Savings Bank Life – New Low Term Rates
Great New Rates Arrive on June 1! SBLI is pleased to announce new, low term rates on June 1, 2015. SBLI rates will be particularly strong among higher face amounts and older, pre-retirement ages, and will be available for quoting on SBLIAgent.com, iPipeline, Compulife, and VitalTerm on June 1, 2015 Get Transition RulesBanner/William Penn – New Child Rider Answers
Enhancements to Legal & General America’s OPTerm series of products included availability of a new child rider. Since launch, the sales and marketing staff have been fielding questions about the rider. Those questions have prompted the development of new materials. To view more details, click here.EquiTrust – Reminder – Income for Life Rider Change
Reminder:
Income For Life Rider Changes
Effective June 1
EquiTrust announces modifications to Income For Life, the income benefit rider available on fixed index annuities.
The Benefit Base roll-up rate and income-withdrawal percentages will change.
• The Benefit Base* rollup rate will be revised to 6.0%
• The income withdrawal percentages will be decreased by 0.25% for all
age groups
*The Benefit Base is a calculation used to determine payout amounts available with the rider. The Benefit Base does not impact the annuity’s Accumulation Value.
Click here for revised Agent Guide; all rider sales materials reflecting these changes will be available on Agents.EquiTrust.com on Thursday, May 28.
Requirements
• Original Applications must be in the EquiTrust office by 5/29/15 to receive the 6.5%
rollup rate and higher withdrawal percentages.
• If faxed applications are received at EquiTrust by 5:00 PM (Central) on
Friday, 5/29/15 AND ORIGINAL application packets are received no later
than Monday, 6/1/15, the contract will be issued with the 6.5% rollup rate
and higher withdrawal percentages.
• A revised rider disclosure dated 6/15 will be required for applications
received on or after 6/1/15 in which the rider is elected.