Rates

New rates are typically effective the first Tuesday of the month, with a preview of declared rates available one week prior.

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Psst! We’ve got Advanced Markets Intel for you.

Get relevant, timely Advanced Markets insights and strategies.

David Foster, our senior director of Advanced Markets, has over two decades of experience in the financial industry and advanced markets.

And now, with his new ongoing LinkedIn series, Advanced Markets Intel, he’ll be keeping you up to date on the latest trends and opportunities using fixed index universal life insurance in estate planning, taxation, business strategies, and more.

Stay in the know – follow David Foster and Allianz Life on LinkedIn.

Question: Could your clients’ retirement income be hurt by persistent low interest rates?

Allianz Answers

This new video in the Allianz Answers video series explores how in a low interest rate environment, your clients’ retirement assets may not be able to provide the kind of returns they’ll need to help them retire comfortably.

But an annuity – along with helping to grow their assets – can provide them with income that’s guaranteed to last as long as they live, no matter what the interest rate is, or what the market does.

Along with the video here are the tools designed to promote it. Call the FASTeam at 800.950.7372 or the Sales Desk at 800.542.5427 to order the client mailer (M-6044).

Understanding Social Security and Medicare guidebook

Get your copy today!

We are excited to announce that our popular Social Security and Medicare guidebook (ENT-1520-N) is available for 2021.

Some of the many topics covered in this helpful book include:

1. Qualifying for Social Security retirement benefits and when clients may want to start those benefits
2. Taxation issues, including what portion of clients’ Social Security income is taxable
3. Strategies that can help retirees and their spouses make the most of their Social Security benefit options
4. Medicare, Medicaid, and long term care basics, including eligibility rules and when to enroll

Many financial professionals find this to be a valuable reference when talking to their clients on various Social Security topics.

› Call to get your copy of this informative piece or download it today.

Do your clients know what an annuity is?

Or why they might want to consider an annuity?

Let’s educate and inform your clients on how annuities can help address some common financial concerns – such as helping save for retirement and providing a level of protection for retirement savings. Use our tools and videos to help your clients get answers for their retirement needs.

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Do you have complex questions regarding your business?

Look no further than the Advanced Markets Q&A book.

The Advanced Markets Q&A book answers a variety of common questions that the Advanced Markets team receives on a daily basis. This popular resource covers topics like qualified plans and IRAs, nonqualified annuity taxation, life insurance, estate planning, and more. Be sure to keep our latest version handy to help keep your business running smoothly.

› Download it now

As you may have already heard, the Ways and Means Committee released a first draft of potential tax reform provisions, several of which could have a substantial impact on life insurance planning in 2022 and beyond.

To provide you with up-to-date information on potential tax reform, the Pacific Life Advanced Designs Unit intends to have a series of short informal webinars throughout the process to keep you up to date with the information that you need.  The first of these webinars will be this coming Friday at 9 AM Pacific Time (scheduled for 30 minutes).

Please use the below link to register for the webinar.  While this webinar is designed for you, you may invite producers that would benefit from the information provided.  To minimize complications, we will not have a formal invitation for these webinars so please forward the below link to the appropriate producers so they can register as well.

What – ADU Tax Reform Webinar

When – 9/17 at 9 AM Pacific

Registration Link – https://pacificlife.zoom.us/webinar/register/WN_NtbkN90RTZGwTkYpLT1k2Q

Pacific Life, its distributors and their respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

THE TWO CHANGES BEING IMPLEMENTED:

1. Single-Premium Asset Care: The first is a pricing adjustment to the base life insurance portion of the contract and is ONLY on our cash/cash equivalent single premium funded Asset Care. There are no pricing adjustments being made to the COB rider or the inflation options.  It’s important to know that this pricing adjustment is only on the Single Premium solution and isn’t applicable to the recurring premium Asset Care or the Annuity Funding Whole life Asset Care.

1. Annuity Funding Whole Life Asset Care (Qualified Money approach): The second change is a reduction to the bonus on our “Annuity Funding Whole Life” Asset Care strategy (used when funding with lump sum qualified dollars or to convert a individual life contract into a joint Asset Care).  Currently there is a 20% bonus applied to the funds transferred in and that will be reduced to a 10% bonus.

Very Important:

To hold current pricing on our single premium funded Asset Care (cash or 1035 life policy) and/or the 20% bonus on our Annuity Funding Whole Life Asset Care (qualified dollar strategy), all applications must be received in our home office by 5pm EST on Friday, September 24^th.  I’ve attached a PDF on the transition rules as well as the official announcement below!

Finally, many of you are likely aware of the “WA Cares” LTC Trust Tax that’s transpiring in Washington State.  You may also know that we were one of the last major carriers left standing until we too finally temporarily suspended sales of our hybrid LTC solutions in WA effective August 14^th.  Unlike many carriers who only provided a few hours’ notice, we provided a 4 day notice which resulted in an enormous amount of submitted applications as you can imagine.  This has certainly caused processing delays as we work to get this massive influx of business entered in the system and through the pipe.  My hope in stating this is that it might help you to set realistic expectations with your clients.  I truly believe it can actually work to everyone’s advantage as these delays are not only a result of but also draw attention to the fact we now have the first state to implement an LTC tax on those who don’t own private LTC insurance, which only helps to reaffirm the importance of addressing the extended care risk!

Updates and changes to our Asset Care^® portfolio