The purpose of this filing is to request a rate decrease for GTL1.0-P-DC, et al. Colonial Life is making changes to the rates for its group term life product offering. The net effect of these proposed changes is expected to be a 5% rate decrease. The forms and rates affected by this filing were approved by the Department on 08/16/2011 under SERFF Filing Number UNUM-127084857.
The adjustment factors included in this filing are:
- Base Rates: Adjustments have been made to our base mortality rates for all ages and genders. Waiver, Non-waiver and Retiree rates are included in this update, in Tables A1-A3.
- Rate Adjustment Factors.
- Basic Nonmedical Maximum Tables.