New UL features and faster illustrations are coming Feb. 12
Submitted by Krishan on January 29, 2024 - 12:01pm
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PDF version New UL. New opportunities. Universal life insurance enhancements are coming. View in browser | | 
| | Universal life insurance enhancements are coming. | Available on Feb. 12, our new universal life insurance (UL) offers more features and web-based illustrations. This will make it easier for you to sell UL and offer more flexibility to your clients. | 
| Stability and growth potential: | That’s what your clients will get from the Stable Growth Account – a new investment account option. |
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| New AI 100 Cost Type: | Clients can keep insurance costs lower in the policy’s early years, so they can potentially build more cash value. |
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| Faster Illustrations: | Universal life insurance is coming to web-based Canada Life Illustrations, making it easier than ever to illustrate up to $25M. |
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| | Desktop-based illustrations update
We’re removing the old UL product from the desktop software on Feb. 12. This means that prior to Feb. 12, saved-cases will need to be saved as PDFs from the desktop software and reproduced in the web-based Canada Life Illustrations when UL is made available. | Chargeback period changes for advisor-related policies
Effective Feb. 12, the chargeback period for advisor-related policies is changing from two to five years for level cost type UL, and from five to seven years for participating life insurance. | |
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| | Check out the resource page where you can find resources, learning materials, transition rules and more. | | | |
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