Tuesday Tips – December 16th, 2014
Allianz Annuity Changes
Allianz has announced some changes to their indexed annuity product line that will take effect January 6, 2015. The bonuses on the 365i and Masterdex X will be reducing from 5% to 4%. In addition to this there will be a commission reduction that affects several products as well. Call today for details.
AIG Commission Increase
Beginning January 5, 2015 AIG will be increasing the compensation on the Power Select Builder and Power Select Plus Income indexed annuities. The increase will be .50bps and applies to new business at that point as well as pending business that issues after that date.
2014 is coming to a close and 2015 is upon us. How did your business end up this year. What do you want 2015 to look like. What is the one thing that would make a difference in your practice. We have an entire suite of marketing and prospecting solutions available. Call today to discuss next year and set up your marketing plan.
Current Life Volume
According to limra total life insurance premium was up in the third quarter by 4%. Life insurance premium as a whole for the year is down 1% from last year and policy count as a whole is down 3% from last year.
Equitrust WealthPay Life
Equitrust has just rolled out a new single premium index whole life designed to take qualified funds and low tax basis annuities. It offers 3 competitive index options as well as living benefits in the event of a chronic or terminal illness. Call today for details and state availability.