Securian has added Eclipse Survivor Pro to its suite of Eclipse Indexed Universal Life Insurance. The protection-focused, survivorship universal life policy helps protect assets by providing an income tax free death benefit to help pay estate taxes and ensure clients’ assets transfer to the next generation.
Minnesota Life Insurance Company, Securian’s largest subsidiary, is the first life insurer to offer this type of agreement on a index-linked life product.
Eclipse Survivor Pro Indexed Universal Life features the optional Performance Death Benefit Guarantee Agreement (Performance DBGA). The Performance DBGA allows for strong index account crediting over time to potentially improve the death benefit guarantee in four ways:
- Extend the length of the guarantee;
- Lower the premium;
- A combination of both or;
- Use the cash value towards a single premium to pay up the policy.
“Eclipse Survivor Pro offers life insurance protection on two individuals, with the benefits paid upon the passing of the second insured,” said Andrea Mack, director, Life Product Promotions, Securian Financial Group, Inc.
Clients most likely to consider Eclipse Survivor Pro are couples aged 40 to 70 who want:
- Help with estate planning;
- Flexibility with a death benefit guarantee;
- Multiple index crediting options;
- A single pay option.
Eclipse Survivor Pro also offers an Estate Preservation Agreement Choice that provides the option to elect a four year term benefit at the death of the designated insured without underwriting. The benefit amount is determined when the policy is issued.
In other industry news:
Burnham Benefits Insurance Services, Irvine, Calif., hired Scott Aston as its newest vice president, a role that will leverage his knowledge and experience on both the brokerage and carrier sides of the business.
Aston will focus on new business products, business development, account retention and technology platforms. Aston brings experience in human resources information systems (HRIS), self-funded programs, and health care reform.
Aston most recently served as vice president of employee benefits for BB&T Insurance Services of California. He has worked for Great-West Healthcare and New England Financial and earned a degree in business administration from Pepperdine University. He holds the Group Benefits Disability Specialist (GBDS) accreditation and belongs to the Blue Shield Broker Advisory Council, the Orange County Employee Benefits Council, and the Employee Benefit Planning Association of Southern California.
Pacific Life, Newport Beach, Calif., promoted T. Anthony Premer to senior vice president, Real Estate Investments, effective Jan. 1, 2013. Premer will succeed Michael Robb who will be retiring at the end of the year after a 36-year career with Pacific Life.
Premer joined Pacific Life in 1993 and most recently has been serving as senior vice president, Real Estate Finance. During his tenure with Pacific Life, he has participated in the origination of commercial real estate debt assets exceeding $22 billion, including real estate capital markets transactions exceeding $10 billion. In his new role, Mr. Premer will be responsible for managing the company’s portfolio of real estate debt and equity investments which, together with assets serviced for third parties, totals over $28 billion. As part of this succession, Mr. Premer will report to Khanh Tran, Pacific Life’s president.
Mr. Premer serves on the Advisory Board of the UCI Center for Real Estate, is a member of the National Association of Real Estate Investment Trusts, and a member of the Urban Land Institute. He is a CPA (inactive) and holds a bachelor’s degree in business administration from California State University, Fullerton.
Employee benefits-only agency Digital Insurance, Atlanta, acquired First Benefit Partners, Knoxville, Tenn., and will serve its clients’ ongoing needs. First Benefit Partners’ principal, Matt Noe, is joining Digital’s specialized Integrated Benefits team as the company’s first director of sales.
Noe began his career in 1993 with New York Life Insurance, becoming one of its leading agents for voluntary products. Moving to the AEGON family of companies in 1998, he held several positions including regional, territory and national vice president of business development. Noe also played a part in the creation of Transamerica Worksite Marketing, currently known as Transamerica Employee Benefits.
Transamerica Employee Benefits, Little Rock, Ark., dedicated a team to provide concierge-level support and services to national insurance brokerage and benefits consulting firms. The team will cater to the unique needs of the nation’s largest brokerage firms and their clients, providing a wide range of voluntary benefit options.
TEB will bring together expertise and best practices from several disciplines to assist its customers, including a single point of contact to handle all elements of its employee benefits portfolio—from procurement through client management to retention support.
Susan Elder, vice president of national account management and electronic enrollment solutions, joins TEB as the operational lead of its internal support team in the Little Rock office.
The Guardian Life Insurance Co. of America, New York, has launched the Guardian Anytime Mobile app to assist its members in locating dental and vision providers.
Members can locate in-network dentists and vision providers from both VSP and Davis Vision. Users can search by name and location for contact information, interactive maps and driving from anywhere in the country.
The free app is available at www.GuardianAnytime.com for both Android and Apple users. The app is also currently available at the Google store and will be available on the Apple App store later this year.