Annuity and Long Term Care (LTC) Updates
August 1, 2011

Priority Items in Red!

Annuities

*Click Here To Access Our Multi-Year Guaranteed Annuities (MYGA) Rates*

 

American General

Annuity Rate Change
Click here to view Annuity Rate changes and Important Annuity Product Updates.

 

North Dakota Agent Annuity Training Requirements
As of August 1, 2011, North Dakota requires producers who solicit annuities to complete the company's Product Training AND a four-hour annuity course prior to soliciting any annuity products.

 

Genworth

Immediate Annuity Rates – National and New York
A benefit increase (premium decrease) was announced Monday, August 1. This change makes our Immediate Annuity rates more competitive. Our previous rate change (decrease) was effective  6/6/2011.

 

Take Care of Your Finances with Genworth RateSaver 7
When your client says they are waiting for rates to rise, urge them to take care of their finances now and get their money working! Don’t let them wait until the last minute and discover that waiting did them no good. Remind them:

  • Rates are lower now than they were last year at this time.

  • They may be sacrificing more than $1,500 per year in tax deferred earnings (comparing 5 yr avg. $100k CD from Bankrate.com 07/22/11 at 1.64% vs.  Genworth Rate Saver 7 yr. $100k at 3.15% effective  07/27/11). Ask them what they would do with the extra $7,500 that their $100k earned in 7 years!

  • The last time rates were over 4% was October 2008 and it does not appear that rate will return anytime soon.


Here are a new customizable rate flyer and postcard that you may forward to your producers.

John Hancock

Annuity Max Data Mining Piece for UBS
Click here for a marketing flyer that shows the UBS data mining instructions on John Hancock’s Annuity Max Client Profile.  This flyer has been approved by UBS.  

 

National Underwriter


NAFA: Fixed Annuities Not Swaps
The National Association of Fixed Annuities says it believes federal regulators are classifying fixed annuities as swaps…Read more

 

ABIA: Bank Fixed Annuity Sales, BHC Fees Rise
The American Bankers Insurance Association has released two studies that show bank and bank holding company annuity sales were noticeably stronger in the first quarter than they were in the first quarter of 2010…Read more

 

LTC

 

Agents Sales Journal


LTCI: A Changing Market
Change is difficult to accept, whether you are being forced to take an unfamiliar street due to road construction or forced to alter how you conduct your business…Click here to read more.

Critical Illness Insurance: A Win-Win Solution
For some clients, preparing for the future seems only natural. Others will buy insurance for their cell phones and never think to purchase protection against the financial havoc that critical illness can wreak. Click here to read more

 

John Hancock

Long-Term Care Rider Consumer Seminar (National Version)
A client-approved presentation on John Hancock's Long-Term Care rider is available for use in approved states.See attached grid for state approvals.

 

This material was gathered by National Financial Partners Corp. (NFP), its subsidiaries, or affiliates for their Registered Representatives, Investment Advisor Representatives, and/or Agents. Not for client distribution.

Securities may be offered through Registered Representatives of NFP Securities, Inc., a Broker/Dealer and Member FINRA/SIPC. Investment Advisory Services may be offered through Investment Advisory Representatives of NFP Securities, Inc. a Federally Registered Investment Adviser. 1250 Capital of Texas Hwy., Bldg. 2 - Ste. 125 – Austin, TX 78746 (512)697-6000. NFP Life Brokerage is a division of NFP Insurance Services, Inc. which is a subsidiary of National Financial Partners Corp, the parent company of NFP Securities, Inc.

Neither NFP Securities, Inc., nor NFP Life Brokerage offer tax or legal advice. Clients should consult with their individual tax and legal professionals prior to entering into such transactions.

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