ameritas Advisor VUL will do just that. Advisors will still be able to take advantage of many of the same benefits found in the original Ameritas Low-Load Variable Life Insurance product launched in 1997 including low fees, no surrender charges, access to a wide variety of investment options including funds from Vanguard Group and Fidelity, as well as a Fixed Account from Ameritas.
Variable universal life insurance enables advisors to help clients plan for their family's financial future as they protect it. By dedicating a portion of each premium payment to tax-deferred investment opportunities, buyers can save for such long-term goals as college funding or supplemental retirement income. Learn more.