Tuesday Tips – September 5th, 2017
ANICO Discontinuing iPipeline
American National has announced it will be discontinuing the use of iPipeline’s E application. September 29th 2017 will be the last day to submit new cases through iGO. Moving forward ANICO will be using their in house system ExpertApp. Call today for additional details.
Protective Conversion Options
Protective has announced a change to conversion options on current inforce term business as well as business going forward. Moving forward a client will be able to convert to a product on Protective’s expanded portfolio. After 5 years they will be able to convert to the basic list of products. In addition to this moving forward a client will not be able to convert a product in the last 2 years of the term. Call today for additional details.
Life Insurance Awareness Month
Life Insurance Awareness Month is here. September is a great opportunity to begin the life insurance conversation with new prospects as well as existing clients. Make sure to request your complimentary life insurance awareness kit. Call today for additional details.
Delay for DOL Fiduciary Rule
Last week the Office of Management and Budget approved an 18 month delay for the fiduciary rule. Now that the OMB has approved the delay it will go back to Labor to be finalized within the next 30 days.
AIG Power 10 Protector
The Power 10 Protector by AIG is a competitive FIA 10 year product designed for accumulation. The product offers annual pt to pt caps on the S&P as high as 5%. In addition to this it offers a spread of 1.5% uncapped on their MLSB index. The product also offers a competitive 1.75% fixed rate on the product. Call today for additional details.