Advanced Markets
John Hancock
Fiduciary Liability of a Trustee with Melvin Warshaw, May 17th, 2011, JH Advanced Markets Radio
Melvin Warshaw, JD, LLM, SVP and General Counsel of Financial Architects Partners, joins Randy Zipse, JD, CPA and Senior Counsel, The Advanced Markets Group, to discuss fiduciary liability of a trustee, and the significance of product choice---- including the need to be careful when planning with guaranteed products. Click here to listen.
Nationwide
Announcing a Versatile New UL Option For Your Business Clients
Get the flexibility your advisors need to succeed with their business clients. It used to be that working in business solutions meant one thing - VUL. Many clients today are wary of market risk, so you've got to provide your producers a high-quality fixed option. And that's just what you'll soon have. Learn more
Lincoln Financial
Male 65 NS Could Have $439,605 For LTC Funding!
A Lincoln MoneyGuard Reserve Plus single premium universal life insurance policy can help give your clients more for their long-term care dollars. Read more
Reminder: Lincoln MoneyGuard® Reserve Plus Transition Period Ending
Lincoln MoneyGuard® Reserve Plus was introduced on March 28, 2011, and we are nearing the end of the 60-day transition period to offer MoneyGuard® Reserve in approved states. Tickets for MoneyGuard® Reserve must be signed and dated on or before May 27, 2011, and received in good order in the home office by Friday, June 10, 2011. MoneyGuard® Reserve will continue to be available in the states that have not yet approved MoneyGuard® Reserve Plus (CA, CO, HI, IL, NY, PA, TN, VT, VI). Read more
National Underwriter
Researchers: LTC Insurance Keeps Some in Homes
Private long term care insurance helps insureds with moderate disabilities stay in their homes longer and does not appear to crowd out informal caregiving…Read more
Marketing/Industry Updates
AXA
Clients Are Going To Ask You "What If" In The Event That Something Happens
They want to make sure their loved ones are protected. See how Athena ULSM can provide that protection.
Do Your Clients Have A Temporary Need For Life Insurance?
TermOne is a smart way to cover this need.
Lincoln Benefit
Play the “Retirement” Commercial
In this commercial, Ray shows how he is there to help his customers during their working years and beyond. Life insurance helps protect customers with a death benefit during their working years. Down the road, it can also be a source of supplemental income for retirement or college expenses, or in case of emergencies. A customer version is available on LBL's YouTube channel, www.youtube.com/user/LincolnBenefitLife.
Lincoln Financial
Changes to Lincoln DesignItSM Illustration Platform (v13)
As of May 16, 2011, the Lincoln DesignItSM Illustration Platform (v13) now has the following significant changes, read more
West Coast Life
ModLife Helps Reel In The Next Big One
You have clients who are looking for permanent coverage, but their current situation may not give them the funds they need to pay permanent UL premiums. These days, temporary expenses like car loans, education expenses and short-term projects can quickly chip away at a family's budget, leaving less for important priorities like life insurance. ModLife is a UL product that was designed with today's family in mind. Available at two different initial premium levels that are 25-50% lower than traditional lapse protection* UL, ModLife gives flexibility to families that need permanent coverage today, for less than permanent prices. Read more
National Underwriter
MIB: Life Activity Keeps Rising
U.S. life insurers researched more requests for individual coverage in April than they did in April 2010, and activity for older applicants kept growing…Read more
Keller Rohrback Seeks Consumers with Unclaimed Property Concerns
Keller Rohrback L.L.P., a law firm, is looking for life insurance policy beneficiaries who believe life insurers were slow to make death benefits payments…Read more
Actuarial Groups Call for Disciplinary System Changes
The big U.S. actuarial organizations have come out with a joint proposal for changing the system for disciplining actuaries…Read more
Milliman: Pension Funds Look Healthier
The funded status of big U.S. defined benefit pension plans has improved in the past year, but the recent drop in interest rates could cause new problems…Read more
Wolin on Dodd-Frank: FIO is Up and Running
Treasury Undersecretary Neal Wolin says the staff of the new Federal Insurance Office already has served an “important consultative role” in connection with issues related to the Dodd-Frank Wall Street Reform and Consumer Protection Act…Read more
FASB Updates Fair Value Measurement Guidance
The Financial Accounting Standards Board has issued the final version of a document that could affect how insurers report on the performance of their investment portfolios…Read more
Fed Releases TILA Regulation Draft
The Federal Reserve System is seeking comments on a proposed regulation that could have some effect on sellers of credit life insurance, credit disability insurance and other credit insurance products…Read more
Feds Might Oversee Some Insurer Swaps Operations
Federal financial services regulators have proposed a rule that could give them the authority to set minimum margin and capital requirements for large swaps operations, or speculative swaps operations, affiliated with insurers…Read more
NAIFA: The Suitability Standard Works
The idea that a uniform fiduciary standard would provide better protection for consumers is a myth, according to the National Association of Insurance and Financial Advisors…Read more
Product
AXA
AXA Equitable's Newly Enhanced CV Plus Rider
The new Cash Value Plus rider (CVPlus) became available for sale with Incentive Life (IL) OptimizerSM II and Athena Indexed Universal LifeSM (UL) on Monday, May 2, 2011. The new rider was also launched with the new Athena ULSM Series 152 on April 25 in all jurisdictions. See AD 11-007 for details about this new product.
Athena ULSM Product Changes on May 25
Applications for Athena Universal LifeSM (Athena ULSM), Series 150 must be received on or before May 25, 2011. Applications received after May 25 will be issued as our newly enhanced Athena ULSM, Series 1521. Read more
Genworth
Introducing ColonySM LifeLong UL
Available for sale as of May 23, 2011 In all states except NY. Designed for today's client looking for security, stability and guarantees, ColonySM LifeLong UL is an affordable, flexible premium universal life (UL) insurance solution for the Death-Benefit/No Lapse Guarantee UL market. Read more
Lincoln Benefit
Changes to Legacy Secure SL
As a reminder, as of Monday, May 16, 2011, we removed the current 'six times target' premium limit on Legacy Secure SL and we also increased the maximum face amount cap from $5 million to $20 million. To support these positive changes, we have also made some modest price increases in targeted areas. Illustration software with the updates can be downloaded. For 90 days you will have the ability to run illustrations using old rates in order to support in-house new business. However, face amount variations can no longer be illustrated on Legacy Secure SL. Read more. To read the Countrywide Bulletin, click here. To read the New York Bulletin, click here.
Lincoln Financial
Coming Soon! Lincoln LifeElements® Level Term (2011)
On June 6, 2011, Lincoln will release the latest update to the term product portfolio, Lincoln LifeElements® Level Term (2011). Rates for all four term periods were improved for many of our higher-face amount clients at ages 50 and older. Read more
Nationwide
Announcing a Versatile New UL Option For Your Business Clients
Get the flexibility your advisors need to succeed with their business clients. It used to be that working in business solutions meant one thing - VUL. Many clients today are wary of market risk, so, you've got to provide your producers a high-quality fixed option. And that's just what you'll soon have. Learn more
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