May 2009 Archives
Forethought Agents
Forethought Destination Indexed Annuities
REMINDER: Temporary Partial Commission Holds - Effective May 25, 2009
Sales of Forethought Destination Indexed AnnuitiesSM often result in sizable commission payments that may lead to chargebacks if the policy-owner exercises the free-look provision. To reduce chargebacks, and our collective exposure to debit balances, beginning May 25, 2009, we will be implementing a new commission-hold policy.
We will now pay the first $10,000 - $15,000 of commission (depending on what level your IMO has elected) at the time of contract issue. The remainder will be held until the client-signed Policy Delivery Receipt has been received by Forethought AND the free-look period has expired. The free-look period may vary by state, but begins on the contract delivery date. Policy Delivery Receipts are included with every issued Forethought Destination Indexed Annuity policy and client signatures are required in all circumstances.
For any questions, contact AMZ at (866) 204-7712
LTC Webinar Series
June 11th - LTC Products Overview
July 9th - LTCI in this economy
August 13th - Why this is the best time to sell LTCI
LSW's Competitive Edge
LSW Announces New Annuity Interest Rates
Life Insurance Company of the Southwest (LSW) continues to be an industry leader in offering competitive interest rates on its traditional fixed and indexed annuities. Due to a decrease in investment yields, LSW has lowered its indexed annuities’ Point-to-Point Caps and Declared Rates (effective 5/22/09 for FPDAs and 5/29/09 for SPDAs). However, it is increasing its Point-to-Daily Average rates since volatility has lessened. LSW also has to decrease the traditional fixed rates (effective 5/26/09).
You can view LSW’s credited interest rate history firsthand, as we make our rate history available at www.lifeofsouthwest.com or www.nationallife.com.
| Point-to-Point | Point-to-Daily Average | Declared Rate | |||
|---|---|---|---|---|---|
| Index Rate | Cap | Index Rate | Cap | ||
| SecurePlus Platinum | 100% | 10.00% | 62.50% | N/A | 4.80% |
| SecurePlus Gold (Policies issued after April 21, 2006) |
100% | 8.50% | 52.50% | N/A | 4.15% |
| SecurePlus Gold* (Policies issued before April 21, 2006) |
70% | 9.00% | 52.50% | N/A | 4.15% |
| SecurePlus Silver | 100% | 7.50% | 47.50% | N/A | 3.70% |
| SecurePlus Elite (TSA/457 Only) |
100% | 8.75% | 55.00% | N/A | 4.30% |
* Rates also apply to SecurePlus Flex, SecurePlus Select, SecurePlus TSA, and SecurePlus Select TSA.
| Point-to-Point | Point-to-Daily Average | Declared Rate | Immediate Interest Credit | |||
|---|---|---|---|---|---|---|
| Index Rate | Cap | Index Rate | Cap | |||
| SecurePlus Accumulator 5 | 100% | 9.50% | 60.00% | N/A | 4.45% | 5.00% |
| SecurePlus Accumulator 3 | 100% | 8.25% | 50.00% | N/A | 3.95% | 3.00% |
| SecurePlus TLC | 100% | 8.35% | 50.00% | N/A | 4.00% | N/A |
SecurePlus Saver Series Interest Rates
LSW has a history of offering excellent fixed and indexed annuities and very competitive rates. This tradition is carried on in the new SecurePlus Saver Series of indexed annuities.
The SecurePlus Saver Series Single Premium Deferred Annuities are designed with integrity in pricing and rates. Unlike other companies, we publish our credited interest rate history. That history is available at www.lifeofsouthwest.com or www.nationallife.com.
| S&P 500® | ||||||
|---|---|---|---|---|---|---|
| Point-to-Point Option 1 | Point-to-Point Option 2 | Point-to-Daily Average | ||||
| Index Rate | Cap | Index Rate | Cap | Index Rate | Cap | |
| SecurePlus Saver | 100% | 7.25% | 50% | 8.25% | 45.00% | N/A |
| SecurePlus Saver Select | 100% | 7.75% | 50% | 9.00% | 47.50% | N/A |
| SecurePlus Premier 3 (3% Immediate Interest Credit) |
100% | 7.85% | 50% | 9.00% | 50.00% | N/A |
| SecurePlus Premier 8 (3% Immediate Interest Credit and 5% BAV) |
100% | 8.00% | 50% | 9.00% | 50.00% | N/A |
| Russell 2000® | Declared Rate | ||||
|---|---|---|---|---|---|
| Point-to-Point Option 1 | Point-to-Point Option 2 | Fixed Rate | |||
| Index Rate | Cap | Index Rate | Cap | ||
| SecurePlus Saver | 100% | 7.25% | 50% | 8.00% | 3.25% |
| SecurePlus Saver Select | 100% | 7.75% | 50% | 8.85% | 3.65% |
| SecurePlus Premier 3 (3% Immediate Interest Credit) |
100% | 7.85% | 50% | 8.85% | 3.75% |
| SecurePlus Premier 8 (3% Immediate Interest Credit and 5% BAV) |
100% | 8.00% | 50% | 8.85% | 3.75% |
| Base Interest Rate | Additional Interest | First Policy Year Interest Rate† | |
|---|---|---|---|
| Flexible Premiums | |||
| RetireOne | 3.50% | 1.00% | 4.50% |
| RetireTwo | 3.80% | 1.00% | 4.80% |
| RetireThree | 4.00% | — | 4.00% |
| RetireFour | 4.50% | 1.00% | 5.50% |
| RetireFive | 3.50% | 5.00% | 8.50% |
| RetireMax Roth Advantage | 3.80% | 1.00% | 4.80% |
| TSA Flexible Premiums | |||
| RetireMax FPDA I | 3.50% | 1.00% | 4.50% |
| RetireMax FPDA II | 3.80% | 1.00% | 4.80% |
| RetireMax FPDA III | 4.00% | — | 4.00% |
| RetireMax FPDA III Plus | 3.90% | — | 3.90% |
| RetireMax FPDA IV | 4.50% | 1.00% | 5.50% |
| RetireMax TSA 90 | 3.90% | — | 3.90% |
| Texas Star (Texas only) | 4.00% | — | 4.00% |
| Texas Star + (Texas only) | 3.90% | — | 3.90% |
| Texas Choice (Texas only) | 3.90% | — | 3.90% |
| RetireMax Millennium Flex | 3.50% | 5.00% | 8.50% |
†Interest rate for one year on premiums paid in the first Policy Year. The Base Rate is the rate payable on premiums paid in renewal years.
| Base Interest Rate | Additional Interest | First Policy Year Interest Rate | |
|---|---|---|---|
| Single Premium | |||
| RetireMax Millennium Plus | 3.50% | 5.00% | 8.50% |
| RetireMax TLC | 3.75% | — | 3.75% |
| SureRate 2 For Single Premiums $25,000 to $99,000 |
2.00% | — | 2.00% |
| SureRate 2 For Single Premiums $100,000 |
2.15% | — | 2.15% |
Annuity Rate Information is for AGENT USE ONLY.
These annuity rates will be applicable for all premiums received on or after the dates indicated on the annuity products shown. Premium received after 12 p.m. (Central Time) will have an effective date of the following day and will receive the rate effective on that date. If the 21st is a Saturday, Sunday, or a recognized national holiday, premium must be received by 12 p.m. Central Time the business day immediately preceding the 21st. Not all annuity products are approved in all states. Please check the State Approvals for each annuity product for availability.
** Policies issued on the 7th, 14th, 21st, and 28th of each month.
“Standard & Poor’s”, “S&P”, “S&P 500”, “Standard & Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Life Insurance Company of the Southwest. The products are not sponsored, endorsed, sold, or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the products.
The Russell 2000 Index is a trademark of the Russell Investment Group and has been licensed for use by Life Insurance Company of the Southwest. The products are not sponsored, endorsed, sold, or promoted by the Russell Investment Group and Russell Investment Group makes no representation regarding the advisability of purchasing the products.
Commission Structure Change
Just Approved in California
Retirement Gold is now approved in California.
12% premium bonus and 8% Income Rider Roll-up
Submitting New Business
Submitting New Business Application
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Fax contracts to (866) 409-2359
Nacolah 151A Update
On May 8, 2009, the United States Court of Appeals for the D.C. Circuit will hear oral argument in the litigation challenging Rule 151A. North American's Second Vice President and Associate General Counsel, Brian Hansen, will be in Washington, D.C. to attend the argument. He has been actively involved in the litigation against Rule 151A, including assisting our outside counsel with drafting the briefs and preparing for oral argument in this matter.
Join us to get the latest updates on 151A
AMZ IUL Competitive Analysis
AMZ Contracted Agents - Request Here
Non-Contracted Agents - Request Here
Questions? Call Jeff Janes at 866-204-7712
