Better Term Rates
Effective February 21, 2023, Select-a-Term is repriced in all states, including New York. Nationally, the lower rate trend can be seen across all bands.
Pricing:Â Face amounts $500,000+ have a Top 2 ranking in 89% of the monthly premium cases.1
Low monthly modal factor remains at 8.45% and continues to put Select-a-Term among the top term products.1
Faster decisions:Â Agile Underwriting+ provides the opportunity to avoid the paramed and receive the offer 24 hours after the interview.
Rated case advantage:Â Select-a-Term continues to offer some of the very lowest premiums for rated cases leveraging Special Class.
Agile Underwriting+
- Fast: Opportunity to avoid the paramed and receive the offer 24 hours after the interview
- Clear: Improved detail on underwriting offer explanations
- Simple: Optional Agent completed Part B within iGO full eApp. Receive decision 48 hours after submission.
- Reliable: Increased underwriting offers as applied for
Author: Cameron Greenlaw
Broker