AIG Connections Newsletter – November 2021
Client Profile Form Update
The Client Profile Form has been enhanced to reduce NIGO items and guide an agent when documenting the basis for their recommendation or reasons for replacing an existing annuity.
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New Lockbox Requirement
Effective 11/30/2021, our lockbox provider JPM Chase Bank, will no longer accept U.S. Post Office mail or courier packages (UPS, FedEx, etc.) that are missing a lockbox number from the address label.
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Additional states adopt changes to suitability rules
Financial professionals in Alabama, Maine, and North Dakota must complete required training due to National Association of Insurance Commission (NAIC) revisions to its Model Regulation 275, Suitability in Annuity Transactions. Please read the bulletin for deadlines and changes to our application submission process for each state below:
Alabama Bulletin
Help clients generate the yields they want with a fixed index annuity
A recent study found that an FIA-enhanced portfolio may outperform a traditional 60/40 stock and bond portfolio 72%-92% of the time, depending on the interest rate environment. Use our online calculator to gain additional insight into how a fixed index annuity may fit in an asset allocation portfolio.Link to an online calculator
When will clients need the most retirement income?
Research shows that spending is highest early in retirement and declines with age. Talk to clients about how The Power Series Index Annuity with Lifetime Income ChoiceSM Max Income Option can help provide more income early in retirement, when spending is generally the highest.
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Diversified choices for more growth potential
The Power Series Index Annuity offers diverse crediting options that provide the potential to earn interest based in part on the performance of a leading equity market or hybrid multi-asset index such as: MLSB, PIMCO, AQR. The following case study highlights the key features and return history of the hybrid indices available with this index annuity.
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A potential income advantage – for life
Assured Edge Income AchieverSM can provide clients a predictable 6% income growth rate each year until income begins. And when they need it most…guaranteed lifetime income that’s protected from market risk to help reduce portfolio strain. Use the online calculator below to help calculate your clients future income potential based on premium amount or income need.
Link to calculator
Calculating the retirement “Income Number”
Knowing how much income clients are going to need, starts by determining their “income number.” Our interactive planning worksheet can help you help them calculate future income needs based on the lifestyle they want.
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Help clients answer the “Big Question” – When to start collecting Social Security?
Although Social Security will likely only serve as one source of your client’s income in retirement, it’s an important decision that will impact the income they receive throughout their lifetime. To help clients make informed decisions, you’ll want to consider a number of key factors described in this brochure.
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Digital hub to help you build a more digitally savvy practice
Check out Client Connections from AIG – our 360-digital hub with access to videos and additional practice-building tools.
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