Annuity and Long Term Care (LTC) Updates
June 6, 2011

Priority Items in Red!

Annuities

 

American General

Annuity Rates Are Changing
View new rates

 

Rhode Island and District of Columbia Agent Annuity Training Requirements
Rhode Island and District of Columbia agents who solicit annuities must complete required training.

 

Oklahoma Annuity Training Requirements
Be sure to comply with these producer obligations concerning Oklahoma producers who solicit annuities.

 

Genworth

NAIC Suitability Model Regulation Requirements of Producers

States have adopted the NAIC Suitability Model effective as of the dates indicated in the below chart. All producers selling annuity products must complete a one-time four-hour general annuity training course in the states indicated. Read more

SPIA Rate Decrease 06/06/11
A benefit decrease will be announced for a June 6, 2011 effective date.  Any premium received after Monday, June 13, 2011 will be subject to this new rate scale. Paperwork received on or before Monday, June 13, 2011 for 1035 exchanges/transfers will lock in the existing rate scale.

 

Rate Outlook
National Rates
SecureLiving® Liberty
SecureLiving® Independence
SecureLiving® Rate Saver
SecureLiving® SmartRate

New York Rates

SecureLiving® Liberty NY

SecureLiving® Independence NY

SecureLiving® SmartRate NY

 

Why Should I Consider Buying An Immediate Annuity? What Are Its Advantages To Me?
There are many advantages that immediate annuities can provide to the buyer. Here is a list of just a few… Read more. For a SecureLiving Return of Premium Guarantee with Installment Refund Option, click here.

Plan for Living Brochure
In a recent Gallup survey, the number one financial concern for Americans is not having enough money for retirement, with 66% of those surveyed indicating that they are worried. This represents a real area of need for consumers and a great opportunity for you. Ask your clients about their plans for retirement. Our Plan for Living brochure can help you initiate this important conversation and help you guide your clients as they plan to retire with confidence.

Plan for Living Workbook Update
Our intuitive Plan for Living workbook remains a popular choice for financial professionals who use a planning tool when developing retirement plans for clients. The Plan for Living workbook contains up-to-date statistics on CPI, long term care costs and more. Financial professionals can continue using the tool as they have in the past, and leverage it to improve client loyalty and build referrals. More Plan for Living materials are available here.

SecureLiving® Liberty
When Plan for Living reveals the need for guaranteed income in retirement, speak with clients about SecureLiving Liberty, which is a secure way to save for retirement. Liberty offers:

  • Principal protection
  • No market value adjustment
  • Choice of a 1-, 3- or 5-year initial rate guarantee period

View the full lineup of Liberty marketing materials at genworth.com/pro.

Lincoln Benefit

Introducing Allstate RightFitSM and ChoiceRateSM Annuities

Add these two new registered products to your list of recommendations for more secure investment solutions. Read more

Click here to learn more about RightFit
Click here to learn more about ChoiceRate 

Compliance Notice for West Virginia
This is to advise that effective July 1, 2011, all licensed life insurance agents in West Virginia who sell annuities are required to complete certain training requirements prior to soliciting fixed and/or variable annuity products. Read more

 

Compliance Notice for Oregon
This is to advise that effective July 1, 2011, all licensed life insurance agents in Oregon who sell annuities are required to complete certain training requirements prior to soliciting fixed and/or variable annuity products. Read more

 

Compliance Notice for District of Columbia
This is to advise that effective June 24, 2011, all licensed life insurance agents in the District of Columbia who sell annuities are required to complete certain training requirements prior to soliciting fixed and/or variable annuity products. Read more

 

Lincoln Financial

 

Now Available - Lincoln Lifetime Income Edge
Lincoln Lifetime IncomeSM Edge is an innovative Guaranteed Lifetime Withdrawal Benefit Rider available with all Lincoln fixed indexed annuities.  As of June 1, 2011, this new Rider is available in all states except CA, CT, DE, FL, GU, HI, IL, MA, MD, MN, MS, NC, NV, OR, PR, TX and WA.  Fixed indexed annuities are not available in New York. This new Rider offers a lifetime income guarantee without annuitizing the contract. Available on a Single Covered Life or Joint Covered Life option. There is no waiting period; clients age 50 and over may elect to begin Income Withdrawals at any time. Income Bonus Rate available for those deferring income for 5 or 10 complete Rider Years. Now your clients can grow their savings and receive protected income with Lincoln Lifetime IncomeSM Edge. Read more

National Underwriter

IRI Sees Strong Annuity Sales

The Insured Retirement Institute is reporting 17% growth in first-quarter annuity sales…Read more

 

Illinois Securities Regulators Treat Indexed Annuities as Securities
The Illinois Securities Department has issued an order that treats indexed annuities as securities…Read more

 

LTC

 

Genworth

 

Multi-Life Offering

Genworth offers a flexible and competitive Multi-Life Offering which includes Long Term Care Business Solutions and our Multi-Life Program using the individual products Privileged Choice® and Classic Select® Read more

John Hancock

Visit www.CustomCareIIICoreCare.com Today
Visit our new microsite for all training and marketing materials available to market Custom Care III and Core Care today, www.CustomCareIIICoreCare.com.

CO and KS Approve Partnership Certification For New Products
These states have approved our Partnership-certification for Custom Care III and Core Care, which means these policies can be sold and promoted as Partnership.

Illinois: Legal Recognition of Civil Unions
A new Bill allows those in civil unions to be recognized by law as married spouses. Therefore, discounts offered to married applicants will also be extended to civil union couples in Illinois without requiring them to have lived together for at least 3 years.

Louisiana: Training Requirements Need to be Met By August 15
This is a reminder for new and existing producers that training must be completed prior to August 15, 2011. Courses are available at www.jhpartnership.com. 


National Underwriter

 

OECD: U.S. LTC Outlook Not So Bad
The United States may be in a better position than many other developed countries to meet demand for long term care services…Read more

 


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.

This advertisement is for insurance agents and financial professionals only; not for use with the public. National Insurance Brokerage, LLC is a Florida licensed life insurance agency that does business under the name NB Life Insurance Services, LLC in California, NB Life Insurance Services in Georgia, NIB Insurance Brokerage in New York, and NIB Insurance Brokerage, LLC in Texas. Location and mailing address: National Insurance Brokerage, LLC, 2101 Park Center Drive, Suite 220, Orlando, FL 32835. Unsubscribe or update your e-mail preferences.