Annuities
*Click Here To Access NIB’s Multi-Year Guaranteed Annuities (MYGA) Rates*
Genworth
Genworth Rate Adjustment (Slight Decrease) Began June 15th
As of Wednesday June 15, all of our SPDA rates adjusted downward slightly by 10bps. Below are the new rate flyers, along with submission guidelines:
BGA Rate Flyers
National
New York
Submission Guidelines
National
New York
Effective 06.18.11, rates have decreased for the following SecureLiving® fixed deferred annuities:
SecureLiving® Independence
National
New York
Oregon
SecureLiving® Liberty
National
New York
SecureLiving® Rate Saver
National
SecureLiving® SmartRate
National
New York
Oregon
Imagine Your Annuity Sales Being 10x What They Are Today---Genworth Can Help!!
Your competition at the local banks aren’t imagining sales at those levels, they are experiencing them. How are they doing it? They understand that there are trillions of dollars sitting in CDs, money market accounts, savings accounts and even non-interest bearing checking accounts. Financial institutions are telling their clients about alternative investments in annuities that offer better returns, tax deferral, and a guaranteed lifetime income, if they want to take advantage of the option. They are simply asking their clients if they have CDs maturing and to consider better options to their assets that are sitting on the sidelines. How can you do it? Have your agents ask the same question; even use an illustration to show how the annuity grows tax deferred and change the conversation. All you have to do differently is get the story out to clients and you can increase sales dramatically. Genworth can help you mold the story and give you the tools to get the story out. Click on the links below for two ideas which are very helpful.
CD vs. Annuity
Power of Tax Deferral
Reminder -- Minimum Premium for SecureLiving® Fixed Deferred Annuities
Read more
Endorsement Mailings to New York SecureLiving® Fixed Deferred Annuity Contract Holders
Lincoln Benefit
Compliance Notice for Ohio
This is to advise that effective July 1, 2011, all licensed life insurance agents in Ohio who sell annuities are required to complete certain training requirements prior to soliciting fixed and/or variable annuity products. Read more
Compliance Notice for Kentucky
Kentucky has adopted regulations that require the use of the Kentucky Annuity Buyers Guide and the Life Insurance Buyers Guide. The requirements are effective July 1, 2011. Read more
National Underwriter
IRI: VA Issuers Prefer to Keep Guarantees
U.S. insurers would rather hedge variable annuity living benefits guarantees, or charge more for the guarantees, than to eliminate the guarantees altogether…Read more
LTC
Genworth
Genworth Life Insurance Company (Genworth Life) Expands its Innovative Long Term Care Benefits with the Launch of Privileged Choice® Flex
In keeping with its commitment to the Long Term Care Insurance market and creating the industry’s leading products, Genworth Life is enhancing its long term care insurance products with innovative new features, benefits, services and refreshed pricing. Read more
Texas Long Term Care Insurance (LTCI) Partnership Exchanges
Read more
John Hancock
Take Action Against the California Assembly Bill 999 Before June 22nd
Read this article for more information about this Bill, as well as instructions and a letter you can use to communicate your opposition to the Senate Insurance Committee.
Visit www.CustomCareIIICoreCare.com for Your Product and Marketing Needs
Visit this site for the materials you need to get acquainted with our new products as well as marketing materials you can use with prospects and clients.
Reprint of Latest AALTCI Insert in Kiplinger’s Available to Order
As a follow-up to the educational LTC planning insert that ran in the November 2010 issue of Kiplinger’s Magazine, reprints are now also available on the latest insert that ran in the Kiplinger’s May 2011 issue. Copies of each are available to download or order as follows:
May 2011 Insert: "Most Asked Questions About LTC Planning" Form: LTC-1146
November 2010 Insert: "A 3-Step Guide to Smarter LTC Planning" Form: LTC-1107
Order the 2011 Medicare Guide
The 2011, "Choosing a MediGap Policy: A Guide to Health Insurance for People with Medicare" is available to download and order from www.jhltc.com. Form: LTC-1014 rev. 5/11
Get Paid via Direct Deposit
We now offer direct deposit as a commissions payment option for those paid directly. To sign up, download, complete and return the "Authorization for Direct Deposit for Commission Payment." Form: LTC-1082
Virginia Partnership Certification for Custom Care III and Core Care Remains Pending
This means that these products cannot be promoted as Partnership in Virginia. We will notify you as soon as approval is received. If we receive any Custom Care III or Core Care policies issued in Virginia, we will mail a Partnership Certification to policyholders after approval is received.
NV: Partnership Training Required by October 1st
Producers doing business in Nevada will be required to complete Partnership training before October 1, 2011. Read this article or the National Partnership Training and Resource Guide (LTC-3251) to learn about the specific requirements.
Lincoln Financial
Which Assets Would You Sell First for LTC?
In just four steps, you can show your clients how long-term care expenses — and self-insuring — could impact their portfolio. Read more
National Underwriter
LTC Insurers Seek Younger Customers
Long term care insurers and producers are trying to persuade consumers under age 35 to consider buying LTC insurance, or at least to think about why they might want the product later in life…Read more
West Coast Life
ExtendCare vs. Lincoln MoneyGuard Reserve Plus
West Coast Life LifeTime Platinum III with ExtendCare Rider vs. Lincoln MoneyGuard Reserve Plus (a Linked Life/LTC product). West Coast Life's ExtendCare Rider allows up to 100% of the death benefit to be accelerated in the event the insured becomes chronically ill and qualifies for the benefit. How is our LifeTime Platinum III with ExtendCare Rider different from Lincoln's MoneyGuard Reserve Plus? Let's Look at Some of Our Key Competitive Advantages!
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