ING Will Be Suspending Sales of the 25 and 30-year Term Periods

[Robert Barney]

This is only a re-pricing trend. They have to pull the product and refile new rates with the States. Usually a 6 month process at best..

That's about right.

I suspect that the re-insurers have jammed the life companies with a sudden need for more money, and some got caught on short notice. Just guessing of course. But those who have stepped out will reprice and be back.

In the meantime, for those of you not snoozing at the wheel, you have a fire sale and you don't know it. I'd be alerting every client and prospect that I have that life insurance rates are going up, and if they want in at the lower rates, they better move quick like a bunny.

You can tell them the President of Compulife is on the record saying it.

 

[somarco]

Mr. President, I assume this will impact permanent plans as well.

 

[Yagents]

Gotta love our fed and the unintended consequences. Hurting more than just savers in bank products

 

[Robert Barney]

Mr. President, I assume this will impact permanent plans as well.

No doubt about that. We are seeing rates creeping up. It will all be driven by re-insurers who co-insure these products/companies.
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Gotta love our fed and the unintended consequences. Hurting more than just savers in bank products

Wait til the inflation hits hard, and the interest rates go the other way.