Last Updated: January 26
AIG
- Annuity Rates Are Changing. The new rates shown at the link above are effective January 2018, in all states except New York. The bold blue rates are the previous rates.
Need help with any of AIG's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
American National
- ANICO Strategy Indexed Annuity PLUS. The Lifetime Income Rider with Fixed Rate can now DOUBLE THE INCOME BASE in 10 years! Click the link above to see a hypothetical example using ASIA PLUS 10 with a $100,000 premium and Lifetime Income Rider with 7.2% Fixed Rate.
Need help with any of American National's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
AXA Equitable
- New IUL Protect. Introducing IUL Protect, our next generation flexible premium indexed universal life insurance product with many of the great features you have come to know under BrightLife Protect Series 155, like the simple “no math” No Lapse Guarantee to age 90 (40 years for issue age under 50) and the LongTerm Care Services Rider. In addition, IUL Protect contains straight forward performance opportunities through its unique Extra Interest Credit and Stronger caps. IUL Protect will be available for sale in all jurisdictions (except New York and California, pending approval) starting Monday, January 22, 2018. Click the link above for more details.
Need help with any of AXA's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
L&G
- Sales and Marketing Organizational Changes. 2017 was a pivotal year for Legal & General America as we opened new verticals and executed our growth plans in BGA Distribution. To ensure that we continue to achieve our overall growth strategies, Mark Holweger, Managing Director, Partnerships (Legal & General Insurance UK), has accepted the role of Executive Vice President, Distribution and Marketing at Legal & General America, effective February 14, 2018. In this new role, Mark will lead the delivery of our partnership growth strategy and ensure that our existing BGA channel continues to deliver growth in our core distribution space.Click the link above for more details.
Need help with any of L&G's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Lincoln Benefit Life
- Changes to LBL’s Agent Licensing and Commissions. Lincoln Benefit Life’s agent-related services are transferring to Alliance-One Services, Inc. on January 22, 2018. These changes apply to agent maintenance, licensing and commissions. What's changing?
- Alliance-One will handle agent commissions for life insurance policies (excluding GenBuilder) sold by LBL agents, including policies that continue to be serviced at Allstate.
- Licensing and agent maintenance for LBL agents (independent agents in the MBA channel) will be administered by Alliance-One.
- Life commissions will be paid monthly instead of weekly.
- Life commission statements will no longer be mailed and will be available to view or download from life.lbl.com beginning January 22, 2018.
- Broker-Dealers or agencies paying life commissions direct to registered representatives will need to download commission statements from life.lbl.com to obtain the commission activity for those representatives.
- For assistance with registering on the website, call 888-338-1038. All other licensing and commission inquiries, email [email protected] or call 844-768-6777.
- Commissions will be processed on the third Friday of each month, or next business day if the process date falls on a holiday; payments will be released from LBL’s bank within 3-5 business days following the process date. (The first monthly LBL life commission payment will be processed on January 26, 2018.)
- The current payment mode on file, check or electronic funds transfer (EFT), will remain in place.
- Commissions for LBL fixed and variable annuity contracts, and long-term care policies are NOT changing.
- Any processes relating to LBL variable annuity contracts and long-term care business at LifeCare will not be affected by these changes.
Need help with any of Lincoln Benefit Life's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Mutual of Omaha
- Life Media Kit - January 2018. Helping you recruit, train, and retain the best producers. Click the link above for more details on:
Need help with any of Mutual of Omaha's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Protective
- Protective Enters Agreement to Acquire Liberty Life Assurance Company of Boston. On January 19, 2018, it was announced that Protective Life Insurance Company has entered into an agreement to acquire the individual life and annuity business previously underwritten by Liberty Life Assurance Company of Boston. This acquisition will take the form of a reinsurance agreement and is part of a three-party transaction. The third party to the transaction, Lincoln Financial Group, will be acquiring Liberty Life Assurance Company of Boston and will be retaining Liberty's Group Benefits Business. This transaction is expected to be completed in the second quarter of 2018, pending regulatory approvals and closing conditions. As we move toward that date, both Protective and Liberty Life Assurance Company of Boston will continue to operate as usual. Below is a quick summary of the forward looking ownership structure effective at closing. Click the link above for details.
- Offer Clients Higher Cash Values and Longer Protection with Protective Indexed Choice UL. Get co-branded sales ideas at the link above.
- Protective® Survivor UL Rate Changes. Due to the continued low interest rate environment, it has become necessary to increase the rates of our Protective® Survivor UL product. With this change, rate bands will be removed from the product. In addition, Protective Survivor UL will be "non-illustrated," meaning product illustrations will only show guaranteed values. By only showing guaranteed values on illustrations, we will eliminate the signature requirement - giving you more time to provide value to your clients.
Need help with any of Protective's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
Prudential
- Pru Term Essential - New Rates Effective January 2, 2018. On Tuesday, January 2, 2018, the repriced Term Essential will be introduced, subject to state approvals. Transition rules:
- January 2, 2018 (Ready to Sell Date): New Rates for the repriced product are in effect. All applications signed and dated on or after January 2, 2018 will receive New Rates.
- A transition period for requesting Old Rates is not applicable, as there are no rate increases.
- States that approve the New Rates after January 2, 2018 will have their “Ready to Sell Date” adjusted.
- PruLife Founders Plus UL - New Rates Effective January 2, 2018. On Tuesday, January 2, 2018 changes to PruLife Founders Plus UL will be introduced, subject to state approvals. The following rules apply to any request for New Business, Term Conversion, or OPAI (Option To Purchase Additional Insurance) Conversion. Transition rules:
- January 2, 2018 (Ready to Sell Date): New Rates for the repriced product are in effect. All applications signed and dated on or after January 2, 2018 will receive New Rates (unless Old Rates are requested and permitted).
- January 29, 2018 (Transition Period End Date): Last day that an application can be signed with a request for Old Rates. If Old Rates are desired for an application dated during the 28-day Transition Period, a written request, along with the appropriate illustration version, must be submitted on or after the state introduction date. Applications dated January 30th and later will receive the New Rates only.
- States that approve the New Rates after January 2, 2018 will have their “Ready to Sell Date” and “Transition Period End Date” adjusted.
Need help with any of Prudential's products?
Call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team.
