American Equity – Rate Increase

Choice Series Rate Adjustments Effective December 6, 2016

American Equity’s Choice Series rates will change on December 6, 2016. We are happy to announce that rates are increasing on the Annual Point to Point with Cap and Annual Point to Point with Participation Rate.

All contracts issued December 6, 2016 or after will receive the new rates as outlined below. There will be no rate adjustments made to previously issued contracts.

Choice 10 (ICC14 IDX8-8)
CURRENT RATES
NEW RATES
INTEREST CREDITING METHODS Fixed Value 2.00% NO CHANGE
Annual PTP – cap 4.25% 4.35%
Annual PTP – PR 35% 40%
Monthly PTP – cap 1.90% NO CHANGE
Volatility Control Index w/Spread 1.0% NO CHANGE
Choice 8 (ICC14 IDX8-8)
CURRENT RATES
NEW RATES
INTEREST CREDITING METHODS Fixed Value 1.90% NO CHANGE
Annual PTP – cap 4.10% 4.35%
Annual PTP – PR 35% 40%
Monthly PTP – cap 1.80% NO CHANGE
Volatility Control Index w/Spread 1.25% NO CHANGE
Choice 8 (ICC14 IDX8-8)
CURRENT RATES
NEW RATES
INTEREST CREDITING METHODS Fixed Value 1.80% NO CHANGE
Annual PTP – cap 4.00% 4.35%
Annual PTP – PR 35% 40%
Monthly PTP – cap 1.70% NO CHANGE
Volatility Control Index w/Spread 1.60% NO CHANGE

State Life – Asset-Care PEC Funding Deadline and Required Annuity Training

REMINDER: Asset-Care PEC Funding Deadline is Sept. 30

This is a reminder that the deadline to fund Asset-Care applications that qualify for pre-July 1, 2016 base premium rates is Friday, Sept. 30, 2016.

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.

Find additional details about the PEC rate change funding deadline (originally communicated on July 21)

 

Massachusetts and Alabama: Annuity Training Required

Beginning October 1, 2016 (Massachusetts) and January 1, 2017 (Alabama), an insurance producer may not solicit the sale of an individual annuity product in either state until he/she has completed insurer-provided product-specific training. An insurance producer must also complete a one-time four (4) hour annuity training course provided by a continuing education provider approved by the state.
The OneAmerica insurance companies will verify that a producer has completed the appropriate OneAmerica insurance company product-specific training and a state approved annuity training course as part of processing an application.
Annuity applications will be returned for re-solicitation after the training requirements, both the product-specific training and the annuity certification course (within the required time frame), have been met.

Review Massachusetts requirements and learn how to get training

 

Review Alabama requirements and learn how to get training

Legacy Marketing – Rate Updates

Legacy Rate Announcement

The latest rates are in for Legacy Exclusive Products. To be among the first to know, download the complete package of current Quick Reference sheets, showcasing rate information, product highlights, and state availability. Any changes are indicated in blue.

 

Americo – Annuity Rate Change Notice

New Annuity Rates Effective September 22, 2016

We are excited to announce that Americo has made more positive rate adjustments to our Ultimate One Index Series and Future Provider Series annuity products. New contracts issued on or after September 22, 2016 will receive the new rates. Rates in GREEN indicate an increase.

For more information and to view new rates, click the link below.