Cincinnati Life: New Term Rates

06-01-2023

Cincinnati Life has applied an overall rate update to the Termsetter guaranteed level term portfolio. This has resulted in premium decreases in a variety of areas, with the most significant decreases found in:

• Shorter term durations
• Preferred Plus and Preferred rate classes
• Younger ages

Applicable in: All states except NY

Key Features:

• Rates based on actual age
• Non-cigarette tobacco users are eligible for nonsmoker rates
• 10-, 15-, 20-, 25- and 30-year guaranteed term period options
• Convertible through the end of the term period or the policy anniversary following theinsured’s 70th birthday, whichever comes first
• Minimum death benefit amount of $25,000
• Fully commissionable $75 policy fee

Transition Rules:

• June 1, 2023 – July 1, 2023 :  Applications signed and dated between June 1 and July 1, 2023, and received in our office on or before July 7, 2023, will be issued with Cincinnati Life’s most competitive Termsetter rate.
• July 2, 2023: All applications signed and dated on or after July 2, 2023, or received after July 7, will receive the new Termsetter rates.

 

You can quickly submit your next Cincinnati Life term application through Vive!

Please give us a call at 800.792.6795 if you have any questions.