Now is the time to offer your clients a permanent life insurance solution
prosperity Universal Life has evolved but it’s still the product you know and love, only better. Now, your clients will have greater potential for fund value accumulation, more flexibility to adjust to their changing needs, along with built-in and value-added benefits at no additional cost. Here’s a look at the improvements:
The new ‘prosperity Bonus’
- A simplified bonus structure to make it easier for you to explain and for your clients to understand
- This replaces both the performance and persistency bonuses
- This new bonus starts sooner than the performance and persistency bonuses, which can contribute to greater fund value growth
Increased flexibility with Premium Holiday
- Clients have more flexibility during the first five years of the policy due to more Premium Holiday months being offered
- Premium Holiday allows clients more opportunities to adjust their premium payments based on their changing needs
Transition Rules for prosperity Universal Life (PR-6) to new prosperity Universal Life (PR-7)
| Application stage (for all application types) | Transition period begins October 22, 2024, and ends on November 30, 2024, at 11:59pm EST. |
| Pending underwriting and/or Policies not yet issued |
During the transition period, two plan options are available:
After November 30, 2024: No new applications for PR-6 can be submitted from ivari 360 and only new PR-7 will be available for submission. |
| prosperity Term policy conversion |
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| Reissues, Policies pending delivery OR Settled |
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Should you have any questions, please contact WFG Rocks at 1-866-WFG-ROCKS (934-7625) or reach out to your ivari WFG Sales Director at [email protected].
Additional resources:
- prosperity UL Product Overview (Updated!)
- New prosperity UL webpage
One central location for all your prosperity UL marketing materials and resources
Published on: October 22, 2024