Tuesday Tips – February 23rd, 2016


Alerts

Legacy Rate Decrease

Effective February 29th Legacy Marketing Group will be dropping rates on the LibertyMark FIA product series. Applications must be received in the home office by February 26th. Call today to get an updated rate sheet.

Mutual of Omaha To Introduce New Product

Mutual of Omaha has announced they will be entering the FIUL space on March 1St. Beginning next week Mutual of Omaha will launch the Income Advantage IUL. The product has been designed for accumulation and will feature multiple index options as well as multiple loan options.

Sales Opportunity

GUL VS ROP Alternative

Term insurance can be a great fit for many clients. Many prospects know that their term life coverage might never pay out so they can elect to purchase return of premium term insurance so that they can get their premiums back. An alternative to this is GUL that offers a return of premium. The premium is very comparable, there are more options for chronic illness riders, and it can provide the client greater flexibility and more liberal underwriting.

Industry News

MetLife SIFI Designation

MetLife is in the process of challenging their SIFI designation. Metlife is arguing that insurers don’t face the same mass withdrawal issues that banks do. The case is sure to be watched closely by other insurers that hold this designation.

Hot Rates

AIG Secure Lifetime GUL 3

The Secure Lifetime is AIG’s flagship GUL. The product was recently repriced and is very competitive in a number of cells. In addition to the low cost the product has built in ROP options and has a unique rider that can be used to advance the death benefit for supplemental retirement income. Call today for details.

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About the author

Legacy Financial Partners - Legacy Financial Partners is an independent and full service Life Insurance and Annuity FMO that provides specific marketing solutions to help their clients succeed. Using dynamic tactics, an extensive support network and progressive marketing options, Legacy Financial Partners provides unique and specific development strategies to their business partners.

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