Banner and William Penn COI Increase for Select Universal Life Plans

Banner and William Penn announced they will implement a cost of insurance (COI) increase for select universal life plans effective August 1, 2015. For any plan affected, the increased cost of insurance will be reflected in the first monthly deduction following the effective date of the increase. The table below lists the plans for each company, the policy form numbers, the dates the policies were available for sale, and the effective date of the COI change. It also identifies the plans which included no-lapse guarantees.

Download PDF – Banner and William Penn COI Increase August 2015

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