ACLI and NAIFA Fear New DOL Attacks on Commissions
What will happen after the fiduciary enforcement delay ends?
Life insurance groups are wondering whether the U.S. Department of Labor will put off enforcing the current version of the fiduciary rule, then come back with new regulations that continue what the groups see as an attack on commission-based life insurance and annuity product distribution efforts.
New Minimum Face Amount Limits on Symetra UL-G, CAUL, and Term Products
Effective October 19, 2017
Effective October 19, 2017 we will be increasing the minimum face amount limits on our Symetra UL-G, CAUL and Symetra Term products. These increases in face amount limits are consistent with other carriers. New minimum face amount limits are as follows:
Successfully training new financial advisors is challenging. Clay Gillespie, CFM, CIM, a Top of the Table qualifier and managing director at a 60-person firm in Canada, talks about training some of the industry's best advisors.
Provide Protection Through Life at Competitive Premiums
Life Protection AdvantageSM IUL is designed to provide clients with protection through life. With Age Last Birthday, this product dominates much of the full-pay Indexed Universal Life (IUL) market when carrying the product to age 120 at an assumed interest rate of 6 percent. Even at a more conservative assumed interest rate of 5 percent, the product remains extremely competitive.
SBLI has a program that will allow clients 18-60 applying for $500,000 or less to purchase coverage and never have to do an exam.
We feel like saving time in underwriting and delivering a better customer experience is worth the extra cost. In fact, beginning April 3, 2017, we will be contacting you about the option of moving a case each time we receive an application that fits into the parameter of the program.
The TBA Mobile App was designed to give advisors the ability to be more efficient while away from the desk. This app has all of the tools needed to create sales as well as process paperwork more efficiently. It can be downloaded on your phone or tablet. It is available to download for free from the app stores of A
ndroid, and Kindle.