Introducing ULTRA-PREMIER, a new SPDA from Mutual of Omaha
The new Ultra-Premier annuity is designed to offer your customers more competitive interest rates, while providing them with a safe, secure place for their money to grow. More HERE.
Annuity
Millions of RMD Opportunities
By 2035, 58.7 million retirees could be taking RMDs. You can help them with Integrity’s new RMD Opportunities value-add program:
Check out both for info, ideas, case studies and more.
Source: BNY Melon: “Baby Boomers and Required Minimum Distributions” March, 2016.
Year End Business Guidelines
Please click here for year-end announcements from our carriers.
American National: MYGA Rate Increase in September!
Please click HERE for September rates. The Palladium MYG 6 is now 3.35% guaranteed for 6 Years (at $100k premium and greater)! And the Palladium MYG 7 now has a 4.44% guaranteed effective annualized yield for 7 years (at $100k premium or greater).
Prudential: Closing the Retirement Income Gender Gap
Women continue to face a much greater challenge than men when it comes to retiring with lifetime financial security. Prudential research indicates that the retirement account balances of female employees, on average, are one-third lower than their male counterparts. Add into the mix lower average Social Security benefits and longer life expectancies, and it becomes clear why women are projected to have much lower income to sustain them throughout retirement.
The challenges facing women in achieving a secure retirement are daunting, but plan sponsors can help close the retirement income gender gap through customized plan design, participant engagement programs, and holistic education that focuses on participants’ financial wellness.
While detailing the women’s financial experience this report provides insights that can help employers improve the retirement security of all their employees, while also achieving better business outcomes.
North American Annuity Rates to Increase April 25th
Rate Change Effective 4-25-17
Annuity rates improve on select strategies, including S&P 500® monthly and annual index cap rates on these fixed index annuities:
• NAC RetireChoice®
• NAC IncomeChoice®
• NAC BenefitSolutions®
Fixed rates will increase on their traditional fixed annuity as well:
• NAC FoundationChoice Plus
Rate Information Available HERE.
North American MYGA Rate Increase
Great News! Most interest rates improve effective January 5, 2017. Click here for rate sheet.
IMPORTANT: North American MYGA Rate and Commission Changes
Effective September 1, 2016, North American will reduce rates on the MYGA Guarantee Choice and Guarantee Choice II products. Also, commissions are reducing on certain fixed index annuities and multi-year guarantee annuity products; full details here.