Industry News
1035 Exchange- Helpful Reminders
When appropriate, replacement of existing policies may enable clients to more effectively update coverage, reduce costs or gain additional benefits. This piece is a valuable 1035 Exchange Reminder.See how the process is handled by some of the top surrendering carriers here. We are here to help.
Moody’s Upgrades F&G’s Financial Strength Ratings
Moody’s1 recently announced it has upgraded the financial strength ratings of F&G Annuities & Life, Inc.’s insurance subsidiaries to “A3”.Chris Blunt, President and Chief Executive Officer of F&G, stated, “We are pleased that Moody’s has upgraded F&G’s insurance subsidiaries to an ‘A3’ rating, recognizing the financial strength and stability of F&G’s business as we execute […]
Educational Opportunity- Financial Literacy for Women
Gain Access Here to Financial Literacy for Women on Wednesday August 16 at 2:30pm ET.Join Nationwide for a conversation with award-winning film director Robin Hauser. This discussion will dive into the norms surrounding women and money and explore why it’s critical for women to take an active role in managing personal finance. We’re also excited to present […]
OneAmerica- Expansion of Expedited Underwriting
Effective June 28, 2023, all Asset Care applications with a total amount to underwrite (TATU) of $500k or are eligible for expedited underwriting. Currently, the TATU limit is $250k for cases with lifetime COB and $500k for cases with limited COB. This change brings alignment and simplicity to this process.
Learn More, Earn More
Below are recommended educational opportunities. Missed one or have a conflict? Contact our Case Design Team to ask if there is a recording. Overcoming the Cash Conundrum August 15th at 2:00 PM EST, Register here. Financial Literacy for Women Wednesday August 16, 2023 at 2:30pm ET Business Owners…What Keeps you up at Night?-contact our Case […]
Webinar- Nationwide CareMatters Together- NEW LTC
How is CareMatters Together different? Be one of the first to know!It’s the first cash indemnity, joint life linked-benefit solutionA cost-effective solution for two livesBuilt for true shared careAvailable for any 2 people with insurable interest (age limits apply)Offers multiple underwriting classes to allow for more flexible underwritingJoin us, along with Nationwide, to learn more […]
Cincinnati Life- Termsetter Rate Reprice effective June 1, 2023
The reprice has resulted in premium decreases in a variety of areas with most significant decreases in:Shorter term durationsPreferred Plus and Preferred rate classesYounger agesDetails here.
Corebridge Financial: Effective May 22, 2023, Select-a-Term Reprice with no increases
Effective May 22, 2023, Select-a-Term is repriced in all states, except New York.•Pricing: There are no premium increases, and roughly 30% of cells have lower premiums with an average decrease of roughly 1.5%. •Low monthly modal factor remains at 8.45% and continues to put Select-a-Term among the top term products in the market today. •Faster decisions: Agile […]
NAIC Best Interest for annuities effective in West Virginia on June 8th, 2023.
Here are details and updated information that you need to know to conduct annuity business on or after the effective dates.NAIC Best Interest Financial Professional TrainingNewly licensed financial professionals – you must complete all necessary training prior to submitting new business applications beginning on June 8th, 2023.Financial Professionals who have already completed the existing NAIC […]