Nationwide is Next- GUL Increase

Nationwide announces reprice for GUL products

Due to the persistently low interest rate environment, several carriers have recently announced recent price increases, and Nationwide just announced a forthcoming price increase for their GUL product as well. The product impacted by this announcement will be the YourLife No-Lapse Guarantee UL, effective November 7^th, 2016.

Level pay premiums will increase up to 10% on clients age 55-75
Level pay premiums will increase 10% or more on clients younger than age 55
10 pay premiums will increase 5% to 10%
Single pay premiums will increase 8% to 10%

Some important transition rules

Applications must be signed prior to November 4^th
Must be received in the Home Office no later than November 14^th
Full details are can be found by clicking here

About Jeffrey Berson

40 years in and around the industry has made Insurance a part of my DNA. I have had the pleasure of working with and for some of the greatest minds in our industry. My "Bersonal" View is an attempt to capture some of the best ideas, the best concepts and the best practices in a way that can lead to success for others. It will certainly be my point of view, so please...don't take it "Bersonal".

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