Dear valued FMO Principals and Marketers:
As you know, one of our top priorities is to continually provide you and your agents with products that are good for the consumer, our distribution, and Allianz. Our goal is to achieve a balance between these priorities and provide features, benefits, and compensation that are competitive in the industry. Because of this, the following changes will be made to the MasterDex XSM Annuity in all states:
Effective Tuesday, July 7:
July Rate Watch changes (2,161K PDF)
- The premium bonus will be increased from 8% to 10%
- Caps and interest rates will be increased
Effective Tuesday, July 21:
- First-year top GA commissions on the MasterDex X will be decreased by 1% for all commission options (A, B, and C)
Membership has its rewards
Although commissions are decreasing on the MasterDex X, now more than ever Masters Forum Club membership has its rewards. Producer Perks on MasterDex X business remain unchanged and club members will earn up to a 1% commission bonus on MasterDex X premium issued in 2009 at the reduced commission level described above. Plus, watch for information coming soon on the Allianz Suitability Advantage Program, our newest benefit for you and your club members.
For details regarding the commission bonus and important dates, view the business rules (2,161K PDF).
Thank you for your continued support and dedication to Allianz. We have the strength to deliver, as proven by our reaffirmed ratings and our capacity to issue and service your business. If you have any questions regarding these changes, please contact your divisional vice president.
Regards,
Eric
