Tuesday Tips – May 2nd, 2017
Global Atlantic Increasing Withdrawal Rates
Effective May 1, 2017 Global Atlantic is raising withdrawal rates on the Choice Income and Income 150+ FIA’s. The increase is .25bps. Call today for additional details.
AIG Rate Decrease
Effective May 1, 2017 AIG has reduced rates for various premium bands on their portfolio of FIA’s. Most of the reductions are around .25bps. Call today for an updated rate sheet.
Chronic Illness vs LTC
Chronic illness and LTC riders have become a very popular option to add to a life insurance policy. These riders can help increase sales by offering more value to the client. The other side of the coin though, is that many consumers and some agents don’t understand the different formats for advancing the death benefit which can mean a client thinks they’re buying one thing and are actually getting another. Available for download is a comprehensive guide that discusses the differences between LTC and Chronic illness riders.
Congress has agreed to a $1 trillion plus budget that would fund the government through September of this year. Details are still rolling out on what adjustments have been made and the bill will need to move through both houses before Friday.
Athene Performance Elite Series
Athene’s Perfomance Elite series of FIA’s offers a variety of options for individuals looking for either accumulation or guaranteed lifetime income. The product series offers a range of bonuses from 4% to 12% as well as participation rates as high as 135%. The product also offers enhanced liquidity, if a client doesn’t take a 10% free withdrawal they can accrue up to 20%. In addition to this the product offers multiple income rollup options. Call today for additional details and state variations.