| • Weekly Newsletter, February 11, 2010 | • Weekly Newsletter, December 17, 2009 |
| • Weekly Newsletter, January 13, 2010 | • Weekly Newsletter, December 9, 2009 |
02/09/2010New Life Insurance Application for Old Mutual Producers
Effective immediately, the newly revised and reformatted life insurance application is available on SalesLink for download and order in approved states.
01/21/2010Commission Changes to Traditional Annuities
Effective February 2, 2010, OMFN will reduce the compensation on their Traditional Annuities.
01/13/2010New Life Insurance Application for Old Mutual Producers
Effective immediately, the newly revised and reformatted life insurance application is available on SalesLink for download and order in approved states. The attached guide can be used to determine the form number by state (refer to column highlighted in yellow).
01/20/2010Changes to NL and LSW IUL Caps and Participation Rates
Please note the following changes to the participation rates on NL and LSW IUL products' index crediting strategies and their corresponding effect on the maximum illustrated rates.
12/22/2009LSW Annuity New Business Processed at National Life in Dallas, Texas
LSW annuity new business applications, internal and external replacements associated with new business, and initial premium payments are processed at National Life in Dallas, Texas.
12/23/2009Rate Reduction on NL AssurePlus Protector
The interest rate for NL AssurePlus Protector will be reduced to 5.00% from 5.50% effective January 1, 2010.
12/21/2009New Florida Suitability Requirements Effective Dec. 25th
Please be aware that beginning on December 25, 2009, the Florida Office of Insurance Regulation will begin requiring us to collect two new annuity suitability and replacement forms that were specifically created by them.
12/17/2009Ready to Submit 2010 Annuity Business? Important Suitability Information
Beginning January 1, 2010, most annuity applications that you submit will require the new Traditional Fixed and Fixed Indexed Annuity Suitability Form (Form No. 10068).
04/10/2009Minnesota Life - New Business Reminder - Approved Vendors for Exams
Please us the following approved vendors when ordering exams: EMSI, Porto Med, or Exam One.
01/27/2010American General Rate Change
American General Deferred Rates are changing on Traditional Fixed Annuities effective Monday, February 1, 2010. The Index Annuity Rates apply to applications received on or after February 5, 2010 with a February 12, 2010 issue date.
01/22/2010Withdrawal Bulletin from ING
Withdrawals in Excess of the Maximum Annual Witdrawal Amount
02/17/2010North American Annuity Interest Rates Effective February 23, 2010
Are going down. Download the newly updated rate sheet today!
02/02/2010North American Charter Cap Rate Only Annuity
Up to 11% Premium Bonus, Index Cap Rate Only, Diverse Line of Indices, 3 Surrender Charge Period Options - 7, 10 or 14-year options, and Multiple Crediting Options
01/29/2010The North American Paramount Choice Ten is Back
We've brought back another option for your clients' needs. With the Paramount Choice Ten® Fixed Index Annuity.
01/28/2010North American's New Interactive Voice Response System
There's no need to wait in line to get your questions answered. Simply use North American's Interactive Voice Response (IVR)
01/14/2010New North American Annuity Application for Washington
The transition of this new application will take place over the next 15 days. You can still use the current application until 1/31/10. You can begin ordering the new application immediately on-line.
02/02/2010Reliance Standard - Premium Limit Increase for SPIA Business
Premium Limit for Immediate Annuities Increases to $250,000.
01/07/2010Reliance Standard - AM Best Strength Rating Affirmation: "A"
I am pleased to announce that the AM Best Company affirmed the Financial Strength Rating of “A” (Excellent) this past December and that Standard & Poor’s affirmed the Financial Strength Rating of “A” (Strong) this past November.
01/05/2010Reliance Standard - Keystone Index Renewal History!
The Keystone Index was introduced back on Oct 2007, and we now have a few years of renewal history that we can publish. As you can see, the Index annuities sold with original caps at around 8.5% and 9.0% have renewed at those same rates.
12/29/2009Reliance Standard, Important Form Changes, Effective 1/1/2010
FL and AK both recently enacted legislation that will necessitate significant form changes in each state, and Reliance Standard has also updated its current Suitability Form. Effective on January 1, 2010.
01/27/2010Changes and Trends for Allianz's Contracting and Licensing
Headlines - New Contracting paperwork, Mandatory EFT, Solicitation Guidelines, Missing Requirements, and Request for Status or Info.
01/05/2010Life Insurance Caps are Increasing
Effective 1/5/2010 we are increasing our annual point-to-point caps for new business on GenDex Momentum®, GenDex Foundation®, and GenDex Survivor® Fixed Index Universal Life Insurance Policies.
12/30/2009MYGA Rate Watch - January 5, 2010
Upcoming rate changes for Multi-year Guarantee Annuities - January 5, 2010. Interest rates may change weekly. This reflects the most recent interest rate updates and should replace any previous version you have printed or downloaded.
12/30/2009URGENT! New Contracting Forms Attached
January 1st, 2010, we will accept product line specific contracts. This means that agents will be able to contract specifically for each line of business. To accommodate this change, we now require that the product lines be specified when dealing with an agent's contracting paperwork. This means our contracting paperwork is changing.
01/12/2010Focus Term Series Updates
We will implement the following changes to our Focus Term Series, effective February 1, 2010
02/15/2010Lincoln Fixed Annuity Leader - February 2010
The Lincoln Leader contains product and business implementation information for Lincoln fixed and fixed indexed annuities.
01/22/2010Important: Lincoln Fixed Annuity Rates for February
Fixed annuity rate changes are effective 2/1/10. Fixed indexed annuity rate changes are effective for applications received on or after 2/1/10.
12/29/2009Lincoln Fixed Annuity Rates for January
Fixed annuity rate changes are effective 1/1/10. Fixed indexed annuity rate changes are effective for applications received on or after 1/1/10.
12/29/2009 Fixed Annuity Lincoln Leader - December 2009
(1) Now Available SmartIncomeSM Inflation Fixed Annuity Payout Option, (2) Book of Business Report, (3) New FL Req eff 12/25/09, (4) AK Reminder, (5) CA Medi-Cal Requirements, (6) LFIT / Mobility Tip of the Month
02/19/2010American Equity - Certification of Trust Agreement Form #4258
We hope that you find this new form useful and strongly believe this will improve the process for everyone.
02/12/2010Western Reserve Life - Exciting News from the WRL Commissions Department!
The WRL Commission Department is excited to announce that commission statements are now available on our web site to all agents directly appointed and contracted with WRL.
02/10/2010Sagicor Sales Update - New Lower Rates for ZZ Term!
Beginning February 16, 2010 the rates are coming down on the 10 & 20 year ZZ Term.
02/04/2010Mutual of Omaha - February LTC Update: Compelling Stories Sell LTCi
Monthly Long-Term Care Update from Mutual of Omaha
02/01/2010American Equity - AEL Reaffirmed AM Best
We are pleased to announce that A.M. Best has re-affirmed our financial strength rating of “A-” Excellent.
01/29/2010American Equity - Commission Incentive Starts February 1st!
Earn and Extra 1% COMMISSION through April 2, 2010.
01/28/2010Rate Change for EquiTrust Annuities
Rate Change for Index Annuities, Certainty Select & ChoiceFour. Effective Thursday, February 4, 2010.
01/27/2010Western Reserve Life - New Automated Fax Confirmation System
WRL New Business has established an automated fax confirmation system designed to quickly locate your inbound faxes.
01/26/2010Genworth Bulletin - New Substandard Rates for Colony Term UL
When Colony Term UL was launched in November the substandard premiums were not comparable to the term market. In response, GNW will make an adjustment to the pricing, effective 2/1/2010.
01/25/2010Sagicor Life SPIA "Combo" Announcement
New “Combo Sale” as a unique solution to effectively move deferred annuity funds utilizing our Single Premium Immediate Annuity to purchase our Fixed Indexed 7-Pay Whole Life Insurance Policy.
01/19/2010Dearborn National Annuity Update
Individual Product Line Update: 2010 Roth IRA rules and Idaho Regulation
01/15/2010American Equity Wisconsin Designation Memo
Wisconsin Ins. 6.90 Prohibited uses of senior-specific designations
01/07/2010American Equity Retirement Gold Removal in UT
Effective immediately, the state of Utah has disapproved our Retirement Gold (RG-FIA-09) product.
03/12/2010Efficient Contracting Solution Update
Weekly Carrier Form Changes for March 6 to March 12, 2010
12/16/2009Insurance CE Update: 4th Quarter 2009 12/31/09
Changes in State CE Requirements and Processes.
12/10/2009Iowa Long-term Care insurance agent training requirement 12/31/09
Effective immediately, a 1-time training course of at least 8 CE credits, in subjects related to long-term care insurance, must be completed prior to selling any LTCi in Iowa.