Bulletins

National Western – The Score Newsletter for May 9,…

Roll Out: Revised Lifetime Returns Select 5 & 10 Pay and Lifetime Returns Solutions NWL recently announced revisions to NWL’s Lifetime Returns Select Single Pay Option which is now available in a growing list of states. Now, the LTRS 5 & 10 Pay Options along with Lifetime Returns Solutions have also officially launched in select states! The Illustration Software, version 77, is now available for download on MyNWL. Click here to view the full story and a complete list of approved states. 1% Commission Bonus Ending Soon for Pending Transfers NWL is in the final stretch of the extended 1% Annuity Commission Bonus! Be sure to follow up on any outstanding transfers. Annuity applications that were submitted prior to the April 15 deadline with pending transfers must be issued and paid by June 7 to receive the additional 1% bonus. Click here to read trumpet creeper Bonus details. REMINDER: Updated Forms – Protector One, Accumulator Five, and Prevail Seven Disclosure Brochures The following forms have been added or updated on FormSource: Protector One DM-1214.Rev.3.16 – For use in all approved non-restricted states DM-1214-NVTX.Rev.3.16 – For use in NV and TX DM-1214-VAR.Rev.3.16 – For use in CT, OH, MD, SC and UT Accumulator Five DM-1212 – For use in all approved non-restricted states DM-1212-NVTX – For use in NV and TX DM-1212-VAR – For use in OH, MD, SC and UT Prevail Seven DM-1208.Rev.1.16 – For use in all approved non-restricted states DM-1208-NVTX.Rev.3.16 – For use in NV and TX DM-1208-VAR.Rev.3.16 – For use in OH, MD, SC and UT Please note that any previous versions of existing forms will not be accepted after June 10, 2016.
Life Insurance

Silver Bullet

Presented by Gary Peterson Are you looking for a “Silver Bullet”?  Is there a magic formula to finding prospects?  The simple answer is No.   However, we can prepare and be successful.  It requires persistence and perseverance as we work every day in our market place.  It requires the knowledge that we gain, not only through our continuing education, but from helping clients find solutions to their life situations.  We need to be actively involved with annual reviews.   By consistently holding systematic meetings with our current clients, we can grow our business for the new year.  We need patience in allowing our recommendations to be nurtured and put into action by our clients.   Throw off the negativity that surrounds you and boldly embrace the positive results of your plans and goals!
Bulletins

Financial Brokerage – DOL Fiduciary Ruling

On April 6th, the DOL released its new and final ruling (1,023 pages) explaining the definition of a fiduciary and the new regulations impacting financial service professionals, including those marketing fixed indexed annuities.  This new rule will have a “phased” implementation approach starting in April, 2017.  The new rule will require providers to act in the client’s best interest, disclose conflicts of interest and fees/commissions, and require an agreement be signed with the client for qualified funds.  The full impact of the law is still under interpretation.  Currently, there is much speculation on what may occur and not enough solid information for us to make adequate recommendations to our producers. The House of Representatives has passed a resolution to kill this bill, however, President Obama has vowed to veto the resolution.  We anticipate legal challenges to the ruling, SEC drafts of their own rule, as well as a host of other issues that will arise in the near future. Be assured Financial Brokerage will keep you informed of the latest information as it becomes available.  We will be working to provide the necessary technology and structure in order for you to continue marketing these products in the best interest of your client as you have in the past!
Edward Wieger – CEO