The following states recently adopted the new NAIC Best Interest Standard:

• North Carolina: January 1, 2023
• Alaska: November 23, 2022

American Equity is pleased to announce that rates are increasing on their flagship AssetShield fixed index annuity series, on the fixed interest strategy, and many index-linked crediting strategies. In addition, rates are increasing for all GuaranteeShield fixed annuities. Rate increases are effective today, November 2, 2022. 

Effective October 1, 2022, Assurity is launching new and improved versions of the Encore and Plus One single premium deferred annuities. The revamped products have reduced yet still competitive commissions rates, which help to produce larger interest rate bonuses and higher crediting rates, all while keeping popular product features such as the competitive annual free withdrawal provision. The interest rate guarantee remains at 1 percent for policies issued in 2022. 

Great news! Effective July 26, 2022, Americo is making positive rate adjustments to their Platinum Assure Series, Elite 5, and Ultimate One Index Series annuity products.

Elite 5 Commissions Have Increased and Illustration Software Now Available!

Effective on Monday, April 18, 2022, Sentinel Security Life Insurance Company increased the Personal Choice Annuity rates on all term periods by 20 basis points.