Prudential: Here’s what’s new this week in Life Essentials
February Webinar: Legislation and the Capital Markets Impact – the Good, the Bad, and the Opportunity |
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Product News
ATTENTION: Oceanview Banded Rates and Commissions!
Oceanview is excited to announce higher crediting rates on the Harbourview MYGA Product for premiums $80k plus (banded rate)!
Click Here to Download Banded Rate Guide
The following rate changes will be effective Monday, February 1st, 2022.
HIGHLIGHTS:
· Rate Increase (up to 25 bp!) for all MYGA products in the High Premium Band
· Increase on the Commission for the 2-, 4-, and 6-Year MYGA products!
Producer Commission Rate Increases
2-Year: 0.75% to 0.85% ( 10 bp)
4-Year: 1.00% to 1.15% ( 15 bp)
6-Year: 1.00% to 1.25% ( 25 bp)
· 100% COMMISSIONS at RENEWAL for the 2-, 4-, and 6-Year MYGAS!
Sagicor: DOL Fiduciary Standard Rule Effective 1-31-22
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DOL rule update: nonenforcement period ends January 31, 2022
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Department of Labor (DOL) rule update: nonenforcement period ends January 31, 2022 We are quickly approaching January 31, 2022, which is the last possible date that an insurance-only agent can rely on the nonenforcement period for the new DOL rule, entitled “Improving Investment Advice for Workers and Retirees.” (This rule became effective on February 16, 2021 but had a temporary nonenforcement period.) High-level overview of DOL rule If the DOL rule applies to the transaction and satisfies the 5-part test, the advice is subject to a fiduciary standard AND you must comply with an available Prohibited Transaction Exemption to receive compensation on the transaction. To help prepare for doing business under the new DOL rule, visit our DOL resource page to review training and other tools, including a sample disclosure form to help you better understand the requirements. NOTE: If you are working with a broker/dealer, you should get instructions on compliance with the new DOL rule “Improving Investment Advice for Workers and Retirees” from your back office. Our continued commitment Sherri Du Mond |
Pacific Life: How Instagram is Helping Businesses
| Using Instagram to Help Market Your Life Insurance Business As the popularity of social media continues to grow, Instagram has become a powerful platform that you can use to promote your life insurance business. Learn simple steps that can make Instagram a highly effective platform to engage with potential clients. Or if you are a seasoned user, see how you can strengthen your branded content to help your business grow in this edition of Broad Market Insights. |
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New Assurity Accidental Death product EZ link for all Assurity agents! GI & simple 5min process
Levinson agents can use the following link to Quote and Submit an application for Accidental Death today:
https://quickstart.assurity.com/Agent-AccidentalDeath
This link will require you to input their Assurity agent code during the submission process, but it’s a quick way to write a piece of business without needing to specifically login to our carrier website!
Mutual of Omaha News: January 19th
| | Life Insurance |
| IULs Made With Simplicity in Mind |
| At Mutual of Omaha, we have IULs designed with simple to understand crediting strategies, for whatever your clients personal insurance needs may be. |
| | Long-Term Care |
| Inforce Long-Term Care Insurance Rate Adjustments Effective April 1, 2022 |
| We will be implementing inforce rate adjustments for Alaska, North Dakota, Kentucky, South Dakota and Wyoming effective April 1, 2022. |
| Long-Term Care Time Service Update |
| We are aware that our long-term care application service levels are not where you expect them to be; however, we are hiring and training additional case managers to help with the workload to ensure your business is handled properly and as quickly as possible. |
| | Disability |
| Using the Mutual Income Solutions Quote and e-App Tools |
| The quote and e-App tools for Mutual Income Solutions make it easy to get business issued. |
| Mutual Income Solutions: Cross-sell Opportunities |
| Help clients understand the value of combining Mutual Income Solutions with their fully underwritten life insurance or long-term care insurance policy. |
| | Critical Illness |
| Critical Advantage: A Simple Concept Made Easy to Sell |
| The Critical Advantage e-App allows you to complete and submit your cancer, heart attack and stroke and critical illness applications fast and easy online. |
| Filling the Gaps with Cancer Insurance & Heart Attack/Stroke Insurance |
| Mutual of Omaha’s Cancer Insurance and Heart Attack & Stroke Insurance can help your clients fill the coverage gap they may experience in retirement. |
Securian: Ready for next level digital illustration experiences?
| The tools you need to close the sale-all in one spot |
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What if every illustration included an interactive web-based client presentation? At Securian Financial, we’ve created an innovative digital illustration presentation page on both Eclipse Accumulator Indexed Universal Life (IUL) and Variable Universal Life (VUL) Defender illustrations. You’ll find this tool makes it simple to present, answer client questions, provide resources and submit cases by providing: § an interactive graph-based on illustrated values § sections for easy product presentation § added resources to help your client understand the product and track their policy status once they apply § easy-to-access link to submit your case Pull up all the tools you need with the click of a button (or a scan of your phone) and pave the way to making doing business easy. But don’t take our word for it. Take a tour yourself by viewing our interactive demo site. Or create an illustration and scan or click the link on the cover page. |
| Visit sample website |
John Hancock: All single-life policies will now be e-Delivered!
January 18, 2022
We are excited to announce that our e-Delivery of policy contracts service is now available for all single-life policies — including indexed UL and variable UL! This service helps streamline the delivery process and ensure post-delivery requirements are signed in good order (all paperwork requiring signatures will be automatically tagged).
For a step-by-step overview of the signature process by role (i.e., firm contact, producer, and customer), please refer to our recently-updated e-Delivery of policy contracts reference guide.
As always, please contact your John Hancock case manager with any questions.
| Reference guide |
Reference guide
Prudential: Here’s what’s new this week in Life Essentials
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