The Allianz 365i is now available in FL, IA, IN, NH, TX and WY and will be rolled out with an 8% premium bonus as part of their Premium+ Event for all applications submitted February 9, 2012 through March 19, 2012 (the Premium+ Event for all other approved states applies only to applications submitted January 31, 2012 through March 7, 2012).
American Equity would like you to join them in Maui at the Ritz-Carlton, Kapula October 2-6, 2012. Qualifying producers will have $3mm in paid annuity premium (excluding internal transfers) during the period of July 1, 2011 to June 30, 2012.
Fidelity and Guaranty will be suspending Medicaid SPIA sales for their Immediate-Safeguard product, as well as suspending the deferred annuity Medicaid settlement option on their traditional and fixed indexed annuities. For Immediate-Safeguard sales, applications with cash or 1035 paperwork must be received in good order by February 29, 2012. Any "Medicaid Friendly" policies (Guarantee-Platinum series, Guarantee-Plus series, Escalator 6, Safety 4 and Safety 7) with an effective date prior to April 1, 2012 will continue to have the Medicaid settlement option available.
Liberty Life is proud to announce that they are now Athene Annuity! In the coming months they will deploy a new technology platform that will simplify and streamline the way you do business with Athene Annuity. Most important, they have a full pipeline of new products that will be available shortly...stay tuned!
Lincoln Financial will make changes to their life products due to the current economic environment. Effective February 21, 2012, the LifeElements Term will have a reduced policy fee, the LifeGuarantee UL and LifeGuarantee Plus SUL will be repriced, and the LifeGuarantee Plus UL and DurationGuarantee UL will be closed to new sales. There will be a 30 day transition period between the old and new versions of the LifeGuarantee UL and LifeGuarantee Plus SUL. Also, the LifeReserve Indexed UL (2011) will now be referred to as the LifeReserve Indexed UL Accumulator.
MetLife is set to implement new issue limit caps on their Guarantee Advantage UL and Legacy Advantage SUL policies, effective March 30, 2012, which will limit premiums to eight times the target premium. In anticipation of this change, the illustration system will be restricted on February 24, 2012 and will no longer illustrate premiums in excess of the new limit. Any policies with premiums in excess of eight times target must be received in MetLife's home office by March 30, 2012 and anything illustrated or received after these deadlines will be rejected.
