In order to receive “2009 Rates” all applications with Savings Bank Life must be submitted no later than 11/30/2009 to retain existing rates. Assumptions are that rates will stay equal or greater than current rates.
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SBLI Rates Expected To Increase 2010
New Changes for Mutual Of Omaha!
DUI convictions for Preferred Plus is changing from 10 years to 5 years to sync up with the Preferred and Standard risk classes. Occasional cigar usage (max 12 per year with negative results) is now acceptable for both Preferred Plus and Preferred Non-Tobacco categories.
AXA Equitable Life Insurance 150th Anniversary
AXA Equitable Life Insurance Company announced today that Sunday, July 26, 2009, will mark the organization’s 150th anniversary. Founded in 1859 as The Equitable Life Assurance Society of the United States (The Equitable), the company began in a $75 dollar-a-month rented office at 98 Broadway in New York City. The Equitable demutualized in 1992 in what was the largest insurance company stock conversion at the time. The company began its partnership with AXA Group that same year, when the Paris-based global insurer became the company’s largest single investor. AXA Group bought the remaining shares of The Equitable in 2000, giving birth to AXA Equitable.
