Here is a quick run-down on what you will find in this bulletin:
Simplified Issue – United of Omaha
Lincoln Benefit Life – Keep Quoting?
Life Insurance Claim Denials For Fraud
These topics will be dealt with in more detail throughout this bulletin.
I was told, during August, that the company may have introduced new rates for their simplified issue term products. I would appreciate anyone advising if that is or is not the case. I had received copies of the rates in June, and so if there is nothing newer than that, we will re-introduce the products using those rates.
Allstate recently sold Lincoln Benefit. Here is more information about that:
Can anyone provide us with documentation (from the company) that shows Allstate agents are still selling Lincoln Benefit?
We are also being told that the rates for the Lincoln Benefit products changed in mid-August. We would appreciate getting any company based information that would elaborate on those issues. Needless to say, if those rates have changed, we need those rates and do not have them. We are also wondering if the rates for Allstate of NY have changed, as we are still quoting those rates in our system.
The report contains the comments and feedback from subscribers, and my own comments. Further, we have added some additional links and information to the report.
I will continue to update that report as additional comments or information is received. If you have something to add, we’d like to hear from you.