The NAIC recently proposed the adoption of a revised Annuity Suitability Model Law. Separately, the U.S. Securities and Exchange Commission (SEC) released a proposed rule package in May 2018, which included Regulation Best Interest (Reg BI). The SEC finalized Reg BI in June 2019. The final Reg BI establishes a best-interest standard of conduct for broker-dealers beyond the existing suitability obligation that applies to federally registered variable annuities.
Rates for Elite 5 Annuity, Platinum Assure Series, and Ultimate One Index Series have changed effective April 28, 2023. New contracts issued on or after April 28, 2023, will receive the new rate. Applications received in the Home Office by April 27, 2023, 5:00 PM, Central, have previous rates locked in.
Exciting news! For clients interested in a growth-focused annuity with a premium bonus, AssetShield BONUS 10 (AssetShield BONUS 9 in California) is now available! This new product offers the core benefits of the AssetShield series PLUS a 10% bonus on all first-year premiums.
ANICO is excited to announce big improvements to the industry-leading Signature Performance Indexed UL product, that will take effect on 04/03/23: