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.

Posted in Bulletins, Newsletter.