Legacy Marketing – Commission Rate Changes
Legacy Marketing has issued the following bulletins: Three Weeks to Secure Higher FGL Rates and Commission Reminder – LibertyMark Commission Rates Changing July 29, 2016. Please call our office for more details.State Life – Asset Care PEC Funding Extension
OneAmerica is extending the deadline from Wednesday, Aug. 31 to Friday, Sept. 30., 2016 to fund Asset-Care applications that qualify for pre-July 1, 2016 base premium rates.
Updated transition rules are as follows:
- All business submitted/received no later than Thursday, June 30 and fully funded no later than Friday, Sept. 30, 2016 may use the pre-July 1, 2016 rates.
- All other new business will receive the new July 1, 2016 rates going forward.
North American – Enhancements to SimpleSubmit
North American is excited to announce two enhancements for SimpleSubmit. Click here to read more.American Equity – New Commission Payout on MYGA Renewals
Effective July 14, 2016, American Equity will pay 50% of your stated commission rate on Guarantee Series/MYGA automatic renewals.
The new commission payout will be applied to MYGA renewals issued July 14, 2016 and after. No adjustments will be made to past renewals. No exceptions.