News

TransACE 2013 and TransACE Survivor 2013 Bonus Program Dates:
April 1, 2013 through September 30, 2013.

Eligible Products: TransACE 2013 and TransACE Survivor 2013.

Eligible Policies: TransACE 2013 and TransACE Survivor 2013 policies with paid dates from April 1 through September 30, 2013. Applications must be dated no later than July 31, 2013 and received in good order by our Cedar Rapids Administrative Office by close of business on Wednesday, August 7, 2013. To be considered a received application, the following conditions must be met:

1. The formal application with all fields completed (including signatures of all necessary parties) and forms required at time of application must be submitted with the application.

2. If ownership is in the process of being determined—e.g., if a trust is being set up—a final application may be submitted later; however, the formal application with all other signatures must be received with the indication that ownership determination is in process.

Eligible Premium Base: Annualized target premium (not paid annualized premium).

Bonus Amount: 10% to writing producers.* To be paid monthly.

Effective April 11, 2013, Banner Life has LOWERED Term rates on ALL RATE BAND AND RATE CLASSES.

Compare Rates Today.

Term Commission Changes
Effective May 1, 2013, commission rates for the ING TermSmart and ING ROP Endowment Term series of products are changing, as follows:

Outside New York
A 5% reduction in first year commissions is being made at all compensation levels.

New York
A similar reduction is being made, but it is spread across renewal years on various compensation levels. Since it differs by product, please refer to your updated commission schedule for specifics.

Transition Information:

Current rates will be paid on applications signed and dated before May 1, 2013 and received at the ING Service Center by May 10, 2013.

New, reduced rates will be paid on all applications signed and dated on and after May 1, 2013 or received after May 10, 2013.