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Allianz releases it's new IUL Life Pro+SM & joins the top ranked income carriers overnight. Allianz goes from zero to hero in one update! More on Allianz and the shake up in the rankings next week!
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Allianz goes from zero to hero in one update!
ALLIANZ is the second big player to reconfigure their IUL product in the last 30 days. AVIVA launched Advantage Builder 4 last month. More to follow. Several new IUL players are expected to launch this fall. Supplemental retirement income scenarios are driving the market. More on all this as information becomes available.
Carrier one "upsmanship" drives the competition to gain market share. I don't have a problem with new versions if they would extend the lower COIs and any new policy perks to their old block of business so their existing clients participate in policy evolution.
When carriers don't extend these new policy perks to their existing client base, then they invite replacement. And they better not blame it on the agents. They have only themselves to blame.
What are the odds of that happening, slim to none?
I know Northwestern Mutual does this with their policy holders.
I know Northwestern Mutual does this with their policy holders.