We will be making changes to our Income Pay rider effective December 1, 2015, due to the adoption of new mortality tables adjusted for the increase in life expectancy. Other carriers, like us, are required to apply these new tables which will generally result in adjustments to life contingent guarantees and payouts.
Income Pay Updates Effective December 1, 2015
Effective December 1, 2015, the updated rider is available on:
NEW BUSINESS GUIDELINES: Applications for the current Income Pay rider must be received on or before November 30, 2015 and contracts must be made effective by December 31, 2015. Applications received on December 1, 2015 and after will not be accepted.
Thank you!
Sales Support Team @ Transpacific Financial Inc.
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