fbpx

Helping Talented Agents Close More Sales

  866.568.9649

Life Insurance

Life Insurance

National Life Group: IUL Rates to change November 15, 2021

The volatile economic climate continues to present challenges for life insurers. As a result of this climate, National Life Group will lower indexed universal life cap and participation rates for our S&P500 strategies, effective November 15, 2021. The participation rate for National Life Group's Credit Suisse strategy will not change. Their maximum illustrated rate across our currently sold IUL portfolio will be lowered from 5.73% to 5.47%.

Read more ...

American National: Department of Labor (DOL) Fiduciary Rule and Impartial Conduct Standards Update

Beginning on 12/20/2021, all agents who are assisting American National clients with qualified rollovers to Individual Retirement Accounts, Annuities and Defined Contribution/Benefit plans or who are selling qualified insurance and annuity products to such plans will be required to comply with the requirements of Prohibited Transaction Exemption (PTE) 84-24 and the Impartial Conduct Standards. This update requires that agents disclose the commission s/he will receive when a qualified plan rollover is involved or a qualified insurance or annuity product is sold. As of 12/20/2021, Form 11229, will be required for any qualified annuity product sold.

Read more ...