- AG Asset Protector – Is it really worth the extra premium?
This informative session that will help you explain the value of AG Asset Protector to your clients! Click here for details and to add a session to your Outlook Calendar.
- July 30th – 2:00 – 3:00 PM CT
- July 31st – 12:00 – 1:00 PM CT
- August 4th – 10:00 – 11:00 AM CT
- August 5th – 3:00 – 4:00 PM CT
- August 6th – 1:00 – 2:00 PM CT
- Summer Webinar Training
Click here for the Life and A&H Webinar Schedule. Click here for the Annuity Webinar Schedule.
- August 6th – Index Annuities Product Enhancements
- August 7th – Term Conversion – Add to Outlook Calendar
- August 21st – A&H: Critical Illness Insurance – Add to Outlook Calendar
- August 27th – The Good, The Bad and The Opportunities
- How the IUL Watch is Built
You will learn: 1) what insurance companies do with a client’s premium , 2) how insurance companies use bond purchases they make from pooled premium and what happens with the income received from those bonds and 3) why insurance companies purchase options in order to realize a portion of Index gain. Gain insight you can use immediately in presenting the IUL value proposition to your clients.
- LTC eValuate Training Webinars
- Minnesota Life:
- 15-minute sales strategy teleconference – every Wednesday at 10:00 AM CT
Dial-in Number: 1-800-910-2399 Passcode: 224032
- July 30th – The power of the IPA
- Omega Builder IUL Training Series (available for sale August 18th)
- Loan options: Fixed, indexed and variable: Featuring the Indexed Loan Agreement
- August 21st – 1:00 PM CT – Mark Your Calendar
- Think Transamerica Now Webinar
When choosing LTCi for your clients, have you focused on the cost of premiums instead of benefits? Now that premium costs among carriers are more level, the question to ask now is “How can my clients get the most value from an LTCi policy?” That’s why now is the time to think about Transamerica Long Term Care.
- New pieces outlining the strength and value of Elite Index II
Are your clients looking for index universal life insurance with guarantees and cash accumulation potential, but want to learn more about the strategies involved and see how policies have performed in previous years? Use the new historical values brochure and overview flyer to help explain the benefits and choices available with Elite Index II. Find all this and more on RetireStronger.com.
- “Retirement insurance” with unparalleled financial security and flexibility
Help your clients protect their retirement plan with one policy that can cover them in three situations: untimely death, chronic illness or simply outliving retirement funds. Learn more in the new market opportunity and overview flyers, as well as the FAQs.
- Offers three benefit payment options
- Is an affordable Long Term Care alternative
- Is available on AG Secure Lifetime GUL II and Elite Index II
Changes to stand-alone Accidental Death Benefit product – effective August 1st
The new maximum issue age for an Accidental Death Benefit policy is age 59. All Accidental Death Benefit applications for issue ages 60 to 65 need to be signed and submitted before Thursday, July 31st. New Business will not accept nor process any ADB applications for issue ages 60-65 received thereafter.
- Lincoln National:
- LifeReserve Indexed UL Accumulator
With Lincoln LifeReserve Indexed UL Accumulator, your clients will enjoy the security of a death benefit, plus predictability and reduced volatility on policy assets, and opportunities to grow cash value through a diversification strategy that’s right for them-conservative, moderate or aggressive. Plus it offers a Fixed Account and Dollar Cost Averaging Account to help address market volatility concerns.
- The Lincoln Leader – publication
Exploring the Benefits of Whole Life Paid-Up Additions
How often do you sell your clients the largest amount of permanent fixed level death benefit for the least amount of money? How often is it the right solution, given the threat of inflation and the value of current dollars versus future dollars? In this white paper, they explore the world of whole life and paid-up additions and how it compares to Guaranteed Universal Life. Which is the better solution for clients?
- Significant rate decrease for Guaranteed Level Term
A perfect opportunity to introduce clients to a protection product from MetLife.
- Clients can now make more account payment changes online
Clients can stop a payment or change bank account information in MetOnline/eSERVICE.
- Underwriting in Sync
MetLife’s case partnership approach to Underwriting helps move business forward.
- Mutual/United of Omaha:
Concept Marketing Materials
A key component of the sales process is having an effective sales story. Use this collection of information and materials to tell compelling stories clients can relate to. The Concept Marketing Portfolio Guide
includes a summary of the first six sales concepts, how they work, how they benefit clients and what materials are available. We encourage you to use these materials as you begin planning your Life Insurance Awareness Month promotions!
- North American:
- Make the application process faster and easier with SimpleSubmit!
(IMPORTANT NOTE: At this time, SimpleSubmit is only available for Managing General Agencies.)
– effective August 11th
The following products will be re-priced on August 11th
- PruLife SUL Protector
- Term Essential
- Term Elite
- TransNavigator IUL now available in Idaho
TransNavigator is a versatile product that offers death benefit protection and a choice of domestic and/or global index account options, including “Plus” index accounts that offer a higher cap for a 1% annual Index Account Monthly Charge. It’s is built to compete in today’s market and features Goal Tracker, which helps clients establish and track their policy goals, and can be a great way for advisors to nurture client relationships proactively as part of an annual review. The Income Protection Option (IPO) and Long Term Care Rider are also available.
- Withdrawal of Freedom Index Universal Life II and Freedom Global IUL II in Idaho
With the release of TransNavigator IUL, Freedom Index Universal Life II and Freedom Global IUL II are being withdrawn in Idaho. Applications for either product must be signed and received in good order at the Home Office on August 15th.
- The TLC Advantage
Thinking about a linked benefits product? Total Living Coverage (TLC) should be on your list. It offers higher credited interest rates, stronger guarantees and better protection than its leading competitors. That means more value for your clients.
Client Profile form
The deadline to accept the old version of the Client Profile Form has been extended to July 31, 2014. Effective August 1, 2014, the updated version of the Client Profile Form
will be required for good order New Business submissions.
- Deadline for old products
The deadline to accept an old AG Choice Index 10 application to purchase a Power 10 Protector/Power 10 Protector Plus Income contract or an old Power Index Plus application to purchase a Power 7 Protector/Power 7 Protector Plus Income contract has been extended to October 3, 2014. Thereafter, the new applications for the Power 10 Protector products and the Power 7 Protector products will be required for good order New Business submissions.
- Rollup rate change on Benefit 10 Enhanced Benefit Rider – effective August 4th
Current Rollup Rate: 8.00% Athene is adjusting the rollup percentage used to calculate the growth in the benefit base on the Benefit 10 with Enhanced Benefit Rider from 8% to 7%. The rider is automatically included for an annual charge. Get product information and availability. Note: To receive the current rate, complete application packages must be dated August 1, 2014 or earlier and received in good order in the Home Office by August 8, 2014. Faxed applications will not be accepted.
- Added 2% inflation as an option where approved for Flex 3
- Updated training requirement for MA and MI
- LTC News
In this issue:
- Using the LTC eApp for Worksite Cases
Speed up the multi-life enrollment process for you and your clients with our LTC eApp.
- New Functionality for LTC eApp
Permission to submit for Just in Time states and included an “action required” alert to help expedite applications.
- Final Reminder: Revised BAAs
For agents who haven’t signed a new Business Associate Agreement, you will receive a final notice in the mail this week.
- Time to Compare LTCi Benefits
With changes in the LTCi marketplace, there’s no better time than now to think Transamerica.
DISABILITY & CRITICAL ILLNESS
- American National:
2015 Marketing Conference (qualification period 1/1/2014 – 12/31/2014)
You and your guest will enjoy five days and four nights at The Cove Atlantis, Paradise Island, Bahamas from May 17-21, 2015 if you are one of American National’s top 80 qualifiers. Click here for details.
- LIR Dash for Cash (5/15/2014 – 8/15/2014)
Apps submitted and paid between 5/15 and 8/15, earn cash for ASIA PLUS annuities sold with a Lifetime Income Rider!
- Annuity Level: $500,001 – $750,000 = $750 Bonus
- Annuity Level: $750,001 – $1,000,000 = $1000 Bonus
- Annuity Level: $1,000,000+ = $1500 Bonus
Top Producers Dublin 2015 (1/1/2014 – 12/31/2014)
Produce $3.5 Million or more (received during the qualification period of January 1, 2014 – December 31, 2014) with Aviva or Athene products and then get ready to pack your bags for Ireland. Click here for details.
2015 Distribution Leaders Summit (1/1/2014 – 12/31/2014)
Discover South Africa – April 15 – 24, 2015! Click here for details.
Flex Effect LTC Sales contest (7/21/2014 – 9/30/2014)
For every Privileged Choice Flex, Privileged Choice Flex 2 and Privileged Choice Flex 3 Long Term Care Insurance application received between July 21st and September 30th, and placed by December 31st, your producers win VISA gift card(s). Click here for details.
- Legal & General America:
Go Figure Contest (3/1/2014 – 12/31/2014)
This agency incentive begins March 1st and runs through 2014, BUT the qualifications restart again on July 1st
, and then again on October 1st
. To win an iPad or Android Tablet, you need to focus on financial institutions! Click here for details.
- North American:
- Elite Agent Bonus Program (1/1/2014 – 12/31/2014)
Sizzle Summer Sales Incentive on RetireChoice (EXTENDED to 8/29/2014)
Applies to applications received from May 19, 2014 to August 29, 2014. Transfers and 1035 Exchange premiums must be received by October 15, 2014. Click here for details.
- Level 1
Produce between $250,000 and $499,999 in NAC RetireChoice Issued Premium and choose between a $300 Omaha Steaks gift card -or-Maui Jim gift card
- Level 2
Produce between $500,000 and $999,999 in NAC RetireChoice Issued Premium and choose between a $750 PGA Superstore gift card -or- Apple gift card.
- Level 3
Produce $1,000,000+ in NAC RetireChoice Issued Premium and choose between a $2000 Travel Voucher -or- Cabela’s gift card.
Cash for Cases 5-5-5 Bonus Program (6/21/2014 – 9/22/2014)
For every 5 term or whole life policies with a premium of $500 or more, received between June 21 and September 22 and paid for by October 24, agents will earn a $500 bonus cash award. Selling 5 additional policies which meet these criteria will earn them another $500! If 5 or more of your agents qualify for the $500 bonus, then we will gift you an additional $500 for an agency lunch party. Click here for details.
Break Away and Travel with Transamerica (4/1/2014 – 12/19/2014)
- Agents who place $25,000 of premium (minimum 3 TLIC life applications) will earn a 3-day vacation package valued up to $1,400 for yourself and a guest.
- Agents who place $75,000 of premium (minimum 5 TLIC life applications) will earn a 5-day vacation package valued up to $5,000 for yourself and up to 3 guests.
- Click here for complete details.
Leading Distributors Convention in Barcelona (1/1/2014 – 12/31/2015)
This is your opportunity to experience one of the world’s top destinations in an entirely unique way-the Transamerica way! Sun-filled days, exciting nightlife, and the breathtaking beauty of Barcelona await, when you qualify for the 2016 convention – held May 11-15, 2016. Click here for details. View the producer flyer.