Important Levinson Carrier News and Updates – 08/2/23
Annuity Sales Records SHATTERED in Q2!
Annuity sales saw a 12% increase in Q2 year-over-year! According to LIMRA this brought sales to $88.6 billion in Q2.
In the first half of 2023, total annuity sales jumped 28% to $182.7 billion. This marks the highest sales ever recorded in the first six months of a year!
*Source: LIMRA
Annuity Rates are HEATING UP in August!
Now is a great time to look at short-term MYGA options!
One-Year to 3-Year MYGA rates are soaring since the Fed’s latest rate increase.
- 1-Year MYGAs up to 4.25%!
- 3-Year MYGAs up to 5.65%!
- 10% to 20% free withdrawals available
- RMD Friendly options
- Full Death Benefit Features
- Tax Deferred Growth
10% Premium Bonus Annuity Options!
More 10% Premium Bonus Annuities are available!
A premium bonus is a great way to:
- Offset market losses
- Move one annuity to another annuity with better rates
- And, Leave a larger legacy behind for loved ones
Some excellent options exist:
- Athene Performance Elite 10
- 12% Premium Bonus (most states)
- ‘A’ Rated Carrier by AM Best
- 5% Free Withdrawals after year 1
- 10 Year Surrender
- Nassau Bonus Annuity
- 10% premium bonus
- 10% free withdrawals available right away!
- 10-year surrender period
- SILAC Teton Bonus 14
- 10% premium bonus
- 5% free withdrawals after year 1
- Cumulative withdrawals up to 30%!
- 14-year surrender
- American Equity AssetShield Bonus 10
- 10% premium bonus
- 10% free withdrawals after year 1
- A- Rated Carrier by AM Best
10 Year Surrender
Georgia and Illinois Adopt Revised NAIC Suitability in Annuity Transactions
Financial professionals in Georgia and Illinois must complete required training due to National Association of Insurance Commission (NAIC) revisions to its Model Regulation 275, Suitability in Annuity Transactions.
View the Georgia Bulletin HERE
View the Illinois Bulletin HERE
Fixed Annuity Quick Hits
- Atlantic Coast Life: MYGA Rate Increase for 5-Year Duration
- Atlantic Coast Life’s new 5-year effective compound level rates, 5.60% for the Safe Haven Annuity
- Rate Effective on July 17, 2023
- View the ACL Rate Sheet HERE
- Clear Spring Life: 5.00% MYGA for 3 Years
- A- Rated carrier by AM Best
- Rate effective August 1st, 2023
- View the Rate Sheet HERE
- New 5-Year FIA Available at EquiTrust!
- SILAC: Denali and Denali Bonus Now Available in Virginia!
- View the SILAC Rate Sheet HERE
