Actuarial Guideline 49 (AG49)
is a new regulation mandated by the NAIC which sets a common methodology for how insurance carriers can calculate their maximum illustrated interest rate for IUL policies. This new guideline will only impact how IUL policies are illustrated, not how they actually function. Starting September 1, 2015 all carriers will be required to abide by AG49, and maximum illustrated rates will decrease from .5% -2% depending on the carrier's cap and floor rates.
Nick Weiler for more details or click to see specific carrier notice:
continues to provide exceptional Indexed annuities that create Lifetime Income guarantees. They were recently upgraded to A+ by A.M. Best. Click
for more information.
Cathy Barner to talk about their products and how they might fit into your client's portfolio.
is currently in the process of transitioning a large number of policies over to
During the transition some scheduled drafts have been delayed, and there could be limited access to inforce information. Please
Blaine Williams with any questions.
Banner re-priced their OPTerm rates effective August 10. All blocks were decreases. They are currently in the top three carriers 56% of the time.
Protection IUL is now available with their LTC rider and the Vitality program (in approved states). Click
for more details.
added a new sales concept to utilize permanent insurance to overcome clients who make too much as a ROTH IRA alternative.
has developed a suite of materials focused on helping your clients understand Social Security and how it fits into their plan. Click
for promotional and seminar materials as well as access to their Social Security Explorer.
announced last week that it is being acquired by Sumitomo Life of Japan. This should not affect any operations or products, and have confirmed that they are back to business as usual. Click
for the details.