We at Legal & General America strive to maintain highly competitive term rates throughout the year. Unfortunately, we recently discovered that some of the OPTerm premium rates that were published on April 2, 2020 were higher than intended.
Additional Information
The rates have been corrected and will be available for quoting via LGA’s WebQuoting system on April 11, 2020, and on other third-party quote engines soon thereafter.
The updated rates are the same or lower than the previous rates.
Any business submitted under the April 2nd rate scale will automatically receive the corrected rates.
If you have quoted OPTerm since April 2nd, we suggest that you rerun the quote to see if the premium may be lower.
The transition period allowing for the "better of" rate will remain in effect until May 2, 2020.
The marketing materials associated with the April 2nd rate change remain accurate.
Questions
For questions regarding the updates, please contact the Sales Desk at 888.585.9198 or by email at salessupport@lgamerica.com.