An updated Agent Guide from NGL is now available for download on ngl-essentialltc.com. It can be found by clicking the Reference Guides option under the Sales & Marketing dropdown.

EquiTrust is constantly innovating and adapting to ensure you can deliver attractive, competitive products to your clients. As of October 17, 2023, EquiTrust announced rate increases on ALL of its fixed index annuities. New rates apply to contracts with effective dates on or after October 17, 2023.

EquiTrust does not offer investment advice to any individual and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa. 0868-GEN-AD-EXT-10-23

Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Alabama, Georgia, and Indiana. The changes will go into effect on Jan. 1, 2024.

Effective Oct. 9, 2023, the rates for ELCO Mutual Life & Annuity’s Guardian Eagle Multi-Year Guaranteed Deferred Annuity (MYGA) product have increased. Any applications received Oct. 9 and beyond will be issued with the new rates automatically.

Effective Aug. 31, 2023, new personal worksheets will be available for New York and North Dakota. The updates include a rate increase history grid, two new questions (#2 and #6), and a rewording of questions with additional answer options. Previous personal worksheets will no longer be accepted after Sept. 30, 2023.

Effective Sept. 11, 2023, Lincoln will be implementing pricing decreases to Lincoln MoneyGuard Fixed Advantage. There will be no pricing increases as a result of this update. The pricing improvements range from 0 – 15%, and the average pricing decrease is 5%.

On Aug. 28, 2023, Lincoln will expand its automated underwriting capabilities to include electronic application (eApp) submissions for life insurance products. Benefits of automated underwriting include a faster processing time and simplified client experience.

Lincoln has received many inquiries regarding the Electronic Funds Transfer (EFT) Authorization Form [CS06711], particularly regarding what fields are required and why. To provide clarity, Lincoln discusses the requirements and legalities behind two important EFT fields—Premium Amount and Premium Mode—in the Lincoln Leader newsletter.

Forms 33503WA and LF10087WA now include a new “Explain” field for Question 6 as well as fields for an additional Applicant/Owner signature, if needed. There is a 30-day transition period starting Aug. 14, 2023, in which either the old or new form will be accepted.

4506C Tax Return Form has also been updated. The form now has Section 5d pre-populated with the following information: “The Lincoln National Life Ins Co.” Lincoln will now work directly with the National Credit Service for tax return orders.

Starting Aug. 14, 2023, Lincoln MoneyGuard® Auto Follow-up emails will receive multiple enhancements to ensure timely, accurate and actionable case status updates throughout the application process. All case contacts will benefit from a refreshed Auto Follow-up process which features updated verbiage, newly added follow-ups throughout the policy’s lifecycle, and the removal of auto follow-ups that are no longer applicable to the MoneyGuard process.