National Western – The Score Newsletter

NWL Income Protector –  New States Added! 
We are excited to announce that the NWL Income Protector is now available in even more states!

For this latest group of states, you’ll find that the approved product offers most of the same great features that everyone is raving about with only a few minor differences.

Visit MyNWL to view the updated marketing materials for the state variations. Click here to view the newly approved states.

For an at-a-glance look at the state variations, you can reference the highlight sheet by clicking here.

NWL DOL Fiduciary Standard Strategy
As of June 9, 2017, the Department of Labor Fiduciary Rule is officially in effect. We have hosted several webinars to provide a detailed overview on our DOL strategy. Be sure to stay tuned for more informative webinars to come! Click here to read the entire Agency Bulletin regarding NWL’s strategy.

E & O Now Required
As of 4/1/17, NWL now requires E & O from all newly contracted agents who solicit our products. Effective immediately, all agents are required to maintain E & O coverage.

Please be sure that your E & O requirement is satisfied prior to submitting any business or it may affect the turnaround time of the application process.

National Western – The Score Newsletter

Are You on Target? Find Out! Now it’s easy to view your progress and find out if you need to add new luggage to your holiday wish list for that big trip to Miami and Key West in 2017!
We’ve given the “Am I on Target” widget on MyNWL an overhaul! It’s user-friendly, real-time accurate, and your stats are just a click away! Check it out today and see if you’ve qualified!
To check your progress, just log in to your agent website and click on the ‘Am I on Target?’ link in the Sales Conference Section of the homepage.
Are you “this close”? You’ll be excited to hear that Double Credit has been EXTENDED and is now available until the end of the year! Double Credit calculations are incorporated into your target numbers.

UPDATE: CA Annuities — Issue Ages Listed In the last issue of The Score we alerted you to the upcoming modification of issue dates for California annuities in 2017.
This change will restrict the availability of some of our California approved products to certain ages.
The regulation is effective for policies issued on or after January 1st, therefore all applications that do not meet the 2017 California state guidelines must be in good order and funding received NO LATER THAN December 22nd, 2016.
Annuitant ages on the following products for policies issued after the deadline will be as listed:

*  NWL Ultra Classic * NWL Ultra Benefit

*  NWL Ultra Future * NWL Benefit Assurance

* NWL Future Assurance

0-56 0-55 0-54 0-55 0-54

The following products may continue to be issued without any changes:
* NWL Global Lookback

* NWL Ultra Value * NWL Value Assurance * SPIA

The typical transfer takes 14 to 30 days so please exercise caution on submissions requiring transfer of funds.

Year End Processing Cutoffs To ensure processing of all applications by December 31, 2016, it is imperative that we adhere to the deadlines listed below.
Life New Business: * All underwriting requirements – such as medical requirements, attending physician’s report, etc. must be received in our office by December 9, 2016.

* All issue requirements – such as amendments, policy delivery receipts and funding – must be received by December 16, 2016.
Annuity New Business: All Fixed Indexed Annuity applications must be IGO (In Good Order – no outstanding requirements) with funding received by December 22, 2016 to be issued in 2016.
Updated Agent Contracts NWL agent contracts have been updated. The new agent contracts have been streamlined to make it easier for recruiters to complete the agent on-boarding process.
Here are some of the benefits of the improved process:
* Reduced the number of places required for a recruiter to sign.
* Recruiter now must indicate the agent commission level directly on the contract, instead of completing a separate kit for each commission level (with the exception of Special Producer contracts). This reduces the overall number of contract kits to select from.
* Combined Life and Annuity Kit – New contract kit allows a recruiter to complete one data sheet to satisfy both Life and Annuity contracts. No more completing two separate kits for Life and Annuity.
To access the kits and commission schedules, visit MyNWL, then click Licensing and Commissions, then select Schedule of Commissions and Contracts.
PST Instructions Have Been Updated NWL’s PST (Product Specific Training) registration instructions have recently undergone a few changes.
To access the updated instructions, visit the MyNWL Training University section or click here to view the PDF.
Indexed Life Policy Funds Effective immediately, 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. Otherwise, funds will not be indexed until the next quarterly index date.
For January 2017 indexing, all requirements must be in good order by January 6th in order for funds to be indexed by January 10th.

National Western – The Score Newsletter

Changes to California Take Effect Jan. 1, 2017 In September, the state of California adopted Bill #2484 which modified the maturity date for annuities.
Specifically, the bill added the following language to current regulations: “In the case of annuity contracts under which the fixed maturity date is later than the later of the anniversary of the contract next following the annuitant’s 70th birthday or the 10th anniversary of the contract, the maturity date shall be deemed to be the later of the anniversary of the contract next following the annuitant’s 70th birthday or the 10th anniversary of the contract.”
This change will restrict the availability of some of our California approved products to certain ages.
The regulation is effective for policies issued on or after January 1st, therefore all applications that do not meet the 2017 California state guidelines must be in good order and funding received NO LATER THAN December 22nd, 2016.
Annuitant ages on the following products will now be restricted for policies issued after December 22, 2016:

* NWL Ultra Classic

* NWL Ultra Benefit

* NWL Ultra Future

* NWL Benefit Assurance

* NWL Future Assurance

The following products may continue to be issued without any changes:

* NWL Global Lookback

* NWL Ultra Value

* NWL Value Assurance

Please exercise caution on submissions requiring transfer of funds. The typical transfer takes 14 to 30 days.

 

The Beach Called…It Wants to Know if You’re Coming You still have time to qualify for the 2017 Sales Conference and Champions Club in Miami and Key West! Keep that momentum going to secure your spot in gorgeous southern Florida.
Now it’s even easier with Double Credit available for the entire month of November!
To check your progress, just log in to your agent website and click on the ‘Am I on Target?’ link in the Sales Conference Section of the homepage. Click here to review the qualification requirements.

Electronic 1099’s 1099’s are now available on MyNWL for both agents and policyholders. If you would like to receive your 1099 electronically, please visit MyNWL to opt-in. This is yet another opportunity for NWL to streamline our processes.
To access the electronic 1099’s, log on to MyNWL.com, then:
For agents: Go to Licensing and Commissions and select “Electronic 1099’s”
For Policy Holders: Select “Electronic 1099’s” on the home page in the Quick Links section

Transamerica – TransWeekly Newsletter for August 25, 2016

Product

New Trendsetter Term Consumer Letters
Check out the latest Trendsetter materials. Use the new term life insurance, Trendsetter® Super, and Trendsetter® LB letters to make a connection with new and existing clients.

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Forms

Updated Questionnaires Now Available
All supplemental questionnaires have been updated, which required an assignment of new form numbers. View affected forms here. The updated questionnaires are available via TA Forms on TransACT.

Please note, the new forms do not allow alteration after submission. If any information is incomplete or requires changes, a newly completed questionnaire must be submitted. Use of the new forms is required for any questionnaires received on or after October 1, 2016.

New Final Expense Form Required in Washington
A new Accelerated Death Benefit Rider Disclosure Form is required for Final Expense sales in the state of Washington. The new form number is ACC-DISC LR WA 01, and it will be available beginning on Friday, August 26. This form will be required with all applications received on or after October 1, 2016.

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Business Forms

Here is the most recent Transamerica Forms Updatedocument, which can also be found on the TransACT home page, under the Now Available section.