Banner Increases Term Rates

OPTerm (Banner Life), PennTerm (William Penn) and Term Rider prices are increasing with applications received September 4, 2012 and later. The transition rules are laid out below:

Compensation

  • Commission rates will remain unchanged.

New Business Submission

  • The new rates will apply to all applications received at the respective home office on or after September 4, 2012.

Pending New Business

  • Applications received at the respective home office by August 31, 2012 will receive the current rates that were effective November 1, 2011. New rates will apply to all applications received on or after September 4, 2012.

AppAssist

  • AppAssist Request for Life Insurance Interviews received at the respective home office by August 31, 2012 will receive the current rates that were effective November 1, 2011.
  • New rates will apply to all Request for Life Insurance Interviews received on or after September 4, 2012.

Marketing Materials

  • An assortment of marketing materials will be available by August 31, 2012.

Minnesota Life IUL Seminar

Launch The Minnesota Life IUL Seminar Registration

Life Underwriting Spotlight

Asthma Case Study
Product: $4,000,000 UL
Gender: Female
Age: 45
Height/Weight: 5’6″ / 140lbs Never
Tobacco Use: Never

Medical History:

  • Mild asthma since childhood, treated with an inhaler as needed.
  • Medications: daily vitamin & Albuterol inhaler.
  • Experiences 1-2 attacks per week during the spring pollen season, less frequently during the rest of the year.
  • Her asthma has not required hospitalization since age 6, nor has she required steroid treatment to control her symptoms.
  • Her recent Pulmonary Function Test results were FEV1 of 98%

Family History:

  • Mother and siblings are living
  • Father died at age 67 of a heart attack