Oceanview MYGA Rate Change Effective June 6
Effective June 6, Ocanview will be raising rates on their Harbourview series.
Updated Rates Available HERE.
Annuity
Lincoln Financial Group: Lincoln Leader – Life Edition October 14, 2024
Click here to view the Life Lincoln Leader for October 14, 2024.
AIG Life & Retirement is now Corebridge Financial
AIG Life & Retirement is now Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the United States.
While our name has changed, our focus remains the same—to proudly partner with you to help people protect, plan, and achieve secure financial futures.
It’s business as usual for our clients and partners, and there is nothing you need to do at this time.
Our issuing life insurance companies will remain the same—American General Life Insurance Company and The United States Life Insurance Company in the City of New York. Please know that you may see—at least for a time— both the Corebridge and AIG brands on our materials and websites.
Our relationship with you is extremely important to us. Thank you for your ongoing partnership.
Action is everything.
Video
Corebridgefinancial.com
New MYGA from North American to Launch October 26, 2021
Effective Oct. 26, North American is launching NAC Guarantee PlusSM, a multi-year guarantee annuity (MYGA), which will replace North American Guarantee ChoiceSM multi-year guarantee annuity.
With the launch of NAC Guarantee Plus, we’re hoping to provide greater flexibility for consumers. Here are a few details highlighting the enhancements….
- Guarantee periods: 3-, 5-, and 7-year available. (10-year option not available.)1
- Re-entry option: Renewal options available for your clients when the guarantee period is up, including the option to re-enter a 3-, 5-, or 7-year guarantee period. (See brochure for full details.)
- Penalty-free withdrawals:2 Equal to the interest earned in the previous contract year.
|
|
1. For California, Florida and Delaware, NAC Guarantee Plus 7 is not available. A surrender during the surrender charge period could result in a loss of premium. Surrender charges and market value adjustment may reset with renewal. Surrender charge structures and guarantee periods may vary by state.
2. Withdrawals taken prior to age 59 1/2 may be subject to IRS penalties.
American National Announces Merger
Brookfield Asset Management Reinsurance Partners to Acquire American National in $5.1 Billion Transaction
BROOKFIELD, NEWS, Aug. 9, 2021 (GLOBE NEWSWIRE) – American National Group, Inc. (“American National”) (NASDAQ:ANAT), and Brookfield Asset Management Reinsurance Partners Ltd. (“Brookfield Reinsurance”) (NYSE:BAMR; TSX:BAMR), today announced they have entered into a definitive merger agreement whereby Brookfield Reinsurance will… READ MORE
Important: Ohio National Announces Strategic Transaction with Constellation
From Barbara Turner, President and Chief Executive Officer, “Today marks a very important day in our 111-year history.
Over the years, we have taken deliberate steps to position our business for growth, including providing value to our policyholders, supporting you and your independence to build your business your way, offering quality products and services to meet your clients’ needs, and strengthening our balance sheet and risk profile. More recently, together we have faced some difficult moments including prolonged and historic low interest rates, market volatility, regulatory changes, and of course, a global pandemic.
Through it all, and with your help, we have strengthened the Company and solidified our market position. Our work together has laid the groundwork for this announcement today…”
Please read the rest of the announcement HERE.
Press release can be found HERE.
Additional information regarding policyholder notification to follow.
North American Annuity Changes
Please read this announcement about rate and cap changes effective today.
Important! Complete Your Required Training Now
If you do business in NY, I wanted to be sure you saw this important announcement regarding product training from Protective Life.
Important: Annuity Product Changes from North American
A series of year-end product moves will help make it easier to position the North American fixed index annuity line-up.
Effective Jan. 1, 2020 the following will be discontinued:
- NAC BenefitSolutions® 14 (10-year still available)
- Performance Choice® 12 and 12 Plus (8 and 8 Plus still available)
REMINDER: As of Sept. 24, Performance Choice 8 and 8 plus minimum premium is $20,000 (qualified and non-qualified) - NAC RetireChoice® 10 (NAC VersaChoice® 10 still available)
- Income Pay® Plus (Income Pay® in Pennsylvania), optional guaranteed lifetime withdrawal benefit (GLWB) rider
More information available HERE.
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.