State Life – Important News
State Life has issued the following bulletins:Voya – Rates and Important Information
To take a look at current interest rates offered on Voya Fixed Indexed Annuities please click here. Updated Suitability Process Effective April 1, 2016, Voya implemented an updated suitability form for all fixed products including the SPIA product. Suitability review for SPIAs will now more closely align with the current review process for fixed products, and will utilize the same form. Transition rules: 4/1/2016-5/1/2016 older versions of the suitability form will be acceptable. As of 5/1 Voya will begin requiring the updated suitability form (#158670) for all fixed products including the SPIA product. If the updated suitability form is not received, a call will be made for the updated form.The Eight Elements of Extended Care Riders – Finding…
Presented by Brian Leising Finding the right formula for each client Not all extended care riders on life insurance policies are created equally. Do you know the differences? Different combinations will appeal to different clients more than others. Here are eight of the major distinguishing features among insurance companies offering extended care riders. All include some combination of the eight elements. This allows you to find the right formula for each client.Premium Payments | Benefit Qualification | Benefit Amount |
Pf Payment Frequency | Pa Payment Amount | |
Lg Lapse Guarantee | Tc Tax Code | Pm Payment Method |
Wp Waiver of Premium | Ep Elimination Period | If Inflation |