Due to regulatory changes, the Gift of Life, Value Certain 20, Cashback 20, and Cashback 30 are being revised. These newly revised products will be available on the iKCLife Illustration System beginning Dec. 31, 2021.
All applications (E-App and paper) received on and after Dec. 31, 2021 will be issued as the new version of the product. Any applications written on or before Dec. 30, 2021 must be received in New Business by Jan. 3, 2022 in order to be issued as the previous version of the product. The sales materials for the revised products will be available to order from Supply on Jan. 3, 2022.
These product revisions are not changing any of the inner workings of the products. From the outside, the products will appear exactly as they were before. The revisions only include updated rates that are used to calculate the policy values, like premium and cash value.
If you have any questions about these new products, let us know! Otherwise, happy quoting! :)
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