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No-Lapse Variable Universal Life Insurance
If the accumulation of the premiums paid at any point in time (less policy loans, and withdrawals) under Variable Universal Life insurance equals or is more than the minimum premiums due at that point in time, the policy won't lapse. This is guaranteed regardless of the underlying portfolio return or any changes to the policy. Typically this feature is the same for Option A, Level Death Benefit, or Option B, Increasing Death Benefit.
Insurance Industry News from ProgramBusiness.com
Innovative Education SessionsApplied Systems Client Network (ASCnet), the user group for Storefront Owner Applied Systems http://www.programbusiness.com/tracking/sftracker.asp?Sfid=140 agency technology, announced that its 19th Annual Technology, Education and Networking Conference, or TENCon, to be held October 5-9 in Orlando, will feature a myriad of new and innovative educational sessions, with record agent/broker attendance expected.
“This year’s TENCon, with a theme of ‘Catch the Wave in Orlando,’ promises to be one of this year’s largest fall events for independent agents and brokers,” said ASCnet President Stu Durland, vice president and co-owner of Seely & Durland, Inc., in Warwick, NY. “We’re expecting record attendance.” (Durland noted that the recent hurricanes in Florida haven’t spoiled the event; no damage is reported at the conference site, Disney’s Coronado Springs Resort, or Animal Kingdom Park, site of the ASCnet TENCon Theme Night Party.)
Sixty-three different educational sessions – with tracks for agency owners, principals and managers, IT systems managers, CSRs, bookkeepers and accountants, and vision management systems – will include change management; agency systems security; hiring, training and motivating producers; imaging options and considerations; marketing workflows; mergers and acquisitions; accounting reconciliations; and dozens more to allow attendees to maximize their technology investment.
Durland said attendees will benefit from discovering the latest technology trends; learning about new product offerings and upgrades; and interacting with Applied’s senior leadership.
New products and services also will be available in the sold-out trade show demo area, the TENCon Exchange, offering attendees the opportunity to demo products, make support appointments, and see what’s new for the independent agent and broker.
The conference also will feature a drawing for the cash equivalent of a two-year lease on a Chrysler PT Cruiser, as well as a theme-night event at Disney’s Animal Kingdom Park. The featured keynote speaker at this year’s event will be Rob Morton from the Disney Institute.
For more information on the conference or to register, visit http://www.ascnet.org/conference.
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