American Equity – New Products Available in Connecticut

New Products Now Available in Connecticut American Equity is pleased to announce new fixed index annuity products and income rider option. We are also expanding our RateShield fixed annuity line, with a new product featuring a lifetime income rider option. Plus, for higher rates, an optional Market Value Adjustment (MVA) is available on all RateShield products. Fixed Index Annuity Products Foundation Gold * 7% premium bonus on all premiums received in first contract year, vesting over a 10 year period * 5% penalty-free withdrawal after first contract year (cumulative withdrawal option available) * 10 year surrender charge period * Optional Lifetime Income Benefit Rider Foundation Gold Brochure Benefit Gold * 5% premium bonus on all premiums received in first contract year * 10% penalty-free withdrawal after first contract year * 10 year surrender charge period * Optional Lifetime Income Benefit Rider Benefit Gold Brochure Additional Income Rider Benefit Option Lifetime Income Benefit Rider with Wellbeing Benefit * 5% income account value rate * 150%-200% enhanced lifetime income benefit withdrawal, if eligibility requirements are met * Up to 5 year enhanced lifetime income benefit period * Issue age 50+ * Available on: Traditions Gold, Benefit Gold, Foundation Gold Income Rider Profile Fixed Annuity Products RateShield 10+ * 5% premium bonus vesting over a 10 year period * $10,000 minimum initial premium * Fixed rates with optional MVA
    • MVA option provides higher rates
* 10% free withdrawal after the first contract year * Optional income rider – IncomeShield
    • Guaranteed lifetime income
    • 8.5% simple interest IAV Rate
    • 20 year accumulation Period
    • 1% annual fee deducted from Contract Value
RateShield 10+ Brochure IncomeShield Rider Brochure

Prudential – New Pricing on PruLife SUL Protector

  Changes to SUL Protector Prudential strives to offer a relevant suite of products that align to a variety of customers’ needs. To reinforce our commitment to the no-lapse guarantee marketplace we are introducing new pricing on PruLife SUL Protector, effective August 21, 2017. The updated version has similar changes to those made to PruLife Universal Protector earlier this year. The new pricing incorporates the 2017 CSO table, uses Principal Based Reserves, and will help maintain the sustainability of SUL Protector. We will continue to monitor pricing on our entire suite of products and exercise the financial discipline that has helped Prudential provide enduring value to its clients for over 140 years. Reprice Details * Level pay scenarios will increase 6% on average. * Single pay scenarios will increase 14% on average. * Face amount limits will be removed on applied for policies using the new rates. * Introduction of 1st year flexibility, limits impacts to the No-Lapse Guarantee when premiums are paid later in the first year than anticipated in illustrations. This can be particularly beneficial for 1035 exchanges and backdated policies. * CTPs will be increased and generally be higher than level pay premiums. * Limited NLG (premium based) period increasing from 5 years to 10 years.  
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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

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.
 Rates Dates and States