June is Annuity Awareness Month
follow us on LinkedIn to keep up with unique ways to build Income Protection Planning into your client conversations. Many carriers have increased interest rates/cap rates the last couple weeks. Contact Cathy Barner for assistance with case design.
Prudential is re-pricing their Founders UL (current assumption) to bring down prices and extend the natural guarantee to age 90 and above effective June 15. This gives good cash build-up potential for those traditional GUL cases, with the ability to add the Chronic Illness protection.
American General -Select-a-Term® delivers new, lower, market-leading prices and 17 tactical term periods, plus lower rated-case pricing. Visit aig.com/termlife for transition rules and to learn more. Rates have dropped as much as 16%.
North American just released their updated Rapid Builder IUL. It's great for those short pay accumulation sales, and offers 13 different index options. They also have added additional commission options including: Heaped, Heaped/Asset Trail, % of Premium, and Asset based. Contact Nick Weiler for more details.
Transamerica will be raising monthly deduction rates on several universal life products sold from 1987 to 1998. Starting June 8, mailings will be sent to producers who have sold any of the blocks selected. Letters will then be sent out to affected clients outlining any changes. Click here for more details.
Nationwide has enhanced the YourLife CareMatters to deliver a greater LTC benefit pool, and the cash indemnity design provides maximum flexibility for clients. They also offer a ROP and a 20% guaranteed residual death benefit. Click here for more.