Cincinnati Life: Termsetter ROP Reprice, Effective June 16
Cincinnati Life will be repricing the Termsetter ROP product
Effective: June 16, 2021
Applicable in: All states except DC and NY
Transition Period for Rates:
- May 15, 2021 – June 15, 2021: Applications signed and dated before June 16, 2021, and received in our office by June 22, 2021, will be issued with the old Term ROP rates.
- June 16, 2021: All applications signed and dated on or after June 16, 2021, or received after June 22, 2021, will receive the new Term ROP rates. Quoting software, agent guides and marketing materials will automatically update with the new rates on June 16, 2021.
Updated rates reflect new nonforfeiture interest rate. Issue age ranges have been revised for all term periods.
- 20 year: 18-60
- 25 year: 18-55
- 30 year: 18-50
- 20-, 25- and 30-year guaranteed term period options
- Convertible to an eligible permanent insurance product at the earlier of age 70 or the end of the term period
- Minimum death benefit amounts of $25,000
- Rates based on actual age
- Non-cigarette tobacco users are eligible for nonsmoker rates