Tuesday Tips – January 3rd, 2017
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.
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.
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.
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.