TransWeekly and LTC News TransWeekly for October 28, 2015
PRODUCT DEVELOPMENT & MANAGEMENT Trendsetter LB Enhancements Trendsetter LB now has a new maximum face amount of $2,000,000 and qualifying clients will have the ability to accelerate up to the new maximum of $1,500,000 in the time of need due to a qualifying Chronic, Critical or Terminal Illness. For more product information on the Trendsetter LB, click here. For the producer underwriting guide, click here.
OPERATIONS Year-End and 2016 Commission Closing & Statement Mailing Dates – AMB 3964 To view important 2015 year-end dates, and 2016 commission closing and statement mailing dates, click here or go to TransACT and click Sales Tools, then select the Agency Managers’ and Compliance Bulletins link under Resources and check “View All.”
Important Notice for Hawaii Policies To view more details, click here. http://inhouse.fb-inc.com/bulletins/BulletinView.aspx?BulletinID=19045
Don’t Delay! Now is the Time for Guaranteed Lifetime Income!
Looking into the near future, American Equity and other insurance carriers will adopt new mortality tables in January 2016. Although it is too early to predict what exactly those changes entail, this does indicate that guaranteed lifetime payments may never be this good again. This is an excellent time for your clients to capitalize on the opportunity for higher payments. American Equity has compiled a few talking points you may use when discussing this topic with current or potential clients:
- Mortality tables will be changing in January 2016 because people are living longer lives
- Guaranteed lifetime payments may never be this good again
- Now is the time to make the most of retirement savings