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Guarantee Trust Life Insurance Company (GTL), a leader in the supplemental health insurance industry, has released a new, groundbreaking cancer insurance policy called Precision Care^TM.

Precision Care^TM provides access to and pays for the Translational Genomics Research Institute’s (TGen) genomic sequencing tests and expert oncology consultations. The policy also provides a lump sum cash benefit to help pay for other medical and non-medical expenses which can be costly while fighting cancer.

“We are extremely excited about our collaboration with TGen, one of the leading biomedical research institutes in the world, to create innovative insurance policies which pay for genomic testing upon the diagnosis of cancer,” said GTL’s Chairman, President and CEO Richard S. Holson III. This means, that things like getting the right specialized equipment will be incredibly easy. If they need to get things like these pipette tips for their genomic testing then they can do so easily. “By leveraging TGen’s world class research capabilities we believe we can help craft and pay for more precise plans of care and deliver better outcomes for our policyholders when they are faced with a critical illness such as a cancer diagnosis.”

“One of the ways that TGen touches lives with its work is through partnerships that have the potential to reach those who need it most,” said Tess Burleson, TGen chief operating officer and president of TGen Health Ventures. “GTL’s Precision CareTM Policy places GTL at the forefront of delivering the power of precision medicine to their policyholders.”

Currently, the new Precision Care^TM policy form is approved in over 30 states and will be available for sale through the company’s network of independent agents and agency partners located throughout the country. “The treatment of cancer has been evolving at a rapid pace,” said Carl Leader, GTL’s senior vice president of Sales and Marketing. “Unfortunately, the benefits provided by insurance policies have not kept up with the cost of these innovations. Through GTL’s partnership with TGen, there is finally a policy available to help pay for the high out-of-pocket expenses associated with a cancer diagnosis while giving our policyholders access to TGen, one of the leading biomedical research institutes in the world.”

For more information on Guarantee Trust Life Insurance Company visit www.gtlic.com. For more information on TGen, visit www.tgen.org. More information on Precision Care^TM can be found at www.outsmartmycancer.com.

Founded in 1936, GTL has a proud history of providing superior insurance products and best-in-class customer service to individuals and families for over 82 years. Through a competitive portfolio of targeted individual and group life and health insurance solutions, the company offers an attractive and trusted value proposition to its Policyholders and distributors, while encouraging and supporting personal growth and civic involvement from its employees.

Translational Genomics Research Institute (TGen) is a Phoenix, Arizona-based non-profit organization dedicated to conducting groundbreaking research with life-changing results. TGen is affiliated with City of Hope, a world-renowned independent research and treatment center for cancer, diabetes and other life-threatening diseases: www.cityofhope.org. This precision medicine affiliation enables both institutes to complement each other in research and patient care, with City of Hope providing a significant clinical setting to advance scientific discoveries made by TGen. TGen is focused on helping patients with neurological disorders, cancer, diabetes and infectious diseases through cutting-edge translational research (the process of rapidly moving research toward patient benefit). TGen physicians and scientists work to unravel the genetic components of both common and complex rare diseases in adults and children. Working with collaborators in the scientific and medical communities worldwide, TGen makes a substantial contribution to help our patients through efficiency and effectiveness of the translational process.

Allianz Life Insurance Company of North America (Allianz Life®) today the launch of the Allianz Life Pro+ Advantage^SM Fixed Index Universal Life (FIUL) Insurance Policy, which will serve as the company’s flagship FIUL product. Life Pro+ Advantage was built to be in compliance with the 2020 commissioners standard ordinary (CSO) mortality table. Life Pro+ Advantage offers enhanced flexibility and control, including multiple ways to access available cash value via policy loans and withdrawals¹ and the unique index lock feature that provides the ability to lock in indexed interest credit at any point during the crediting period, prior to the policy anniversary².

“We’ve listened to both financial professionals and their clients and determined the desire for products that can help meet multiple financial needs is stronger than ever,” said Jason Wellmann, senior vice president of Life Insurance Distribution for Allianz Life. “With Life Pro+ Advantage, people can get the reassurance provided by death benefit protection while also adding the flexibility to address other financial needs, including emergencies, college funding, and supplemental retirement income¹.”

According to the Allianz Life 2019 Life Insurance Needs Survey*, 81 percent of respondents said that the ability to have access to multiple sources of retirement income was an important aspect of financial planning. The same percentage said it was important to have the flexibility to make changes to their assets to meet changing needs, and nearly 70 percent said they want the ability to fully fund college accounts should they die early.

As part of an overall financial portfolio, Life Pro+ Advantage provides the opportunity to help address these needs via both indexed and fixed interest loans, which can be taken against any available cash value in the policy income-tax-free.1 Policyholders can also access available cash value via withdrawals (partial surrenders) or full surrenders to use the cash value at any time–for any reason.

Life Pro+ Advantage can help people prepare for all stages of life by providing their beneficiaries with a death benefit that is generally income-tax-free as well as the ability to build accumulation value tax-deferred without losses due to market volatility, although fees and charges will reduce policy values.

Policyholders can utilize multiple index allocation options (which include a combination of several indexes and crediting methods), with several indexes only offered by Allianz Life, including the Bloomberg US Dynamic Balance Index II and the volatility controlled PIMCO Tactical Balanced Index. Also new with Life Pro+ Advantage, policyholders can choose between index allocations that include the following options:

• A select index allocation that includes the opportunity for a 40 percent guaranteed interest bonus rate and one percent annual asset charge3;
• A bonused index allocation that includes the opportunity for a 15 percent guaranteed bonus rate and no asset charge³;
• Standard index allocations that do not include an interest bonus.

In addition, the unique index lock feature is a first of its kind in the FIUL marketplace and offers policyholders the ability to lock in their indexed interest credit at any point during the crediting period, prior to the policy anniversary. This helps to protect against a zero percent index credit for the crediting period, no matter what happens during the remaining months. This feature is available with the Bloomberg US Dynamic Balance II ER Index and PIMCO Tactical Balanced ER Index.

“More than 90 percent of respondents in our survey said the ability to save enough to retire comfortably was a top priority when planning for their financial future,” added Wellmann. “We’re confident the newest version of our Allianz Life Pro+ FIUL product line will help Americans as they plan to accomplish multiple goals.”

For more information about Life Pro+ Advantage as well as important index information and disclosure, visit www.allianzlife.com/life-insurance.

Most life insurance policies require health underwriting and financial underwriting. Life insurance involves certain fees and expenses. Individuals should discuss with their financial professional whether a life insurance policy helps meet their needs.

The indexes available within the policy are constructed to keep track of diverse segments of the U.S. or international markets, or specific market sectors. These indexes are benchmarks only. Indexes can have different constituents and weighting methodologies. Some indexes have multiple versions that can weight components or may track the impact of dividends differently. Although an index may affect your interest credited, you cannot buy, directly participate in or receive dividend payments from any of them through the policy.

1. Policy loans and withdrawals will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. If a policy is a modified endowment contract (MEC), policy loans and withdrawals will be taxable as ordinary income to the extent there are earnings in the policy. If any of these features are exercised prior to age 59½ on a MEC, a 10 percent federal additional tax may be imposed. Tax laws are subject to change. You should consult a tax professional.
2. The index value used to determine interest credited may be higher or lower than the index value at the time of request.
3. Bonus products may include higher surrender charges, longer surrender periods, lower caps, or other restrictions that are not included in similar products that don’t offer a bonus. There is no guarantee that a policy will be credited with an interest bonus every year as it is based on the growth of an external index.

Guarantees are backed by the financial strength and claims-paying ability of the issuing company.

Product (P64339) is issued by Allianz Life Insurance Company of North America.

Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® in 2019, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2018, Allianz Life provided $2.8 billion in benefit payments that helped policyholders achieve their financial goals. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 142,000 employees in more than 80 countries.

Allianz Life Insurance Company of North America offers insurance and annuities in all states except New York. In New York, products are issued by Allianz Life Insurance Company of New York.

*Allianz Life Insurance Company of North America conducted an online survey, the 2019 Life Insurance Needs Survey, in March 2019 with 800 respondents age 35-60, having an annual household income of $100K+.

Amalgamated Life Insurance Company, a leading provider of comprehensive insurance solutions, will now be providing a voluntary whole life insurance solution from Security Mutual Life Insurance Company of New York. The product, Whole Life LP95, offers guaranteed coverage for those who meet the eligibility requirements as well as guaranteed premiums and strong cash values. Coverage is available for individuals and their spouses age 18 to 72. Additionally, coverage can be obtained for children and grandchildren age 14 days up to and including age 26. Individuals can purchase this insurance for their family members without having to purchase life insurance for themselves.

The Whole Life LP95 insurance product allows individuals to select the death benefit and policy riders that best meet their financial goals. Competitive, affordable premium rates are based on the benefits selected and start as low as $2.00 per week. Paying premiums is convenient through the ease of payroll deductions thereby eliminating the need to wait for an insurance bill and pay by check.

Whole Life LP95 provides permanent insurance protection, even if the insured has a change in health, as long as premiums are paid. There is also the option to elect paid-up coverage in a reduced amount to cease ongoing premium payments provided sufficient value exists in the policy.

For more information, visit: www.amalgamatedlife.com.

Founded in 1943, Amalgamated Life Insurance Company has since grown into a leading provider of comprehensive insurance solutions operating in all 50 states and the District of Columbia. The Company provides competitive group products including term life, medical stop loss, disability and specialty drug cost management, as well as voluntary products such as accident, accidental death and dismemberment, critical illness, dental, disability, hearing, ID theft, legal, portable term life and whole life, among others. Since 1975, Amalgamated Life Insurance Company has consistently earned the “A” (Excellent) Rating from A.M. Best Company attesting to its strong fiscal position. The Company is a member of the Amalgamated Family of Companies which also includes: AliCare, a third-party administrator; AliCare Medical Management, a medical care management firm; AliGraphics, a full-service printing and graphics firm; and Amalgamated Agency, a property and casualty brokerage.

Not having enough assets to generate income in retirement or losing assets because of market downturns are common concerns of those preparing for retirement, but whole life insurance as part of a solid retirement strategy can do more to alleviate those issues than many people might think, a recent report shows.

Integrating Whole Life Insurance into a Retirement Income Plan: Emphasis on Cash Value as a Volatility Buffer Asset, by Wade D. Pfau, Ph.D., CFA, and Michael Finke, Ph.D., CFP, considers several asset scenarios of people preparing for retirement. In each case, scenarios including cash value of life insurance policies result in more income for retirees down the road than scenarios that don’t include whole life insurance.

“This report shows that using insurance with other investments can really lay the foundation for better outcomes in retirement,” said Pfau, professor of retirement income at The American College of Financial Services in Bryn Mawr, PA. “We often hear that we don’t need life insurance in retirement because we have investments, but this research shows it’s harder for the market to beat a strategy with both life insurance and investments.”

One scenario in which life insurance can pave the way for a greater income during retirement than investments alone is by using the cash value of life insurance as a source of income in years with market downturns. This “volatility buffer” scenario uses a policy’s cash value to draw as income in the year following a market downturn, rather than deplete retirement assets faster than expected because of lower-than-anticipated investment returns.

“Most people know that whole life insurance can protect a legacy and provides for those left behind when someone dies,” said Chris Coudret, vice president, Strategy and Business Development, OneAmerica®. “But we also know that people find peace of mind in the guaranteed cash value that whole life, or permanent, insurance can provide. This report demonstrates that cash value can also help mitigate inherent market risks in an investment-based retirement strategy.”

An advantage of life insurance as part of a retirement strategy is that it provides guarantees that market-based investments can’t, said the report’s co-author. “I prefer to incorporate life insurance cash value into an overall investment portfolio as part of a retiree’s bond allocation,” said Finke, dean and chief academic officer at The American College of Financial Services, which has helped financial services professionals realize their career goals through rigorous and practical education since 1927. “One important advantage of cash value over a traditional bond mutual fund portfolio is the protection against a decline in value if interest rates rise.”

To learn more about whole life and annuity products and to be connected with a financial professional, visit www.oneamerica.com.

OneAmerica is the marketing name for the companies of OneAmerica. Life insurance should be purchased by individuals that have a need to provide a death benefit to protect others with insurable interests in their lives against financial loss. Life insurance is not a retirement plan, investment, or savings account.

Withdrawals and loans from a life insurance policy reduce the death benefit and cash value, may increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

Guarantees are subject to the claims paying ability of the issuing insurance company.