National Western – The Score Newsletter Including Rates for August 22, 2016

Riders Now Available in MN and NJ The Accelerated Death Benefit Rider (ADBR) for Terminal Illness and the Accelerated Death Benefit Rider (ADBR) for Chronic Illness on both the NWL Lifetime Returns Select and NWL SafeGuard Select are now approved in MN and NJ.
Updated illustration software, version 81 includes these additional riders and will be available on Monday. Please note, the ADBR for Terminal Illness is an inherent benefit and does not need to be indicated on the application.

Please select Accelerated Benefit Rider on the application only if the client is also adding the ADBR for Chronic Illness. A separate ADBR Disclosure for each benefit rider must be signed by the client and agent, and is available in FormSource.

MyNWL Maintenance and Office Closing

We will be updating several of our information systems beginning Thursday, September 1st through Monday, September 5th. During this maintenance period, MyNWL will be available with limited functionality. During this time, you may continue to access pending case details, but policy issue and commissions will not be processed at this time.
To ensure your applications are processed before the maintenance period, we encourage you to verify that all pending issue requirements are submitted by August 29, 2016. National Western will be closed on Monday, September 5th for the Labor Day holiday and applications received during the maintenance period will be coded after our offices reopen on Tuesday, September 6th.
We apologize in advance for any inconvenience, and appreciate your patience.

Interest Rate Change

Interest Rates will change effective August 27, 2016. You can view the updated rates here.

Click here to see the previous rates.

 

REMINDER: Agent Copies of Select Forms Now Accessible on MyNWL

As we continue to streamline our processes, please note that paper copies of the following will no longer be mailed to agents:

  • Interest Election Notices
  • Anniversary Statements

*Copies of Anniversary Statements for Global Lookback and the Impact Series will still be mailed.

 

Full Speed Ahead to Earn Your 1% Annuity Bonus The 1% commission bonus will apply to annuity applications* received between August 1, 2016 and September 30, 2016, and issued-and-paid by November 21, 2016.
*Excludes NWL Prevail Seven and all SPIAs. Bonus is payable to the writing agent only. In the event the writing agent is contracted as a Special Producer receiving no compensation from NWL, the bonus is paid to the recruiting Agent/Agency receiving the compensation.

Posted in Bulletins, Rate Change.