Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

First Penn Cuts Some GTO Rates

Your article was successfully shared with the contacts you provided.

NU Online News Service, July 22, 4:45 p.m. – First Penn-Pacific Life Insurance Company, Schaumburg, Ill., a unit of Lincoln National Corp., has cut some guaranteed level-premium term life insurance rates for its Great Term Options policy series.

First Penn is offering the cuts to policyholders in preferred risk classes who buy policies with face amounts of $250,000 and up.

The new GTO rates are available in the District of Columbia and all states where First Penn conducts business except New Jersey, where approval is pending.

The GTO series offers a choice of five guaranteed level-premium periods ranging from of 10 to 30 years.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.