Here’s some news you’ll love: On July 13th, the non-guaranteed interest rate on new and inforce SMART UL business is increasing from 4.1% to 4.3%.¹
Yes, you read that right: in a world where interest rates keep falling, Foresters is going the other way.
Before this increase, SMART’s crediting rate already beat the industry average.² Now it’s pulling away even further, offering your clients excellent cash accumulation potential.
New SMART UL consumer materials launching July 15th. Call now 866‑466‑7166 to pre-order.
Illustration software and mobile quotes will be updated to reflect the new interest rate on July 13th.
For certificates issued on or before July 13th, the illustration included in the Certificate Issue Package (CIP) will reflect the current non-guaranteed interest rate of 4.10%.
For certificates issued on or after July 14th, the illustration will automatically reflect a non-guaranteed interest rate of 4.30%, regardless of what may have been previously illustrated to the client.
1 Applies to all SMART UL applications dated on or after September 22nd, 2018, excluding CA and NY, and in CA and NY, on all SMART UL applications dated on or after May 11th, 2019. Foresters products and their riders may not be available or approved in all states and are subject to underwriting approval, limitations, contract terms and conditions, and state variations. Refer to the Foresters SMART UL Product Guide and the insurance contract for your state for these terms and conditions. Products underwritten by The Independent Order of Foresters.
2 Current average based on the posted non-guaranteed interest rates of 25 Accumulation UL products from competitive companies as of June 2019.
For Producer use only. Not for use with the public. 417584 US 07/19
