Year-End Term Conversion Program
Program runs through December 31, 2020
Normally, when a client converts a term policy within the first 24 months to a Securian permanent policy, the term conversion credits are also deducted from the commissionable target premium, commonly referred to as a “target offset.” Beginning October 1, 2020, and continuing for the rest of the year, Securian will waive target offsets for qualifying cases.
Program Details:Benefit: Target offset is waived on permanent product
Eligible policies: Term policies less than 25 months old placed before October 1, 2020
Time frame: Term conversions occurring between October 1, 2020, and December 31, 2020, with resulting permanent policy’s initial premium paid on or before December 31, 2020
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