Tuesday Tips – May 16th, 2017


Great American Rate Decrease

Great American is reducing rates on the FlexMax series of FIA products effective May 21st.  Applications must be signed by Saturday, May 20th in order to receive the current rates.  Call today for additional details.

National Western Raises Rates

National Western has increased rates on their portfolio of annuities.  They are now offering fixed interest rates as high as 3.35% and annual point to point caps as high as 7% call today for additional details.

Sales Concept

Consumer Protection of LTC

Despite what retirees envision they’ll be spending their money on in retirement the two biggest expenses in retirement are health care and taxes.  LTC insurance can act as a wedge to reduce some of those expenses.  Unfortunately most consumers don’t quite understand what LTC is and how it can be a benefit.  Available for download is a guide that discusses common misconceptions consumers have about long term care.

Industry News

FINRA Fines Increased

Total fines imposed by FINRA in 2016 rose to $176mm.  This number was almost double from 2015 according to law firm Eversheds Sutherland.  The increase was attributed to FINRA increasingly using fines of $1mm or more.

Hot Rates

National Western Ultra Classic

The Ultra Classic is a competitive 13 year product that is designed for accumulation as well as income distribution.  The product is a 5 X 5 and can be a great option for the second bucket in a 3 bucket strategy.  It also offers multiple index options including an annual point to point cap of 7% with a .50 annual charge.  The product also offers 10% free withdrawals starting in year 2 that can accrue up to 50%.  Call today for additional details and state variations.

Sales Concept Downloads

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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