Old Mutual Financial Network
Either mail or fax applications, not both!
With a strong market presence and demonstrated success in the industry, the companies that comprise Old Mutual Financial Network (OMFN) are dedicated to growth and diversification in the U.S. market. Proof of OMFN’s fortitude is evidenced by the life companies’ combined assets of $22.9 billion and over 758,000 policyholders nationwide.
Old Mutual Financial Network is the marketing name for Fidelity and Guaranty Life Insurance Company, Fidelity and Guaranty Life Insurance Company of New York and Americom Life Insurance Company. As the flagship company of OMFN, Fidelity and Guaranty Life Insurance Company—headquartered in Baltimore, Maryland—offers a diverse portfolio of annuities and life insurance products to help families and businesses achieve secure financial futures.
Incorporated in 1959, we are licensed in 50 states and in the District of Columbia. In New York, products are available through a wholly owned subsidiary.
Fidelity and Guaranty Life is a member of the Old Mutual plc group of companies. Founded in 1845, the London based Old Mutual is active in life insurance, asset management, banking, and property and casualty insurance. Old Mutual maintains its primary listing on the London Stock Exchange (LSE: OML) and ranks as a FTSE 100 financial services group.
Holding Company. Founded in 1845, Old Mutual plc is a world-class international financial services company, with expanding operations in life assurance, asset management, banking and short-term, general insurance.
The Old Mutual group managed in excess of $234 billion in funds as at June 30, 2001 and has approximately 3.8 million life assurance policyholders, 2.4 million banking customers, 400,000 short-term insurance policyholders and more than 900,000 unit trust accounts worldwide. Old Mutual's primary listing is on the London Stock Exchange (symbol OML) and it is a FTSE 100 financial services group, and ranks as a Fortune Global 500 company.
To enroll
After contracting, you will be assigned a username and password along with an agent code. Call Old Mutual at (800) 445-6758 and ask for sales support to obtain your password. Please have your agent number ready and they will instruct you on how to set up your account.
Contracting Information
Direct deposit is optional.
E&O is not required, but recommended.
If you are already contracted for both Life and Annuity under the same MGA you may not split the contract.
You will not actually be appointed until you submit your first piece of business.
Commissions are paid every Saturday. All requirements must be received by the prior Thursday. A check is mailed the following Monday or Tuesday. Direct deposit is available. Commissions must be more than $100 to have a check or EFT issued. You will not be mailed commission statements if you are registered for SalesLink, so be sure you are checking your commissions online.
Appointment Renewal
All state renewal appointment fees are paid by OM Financial Life. Agents must initiate business within the 18 months preceding the state appointment renewal in order to maintain their contract and appointment with OM Financial Life. Those states with perpetual renewal are monitored on a monthly basis.
Releasing Agents
Requests to transfer an agent from one hierarchy (network) to another are handled using the following guidelines:
Agent Releases - Life Agents
Contract Effective Date or Hierarchy Effective date is greater than 90 days and there has been no submitted business within the past three months.
If an agent has been contracted over 90 days and there has been production in the last 12 months, but no new business in the past 6 months, the agent can move to a different hierarchy. The agent will need to remain at the compensation level for a period of three months before any increase will be considered. Any agent that becomes a non-producer for the purpose of moving hierarchies after the six-month period will not be eligible to re-contract unless it is under the prior hierarchy.
Agent Releases - Annuity Agents
Appointment date is greater than six months and no submitted business within the past six months.
A Vector check will be completed on all hierarchy change requests to ensure agent is in good standing within the industry. If we determine there is an outstanding Vector we will require proof the agent has worked out a payment plan with the carrier noted. If Vector is not resolved, we reserve the right to terminate the agent's OMFN appointment providing 30-day notice. If there is an outstanding OMFN agent debit balance outstanding, the debt must be paid in full prior to any transfer/hierarchy change.
Agents/Agencies with an outstanding debit balances are required to pay the balance in full prior to any consideration of a hierarchy release. We may permit the reduction of agent debt to be offset by submission of new business within the initial thirty days. The agent needs to obtain an unconditional release from their current MGA; if an agent has never produced business they will be able to receive up to street level compensation. Any request for an above street level contract will require Home Office Approval.