EquiTrust – DOL Fiduciary Rule Information

On June 9, 2017, the Department of Labor Fiduciary Rule will become applicable, marking the end of a 60-day extension from the original applicability date. We want to help your agents comply with the new rule as simply as possible,  by providing
  • Direction on how to do business with EquiTrust after June 9
  • Required form
  • Complimentary, optional DOL training through LIMRA
To view more details, click here.

EquiTrust – Arizona Agent Training Requirement

Arizona recently adopted the model suitability regulation which mandates training elements for agents.  Arizona annuity producers must complete 4 hours of General Annuity Training CE credits (provided by a state-approved training vendor) in addition to the EquiTrust product-training requirement already in effect. General Annuity Training Element Four hours of continuing education credits must be obtained by an approved vendor offering General Annuity Training.  Only state-approved training courses meet the requirement and are available at the Arizona Department of Insurance website. The effective date for General Annuity Training Element is January 1, 2018. Please contact the training vendors for dates, times and fees.  You must provide a certificate of completion to EquiTrust prior to soliciting or selling to fulfill your General Annuity Training requirement: FAX: 515-226-5102, or email: Agent.Administration@EquiTrust.com.
Life Insurance

Americo – Compliance Updates

AML Training Reminder
As a reminder, all Americo agents who sell cash value products (term with cash value, universal life, whole life, and annuities) must complete anti-money laundering training. You must renew this training every two years from the initial training date. To avoid a delay in business, please make sure you have taken your renewal training. More Information
Louisiana Clarification on “Value Added” Services
Advisory Letter No. 2015-01, originally issued on June 3, 2015, has been revised and re-issued in order to clarify prior guidance regarding services offered to insureds and services offered to the general public. More Information
Missouri Replacement Regulations
The state of Missouri has recently adopted a variation of the NAIC Life Insurance and Annuities Replacement Model regulation. In order to comply with the new requirements, effective May 30, 2017, there will be changes for all policies sold in Missouri. More Information