Annuities

Bonus or No Bonus Annuity

Presented by David Corwin I think I’d take the latter – let me explain why. I’ve been in this ever changing Indexed annuity world for several years now and not unlike any other aspect of the insurance world, it is constantly changing. I’ve worked with hundreds of agents in my career. I work with some agents that only write bonus contracts. I’ve compared two of the best selling products with a particular carrier; one with a bonus and one without. I used the same index strategy and time period and the results were quite alarming. The bonus product that offers a 10% premium bonus netted $151k at the end of 20 years and the product without a bonus was over $215k. Why is this you ask? Well, I will tell you that typically on bonus products the commission rate is higher and thus the cap rates are lower than on a non-bonus product. This can result in much better performance long term.
Bulletins

Mutual of Omaha – Express Newsletter for June 22,…

 LIFE
Kansas Temporary Insurance Agreement Changes Due to a recent Kansas regulatory notification, there will be changes to the Temporary Insurance Agreement (TIA) forms.   Help your client go from temporary to permanent Remind your clients about the term policies’ conversion opportunities and help them get the most out of their policy.   Illustrate How an IUL Can Help Fund a Child’s College Education An IUL policy can help provide supplemental funds for a child’s college education. Learn about the Winflex report that can help you illustrate this concept for your clients.
 MEDICARE SUPPLEMENT
New Underwriting Guide Available The current underwriting guides have been combined into a single guide for all underwriting companies.   Upcoming Rate Adjustments Please review information on upcoming rate adjustments in NV, OK and WA.
 LONG-TERM CARE
Grow Your LTCi Sales with Mutual of Omaha LTCi is a product many people need, but too few own. Given the demographic shift as 70 million baby boomers enter or near retirement and with no viable government alternative on the horizon, they see LTCi as a product with incredible potential for growth.   Michigan MutualCare Solutions LTC product Partnership Lookback Passive Exchange offer to be sent to Michigan MutualCare Solutions policyholders who may now qualify for Partnership.
 DISABILITY
Help Educate Your Clients on Priority Income Protection The newest disability product – Priority Income ProtectionSM – is able to pay your clients a monthly benefit when they suddenly become unable to work due to a disability.
US Holiday Telephone Solicitation Bans for the Month of July Be aware of holiday telephone solicitation bans for July.
Bulletins

National Western – The Score Newsletter for June 13,…

Renewal Rate Change Click here to view the updated rates effective June 20, 2016.
Indexing of Life Policy Funds As a reminder, Life New Business will not index policy funds unless all pending requirements have been received at least 3 business days prior to the upcoming index date. If pending requirements have not been satisfied, funds will not be indexed until the next quarterly index date. For July, this means all requirements must be in good order by close of business on July 6th for funds to be indexed by July 10th.
Updated Forms Living Benefit Term – the Applications for Individual Life Insurance forms have been updated:
State: Current Form: Replaced By:
DE 01-9064-11 01-9064-15
SD 01-9064-11 01-9064-15
DC 01-9064DC-11 01-9064DC-15
ND 01-9064-11 01-9064ND-15
All Applicable States ICC11-01-9064-11 ICC15 01-9064-15
N/A Texas Thistle
Please be advised that any previous versions of these forms will no longer be accepted after August 1, 2016.