Tuesday Tips – February 2nd, 2016
North American Dropping Rates
North American will be dropping caps on several of their IUL Products effective February 29th. Money will need to be received at the home office by February 25th to receive current rates. Call today to get an updated rate sheet.
National Life Dropping Rates
National Life has dropped rates on their UL and IUL products effective February 1st. Most of the decreases are around .25bps with participation rate strategies dropping 5%-10%. Call today for an updated rate sheet.
Athene Sales Opportunity
Athene is currently running a sales contest through April 8th of this year for their Performance Elite FIA series. Clients can get up to a 12% bonus with an annual point to point cap. While the advisor can earn up to an additional 1% bonus on top of their commission. Call today for additional contest details and product information.
Symetra Completes Transaction
Effective February 1st Symetra completed the transaction to sell to Sumitomo Life Insurance Company of Japan. With this completion of the sale Moody’s has upgraded Symetra’s financial strength rating from A3 to A2.
Forethought Income 150+
Forethought’s Income 150+ is a competitive 10 year product that offers competitive income and caps. The product offers up to a 50% premium bonus to the income account value and effective February 1st has added a new volatility control index managed by Blackrock. Call today for details and state availability.