Tuesday Tips – January 31st, 2017
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.
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.
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.
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.