Bulletins

American Equity – New Option Available on the Choice…

NEW Option Available on the Choice Series American Equity is excited to announce a new option now available on the Choice Series. 5% Penalty-Free Withdrawal with Market Value Adjustment (MVA) Rider Effective immediately, a 5% annual Penalty-Free Withdrawal with MVA Rider option is available on the Choice 6, Choice 8 and Choice 10 products. Interest rates may be higher for contracts with the MVA Rider selected. Please note: The 10% Penalty-Free Withdrawal with no MVA option is still available. An election must be made at time of issue for MVA or Non-MVA option. New Choice Series disclosures (#1155-D-6, #1155-D-8 and #1155-D-10 dated 3.9.17) will be required effective immediately. Current versions will no longer be accepted after April 7, 2017. To utilize the new MVA Rider, the updated disclosures must be used. Sales brochures and disclosures are no longer printed together. You can access both at our Forms site and by clicking the link below.
Bulletins

North American – Product Discontinuation and State Updates

The following fixed index annuities will be discontinued effective April 10, 2017: *North American Charter
* North American Precision Series
Applications for these products must be received in the Home Office by 5 pm (CST) April 9, 2017. Maryland Disclosure Statement Universal Life Policies with a No Lapse Guarantee of 20 years or more no longer require a Maryland Disclosure Statement.
New Suitability Regulation for Missouri Missouri has adopted the Suitability in Annuity Transaction Model. This model requires agents and insurers to establish reasonable grounds for annuity product recommendations to ensure the recommendation is suitable. This new regulation also has TWO specific training requirements for insurance agents:
1) North American Annuity Product specific training
* Upon release of new products and features, product-specific training.
2) A one-time, four-credit hour general fixed annuity training course
* Appointed agents prior to 3-30-2017 are required to complete the one-time, four-hour general fixed annuity training requirement course by 9-30-2017.
Bulletins

Americo – Sales Connection Update

Americo performed a system upgrade to Sales Connection on Friday, February 24, 2017, from 8:00 pm to 11:00 pm Central. Several enhancements to our eApplications were made during this upgrade.
* Replacements – You will no longer need to provide paper forms when a client has existing insurance or is replacing insurance. The Sales Connection eApplication will now have the replacement forms available to be completed and signed.
* Upgraded Email Signature Security – In order to better protect you and your clients, we will now require an additional layer of protection for email signatures. 
After the upgrade, if you experience any issues with Sales Connection, please clear your browser cache. We have found this to be an easy fix to problems that occur after system upgrades. If you still experience issues after clearing the cache, please contact Americo Sales Support.