Bulletins

Banner/William Penn – Easy Access to Lower Term Marketing…

Easy Access to Lower Term Marketing Materials LET’S BE REAL. Much as we all might agree that price shouldn’t be so important in a term selling/buying decision, the market acts first on price. So to foster a consistent flow with few interruptions in their relationship with you, LGA uses its pricing power to react nimbly to competitor moves, to maintain in its chosen segments a top-tier ranking. To view the marketing materials, click here.
Annuity

American Equity – Choice Series Product and Application Changes

Choice Series Product and Application Changes American Equity is pleased to announce the following changes for the Choice Series effective January 14.
  1. The maximum issue age is increasing from 80 to 85 on the Choice 6 and Choice 8 products. The maximum issue age remains 80 for the Choice 10.
  2. Commission Options B and C (trail commissions) have been added to the Choice Series. Additionally, Commission Option U (upfront commission) is the only option available for additional premium on the Choice Series. Please refer to your Commission Schedule for additional details.
PLEASE NOTE: The Optional Lifetime Income Benefit Rider offered with the Choice Series will not be available for issue ages 81-85. Effective immediately, updated disclosures (dated 01.01.16) are required. Previous versions will no longer be accepted after February 14, 2016. American Equity’s Annuity Application has also been updated to reflect the additional commission options on the Choice Series as well as other modifications that add to the ease of doing business with American Equity.
Application Form Number For Use In:
ICC15 A-2001.1 dated 11.19.15 AK, AL, AR, AZ, CO, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY
15 A-2001.1 dated 11.19.15 CA, DC, DE, FL, ND, SD
CT15 A-2001.1 dated 11.19.15 CT only
Please begin using updated applications immediately. Previous versions will no longer be accepted after February 14, 2016.
Annuity

EquiTrust – Optional Rider on Certainty Select Discontinued

Optional Rider on Certainty Select Discontinued Currently, Certainty Select (MYGA) features two versions: the Base Contract and Optional Rider. Effective 2/1/16, the Optional rider will no longer be available. Transition Rules * To get the Optional Rider, original applications must be received in the EquiTrust home office by Friday, 1/29/16. * Pending sales of Optional Rider received before 2/1/16 will be issued. * The new Disclosure Statement (dated 02/16) is required for all Certainty Select applications received on or after 2/1/16. Revised Sales Materials and Forms Certainty Select sales materials and Disclosure Statements reflecting the Base-Contract version only will be available on the Agents.EquiTrust.com website on 1/29.
Bulletins

Protective Life – Advantage Choice UL and Custom Choice…

Protective Life remains committed to being your carrier of choice to address the core protection product needs of your agents and the clients which they serve.  Based on this commitment, Protective is launching an enhanced version of the Protective Advantage Choice UL which will improve competitive positioning in the most frequently sold ages, risk classes and funding patterns.  In an effort to further simplify our universal life product suite, the Lifetime option provided by the Protective Custom Choice UL product will be discontinued and the enhanced Protective Advantage Choice UL will become their flagship guaranteed universal life product for lifetime core protection.  Both the enhanced Protective Advantage Choice UL and the elimination of the Protective Custom Choice UL Lifetime option will occur on February 15, 2016.  Please keep in mind this change has no impact on the current Protective Custom Choice UL 10 – 30 year options. To view more details, click here.