Tuesday Tips – February 14th, 2017

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2017/02/02-14-17.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

North American California Products

North American has added several products to be available for sale in the state of California effective Tuesday February 14th. The rereleased products include RetireChoice 10, 14, IncomeChoice 10, Charter Plus 10, Guarantee Choice 3-5. Call today for additional details.

Allianz E Apps

Allianz’s E App, ApplyNow is now available for life insurance applications. E Apps must be completed on Allianz’s website. Call for additional details.

Sales Concept

1040 Overlay

Tax time is right around the corner and presents a great opportunity to help clients reduce taxation of income. While most accountants focus on how to reduce taxes in the current year there are a variety of products and strategies provided by advisors that can help with long term tax planning. LFP is making available 1040 overlays as well as a tax strategy guide that can be used to highlight areas of opportunity and strategies that can help a client reduce taxation on their income.

Industry News

DOL Moves to Delay Fiduciary Rule

The Department of Labor on Friday filed a notice with the OMB to delay implementation of the fiduciary rule. The move came in response to President Trump’s request that the rule be reevaluated. While the length of the delay hasn’t been announced it’s expected to be 180 days.

Hot Rates

Ascent Accumulator 5

Looking for a short term product with high upside potential? The Athene Ascent Accumulator 5 is a 5 year product with annual point to point caps in the S&P as high as 5.25%. In addition to this the product offers several index options including a participation rate strategy as high as 125%. The product also offers a fixed rate of 2.25% and writes to age 85. Call today for additional details.

Please fill out the form below to learn more

Tuesday Tips – February 7th, 2017

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2017/02/02-06-2017.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

F&G MYGA Special

Effective February 6th F&G is offering a 3.10% rate on their Guarantee-Platinum 5 year MYGA.  All applications must be E apps.  Call today for additional details and state availability.

Allianz Increase

Effective February 7th Allianz is increasing guarantees on features of several products.  The increases impact bonuses as well as income rider options.  For applications signed February 7th or later new statements of understanding will need to be used.  Call today for additional details.

Sales Concept

Policy Stacking With Chronic Illness Riders

Policy stacking utilizing permanent life insurance with a return of premium option can be an effective way to help a client obtain a higher amount of life insurance coverage during their working years and then reduce the amount of coverage they have as their needs change in retirement.  This strategy can be enhanced even further through the use of a policy that has a chronic or LTC rider attached to it.  Call today for additional details.

Industry News

DOL Rule in Limbo

On Friday February 3rd President Trump signed an executive order reviewing the implementation of the DOL Rule.  President Trump has requested that a complete review be done of the rule and that if it was found to increase costs to consumers then it would need to be modified or thrown out.

Hot Rates

Allianz Life Pro +

Allianz offers a very competitive FIUL.  The product offers multiple index options and has annual point to point caps as high as 12.25%.  In addition to this the product also offers a chronic illness rider as well as an optional term rider.  Call today for additional details and state availability.

Please fill out the form below to learn more

[contact-form-7 id=”10″]

Tuesday Tips – January 31st, 2017

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2017/01/01-30-17.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

North American Changes

North American has announced changes to its GUL and IUL products that take effect February 17th. The Custom Guarantee will reflect higher premiums that will vary across cells and the commission will be reduced by 5%. The IUL series of products will also have a commission decrease of 5% but will also have several features added to the product including a new crediting strategy and a guaranteed insurability rider. Call today for additional details.

American Equity Rate Increase

American Equity has increased rates for several of their products including the choice series, traditions gold, and guarantee series. Call today for an updated rate guide.

Sales Concept

LMG Bonus Blitz

Legacy Marketing Group’s bonus blitz has been extended through March 31st. Agents who submit 3 applications of 25k or more premium will receive $750.00. Participating agents can also earn an additional $200.00 for each additional qualifying application. Call for full contest details.

Industry News

Aetna/Humana Merger Blocked

Federal judge John Bates blocked Aetna’s acquisition of Humana on Monday January 23rd. In the 158 page ruling Judge Bates cited series concerns about the proposed efficiencies of the merger and that it was highly likely that any efficiencies created by the merger would be retained by the company instead of being passed on to the consumer.

Hot Rates

Athene Ascent Accumulator 10

Athene has just raised rates on the Ascent Accumulator 10. This is a 10 year product designed for maximum accumulation. This product offers multiple index options with annual point to point caps as high as 6.25% and no fee participation rate strategies as high as 155%. Call today for additional details and state availability.

Please fill out the form below to learn more

Tuesday Tips – January 24th, 2017

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2017/01/01-23-17.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

LMG Rate Adjustment

Legacy Marketing Group has announced rate adjustments to the LibertyMark product series that will take effect January 29.  Rates will be increasing on the Dow Jones Real Estate index but will be decreasing on the 2 year participation rate strategy.  Call today for additional details.

Lincoln National Rate Adjustment

Lincoln National has announced adjustments to 3 of their products.  Effective January 23rd rates have decreased on their term portfolio.  Effective February 13 rates will be increasing the LifeGuarantee SUL and effective march 15th caps will be decreasing on the IUL suite of products.  Call today for additional details.

Sales Concept

Creditor Protection

Life insurance and annuities can be great vehicles to accumulate cash.  In addition to this they can also be useful to shelter assets from creditors.  Every state has slightly different rules pertaining to what amount of cash value is sheltered from creditors so available for download is a comprehensive guide that has the specific rules for each state.

Industry News

Social Security Estimates

The Social Security Administration announced that it wouldn’t be mailing benefit estimates to workers younger than 60.  Thee SSA cited budget constraints as the reason and said that individuals younger than 60 can still log onto the SSA website to view their estimates.

Hot Rates

Athene Ascent Accumulator

Athene rolled out a new series of FIA’s last week called the Ascent Accumulator series.  5, 7, and 10 year options are available and the products boast competitive growth potential.  The 10 year product offers annual pt  to pt caps as high as 5.75%.  in addition to this the products offer an optional death benefit rider that rolls up at an 8% simple interest rate.  Call today for additional details and product availability.

Sales Concept Downloads

Tuesday Tips – January 17th, 2017

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2017/01/01-17-17-e1484666772349.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

Symetra Changes

Symetra will be making multiple changes to their UL and SUL products.  They will be increasing maximum premiums as well as increasing compensation on excess premium.  In addition to this there will be slight pricing increases as well.  These changes will take effect February 8th.

F&G Rate Increase

Effective January 16th F&G has increased rates on several of their most popular products.  Call today to request an updated rate guide.

Sales Concept

Guerilla Marketing
Guerilla marketing is implementing low cost marketing activities that use opportunities within your local community to get in front of prospects.  There are a variety of ways to incorporate these types of strategies into your marketing plan.  Available for download is our 17 marketing ideas for 2017.

Industry News

DOL FAQ’s

On Friday the DOL released its second round of FAQ’s to the public.  The latest 30 question FAQ is oriented around consumer questions in regard to the impact of the rule on financial advice.

Hot Rates

North American Guarantee Builder

North American offers a unique IUL with a secondary death benefit guarantee.  The products offers significant accumulation potential with caps as high as 13% with the protection of a lifetime death benefit guarantee.  In addition to this the product offers a free chronic illness rider and has some incredibly priced cells.  Call today for additional details.

Please fill out the form below to learn more

Tuesday Tips – January 10th, 2017

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2017/01/1-10-17.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

MLK Day

Legacy Financial Partners will be closed January 16th in observance of Martin Luther King Jr. Day.

Athene Raises Rates

Athene has released updated rates for January and have increased rates on several products.  They are now offering participation rates as high as 130% and annual point to point caps as high as 4.75%.  Call today for additional details.

Sales Concept

2 of 3 Rule

Many advisors incorporate policy reviews into their sales process with new clients.  One key area of opportunity is the 2 of 3 rule with life insurance.  There are 4 participants to a life insurance policy; the owner, the insured, and the beneficiary.  When setting up a life insurance policy if two of these three parties are not identical then the death benefit becomes taxable.  There are a variety of ways that this can happen either from the initial set up, the dissolution of a buy sell agreement, or the death of primary beneficiaries or owners.  Fortunately there is a simple solution to fixing the problem and generating a new sale.  Available for download is a marketing guide that discusses this issue and potential solutions.

Industry News

Bill Introduced to Delay Implementation of DOL Rule

Representative Joe Wilson of S.C. introduced a bill last week that seeks to delay the implementation of the DOL Fiduciary rule for two years from the date of enactment of the legislation.  Proponents of the rule hope that this would give President-elect Trump time to fully review the rule.

Hot Rates

North American Foundation Choice Series

North American has launched a new series of fixed annuities available for sale today.  The Foundation Choice Series is set up on 7 and 10 year chassis and offers a competitive declared interest rate.  The Choice Plus series offers competitive interest rates with an income rider.  Call today for additional details and state availability.

Sales Concepts Downloads

Tuesday Tips – January 3rd, 2017

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2017/01/01-03-17.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]


Alerts

LFG Raising Rates

LFG has raised rates on several of their FIA products.  Rates increases are effective 1/1/17 and Lincoln is now offering performance triggered rates as high as 4.2% on a 6 year chassis.

Equitrust Dropping Rates and Commissions

Equitrust has announced that effective January 17th caps will be lowering on the WealthMax Bonus life insurance product.  In addition they will also be lowering compensation by 1%.  Applications must be received by Friday 1/13 at 5:00 pm in order to receive the old rates and commission levels.  Call today for an updated rate guide.

Sales Concept

Tax Updates

There have been several changes to the current tax code for 2017 including income tax brackets, deductions, and phaseouts.  Available for download is an updated tax reference sheet along with an explanation of changes.

Industry News

Millenials and Planning

A recent survey by Bank of America Merrill Edge found that 42% of millennials were open to online financial advice.  It also found that 31% of respondents were thinking about getting help from a financial advisor.

Hot Rates

Protective Index Annuity II

Protective offers an incredibly competitive 5 year product designed for max accumulation.  The product offers annual point to point caps as high as 4.75% and also has a return of premium option available.  Call today for additional details.

Sales Opportunity Downloads

Tuesday Tips – December 27th, 2016

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2016/12/12-27-16.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

LFP Holiday Schedule

Legacy Financial Partners will be closed Friday 12/30 in observance of the New Years Holiday.

American Equity Commission Change

American Equity has announced effective January 3, 2017 it will be reducing the commission on the Foundation Gold FIA by .30bps.  No other changes are being made.  Applications must be in house by 1 cst on 12/30 to receive the old commission payouts.

Sales Concept

Year End Offer

Legacy Financial Partners is making the New Year Revitalization Guide and Informed Advisor Sales Guide available for download.  Both guides provide great information to help make 2017 your best year yet.

Industry News

Prudential Suspends Wells Fargo Sales

Prudential has suspended sales of its insurance policies through Wells Fargo sales channels.  This follows the sales practices scandal that hit Wells Fargo earlier this year.

Hot Rates

American Equity Traditions Gold

The Traditions Gold product by American Equity is a competitive 10 year FIA designed for accumulation.  The product has multiple index option including an annual point to point cap of 4.5% and a fixed rate of 2.15%.  The product also has an optional income rider.  Call today for additional details and state availability.

Sales Opportunity Downloads

Tuesday Tips – December 20th, 2016

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2016/12/12-20-16.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

LFP Holiday Schedule

Legacy Financial Partners will be closed Friday 12/23 and Monday 12/26 in observance of the Christmas holiday.

Equitrust Raises Rates

Equitrust has raised rates on all of their FIA products.  Increases range from .15bps-.50bps depending on product and crediting method.  Call today for an updated rate sheet.

Sales Concept

The Right Retirement Plan

Most business owners started a business because they were passionate about an idea.  What happens for some business owners is that the idea takes off and their idea grows into a business.  While a business owner might be knowledgeable about their business, they probably aren’t that knowledgeable about the various retirement plans available to them.  Available for download is a simple, straightforward, flow chart that can be used with a business owner client to explain the various options available to them and the pros and cons of these options.

Industry News

Fed Raises Rates

The Fed announced last week that they would be increasing the fed rate by .25%.  The Fed last raised rates in December of 2015.  In addition to this the Fed signaled that it would more than likely raise rates more quickly in 2017.

Hot Rates

Equitrust MarketBooster FIA

The MarketBooster FIA by Equitrust is a 9 year product with competitive upside potential.  The product offers a 7% premium bonus and an annual point to point cap of 3.5% along with four additional allocation options.  In addition to this it offers an option income rider and a nursing home waiver.  Call today for additional details and state availability.

Sales Concept Download

Tuesday Tips – December 13th, 2016

[su_button url=”https://legacy-financial-partners.com/wp-content/uploads/2016/12/12-13-16.jpg” target=”blank” style=”flat” background=”#2ab23b”]Download Image Version[/su_button]

Alerts

Metlife Sunsetting Products

Metlife has announced that they will be sunsetting the majority of their life insurance product portfolio effective February 3, 2017. After that point Brighthouse Financial will continue to offer the Premier Accumulator Universal Life product, level term for face amounts of $1mm and up, and one year renewable term. Call today for additional details.

California SB 924

The state of California has passed SB 924 which requires changes to be made to the surrender charge schedule as well as issue ages for certain FIA products. The rule goes in force January 1, 2017. Call us today to get an update on what products are changing and what products are being pulled.

Sales Concept

FIA Prospecting Email

Not every prospect is ready to move forward with the purchase of a FIA immediately. Likewise you might have a prospect that is interested in some other product such as life insurance or LTC but, you feel that a FIA could be another important planning tool for the prospect. A well crafted email or message can help to prime the pump to start the FIA discussion. Available for download are prospecting emails that can be used with a prospect or existing client to start the FIA conversation.

Industry News

Athene IPO

On Friday Athene Holding became a public company. The stock symbol is ATH and Athene’s IPO is the third largest of 2016. The initial offering raised $1.1 billion from 27mm class A shares.

Hot Rates

Protective Advantage Choice UL

Protective offers an incredibly competitively priced GUL. In addition to this the product allows you to dial the death benefit guarantee and gives you the option to decide how the death benefit pays out. In addition to this the products offers the Extendcare rider which will advance the death benefit in the event of a LTC event. The policy also pays itself up if the rider is triggered resulting in no more premium payments. Call today for additional details.

Sales Concept Downloads