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Hallett Closed July 3rd



New Re-Priced UL-G and SUL-G
On July 13th John Hancock is launching their re-priced Protection UL-G and Protection SUL-G. Both re-priced products in general are going to have higher premiums (varies by specific cell, but on average about 4%). The transition period is going to be very tight so please note the following dates:

They will accept applications until July 31st provided that they have an illustration and an application or a tentative underwriting decision. All policies must be issued by September 14th. We are requesting that all applications be in the Hallett Financial Group office by July 30th at the latest to allow us time to prep and transmit the paperwork to John Hancock in time to make the cutoff. We are having an offsite company function the afternoon of July 31st so any applications we receive in our office on July 31st will run the risk of missing the cutoff. Click here for the John Hancock notice. (by John Hancock USA - Posted on 06/29/2009)

URGENT - SUL Product change at Lincoln Financial
Lincoln Financial Group is updating their rates on their Guaranteed SUL product. Rates are going up and in most cases the new product is not as competitive as the current product.

We have a VERY short timeframe left in order to secure the current product. Transition rules are as follows: Any application received at the Lincoln Financial home office by 6/24/09 will receive the current rates; any application received after 6/24/09 will receive the new rates. Any applications currently in underwriting and submitted are not affected.

If you are currently working on obtaining a new application for Lincoln Financial for their SUL product, please get it completed, signed, and faxed or emailed to our office by 12:00 noon on Wednesday 6/24 so that we can get it processed and submitted to Lincoln in time for the cutoff. (by Lincoln Financial Group - Posted on 06/22/2009)

Term Changes for Protective and West Coast Life
Effective June 1st, West Coast Life and Protective Life will be making some changes to their term portfolios. They will both be increasing their policy fees on their term products. The new policy fee will be $60 for all products. This represents a $5 increase in Policy Fee on 10-year ($250K+) and 15-year ($250K+) products. Protective Life will also be discontinuing the "Preferred Tobacco" class from the Protective Value Choice Term.

To qualify for the old rates for either company, applications must be signed by 6/14/2009 and received in the home office no later than 6/22/2009 (must be received in our office by 6/19/2009 to make the home office deadline of 6/22/2009). Any application signed on or after 6/15/2009 will get the new rates. (by Hallett Financial Group - Posted on 05/28/2009)

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©2009 HALLETT FINANCIAL GROUP, INC.  -  ALL RIGHTS RESERVED.

REGISTERED REPRESENTATIVE OF AND SECURITIES OFFERED THROUGH: VARIABLE LIFE BROKERAGE DISTRIBUTORS (VLBD) A DIVISION OF ING FINANCIAL PARTNERS, INC. 909 LOCUST STREET, DES MOINES, IA 50309 MEMBER SIPC HALLETT FINANCIAL GROUP, INC. IS NOT A SUBSIDIARY OF NOR CONTROLLED BY VLBD/ING FINANCIAL PARTNERS, INC.

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