Advisors Blog

New Target Marketing Reports to Help Land Business-Owner Clients

Share Allianz's new target marketing reports with business owners, to open discussions on their industry’s unique trends, challenges, and opportunities – and how fixed index universal life insurance can be a potential solution for their concerns. 

Revised NAIC Annuity Suitability Model Law

The NAIC recently proposed the adoption of a revised Annuity Suitability Model Law. Separately, the US Securities and Exchange Commission released a proposed rule package in May 2018, which included Regulation Best Interest. The SEC finalized Reg BI in June 2019. The final Reg BI establishes a best-interest standard of conduct for broker-dealers beyond the existing suitability obligation that applies to federally registered variable annuities.

The Following Training Is Required to Sell Annuities With American National

American National Annuity Product Training 

• Newly Appointed producers must take the IMG All-Encompassing Course located in your Learning Plan.
• Existing Producers who have already taken the IMG All-Encompassing Course satisfy the requirement with the review of the content in this email.

Continuing Education Training 

• To ensure all necessary training is completed, please review the Annuity State Suitability Training Guide for individual state requirements.

2023 Fingertip Tax Guide Now Available

The Fingertip Tax Guide is now available. This popular client guide has been updated to reflect 2023 tax numbers. Make sure to share this with centers of influence such as CPAs and attorneys.

Fixed Account Rate Changes for Life Products, Effective January 1, 2023

Effective January 1, 2023, Mutual of Omaha is increasing the fixed crediting rates as follows:

• Income Advantage IUL fixed account rate will increase 0.50% from 3.00% to 3.50%
• Life Protection Advantage IUL fixed account rate will increase 0.50% from 2.75% to 3.25%
• IUL Express fixed account rate will increase 0.50% from 2.75% to 3.25%

These rates change will apply to newly issued policies, as well as to any new premiums received on in force policies.

There will be no changes to IUL cap or participation rates. All IUL fixed account money will start receiving the new rates on January 1, 2023.

Introducing the Four Quarters Club

Mutual of Omaha introduces the Four Quarters Club, a brand-new incentive program for Simplified Issue products that pays out a 10% bonus on a quarterly basis to all qualifiers.

Inforce LTCi Rate Adjustments Effective March 1, 2023

Mutual of Omaha will be implementing the following inforce rate adjustments effective March 1, 2023.

Nationwide Executive Advantage Program Enhancements

Download the guide to learn more about recent improvements to the Nationwide Executive Advantage program, for eligible clients with an annual income of $150,000 or more.

• Increased eligible policy face amount to $20 million
• Added new eligible rate classes of Standard and Standard Plus to existing rate classes of Preferred and Preferred Plus
• Added options to complete an e-application and an online interview

Premium Deposit Account Rate Increase Effective January 1, 2023

Effective January 1, 2023, Securian is increasing their Premium Deposit Account (PDA) interest rates by 1% or more. New rates will be reflected on the financial professional site and in the illustration system on January 1, 2023.