Tuesday Tips – October 25th, 2016
Sagicor Sales Incentive
Sagicor is running a sales promotion from October 24 through the end of the year on sales of their single premium whole life product. To qualify you must submit at least 2 applications with a combined 200k of premium and will receive an additional .50bps commission. Call today for additional details.
AIG Raising Rates
Effective 10/24 AIG has raised rates on several annuities. The increase includes their income annuities. Call today for an updated rate sheet.
Permanent Coverage Too Expensive
We’ve all run into a prospect that balked at the price of permanent life insurance. One strategy that can reduce the cost of insurance is the use of an LTC rider on a gul with select insurance companies. In this strategy you dial the death benefit guarantee down to a lower age such as 90. Once the insured needs home health care or a nursing home you trigger the rider which eliminates the premium for the policy thus extending the death benefit out until the insured passes. During which time the insured is receiving tax free distributions from the policy. Call today for additional details and to find out which carriers offer this strategy.
TD Ameritrade along with its largest shareholder Toronto-Dominion Bank have agreed to buy Scottrade Financial Services. The deal was done for $4 billion through the use cash and stock and is expected to be completed by September 30, 2017.
LSW Flexlife II
LSW has rolled out the newest version of their Flexlife Product. New features include a benefit distribution option which allows the death benefit to be stretched out, charitable matching gift death benefit, and a fixed participating loan option. In addition to this the product offers a free accelerated benefits rider, lifetime income benefit rider, and 6 different crediting options. Call today for additional details.