It's official: DOL fiduciary rule is dead

DOL Fiduciary Rule Update

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DOL Fiduciary Rule Update

DOL Fiduciary Rule Update

DOL Fiduciary Rule Update

The Department of Labor Fiduciary Rule’s implementation date is rapidly approaching with portions of the rule going into effect April 10, 2017; with the full implementation of the rule being effective January 1, 2018. While many advisors already act in their client’s best interest, this Rule makes it their legal obligation.

We would like to take a moment to update you on many of the actions we have taken so that we can continue to assist you in growing your business.

Under the DOL Fiduciary rule, when the sale of a fixed indexed annuity using qualified funds is made, a “Best Interest Contract” must be signed by the client and a qualifying Financial Institution. In order to comply with the rule AmeriLife (our parent company) has applied to qualify as a Financial Institution with the Department of Labor.

Read more on this from InsuranceNewsNet.com AmeriLife Files for FI Status Under DOL Fiduciary Rule

This will allow AmeriLife (our parent company) to act as your Financial Institution when you conduct a fixed indexed annuity sale.

In addition to applying for Financial Institution status as an IMO, we are in the process of forming our own Registered Investment Advisory Firm.

We are affiliating with strategic and well known partners in the RIA world to offer a robust portfolio offering, full bodied technology platforms and practical training programs.

It is our intention to provide the necessary tools, systems and compliance oversight to allow insurance-only agents and registered representatives to continue to serve your clients through our qualifying Financial Institutions.

In order to help you transition to changes that will be needed to comply with the DOL Rule, we are attentively creating an extensive and well-defined training program. Our training program will not only assist you in working in a compliant manner but also support you in growing your business to new levels with the innovative technology and sales tools. It is our expectation that these tools and systems provide you with minimal disruption to your business so that you can focus on your growth.

We are committed to providing solutions both for registered representatives and insurance only agents. Be assured that we are here to help you grow your business and we look forward to continuing to provide you with a broad annuity products access in conjunction with new sales and operational systems to comply with the new standards that our industry will need to follow.

FGL FIAs Now Available in MN, OR, PA and WA

FGL Top Selling FIAs Coming Soon in MN, OR, PA and WA

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FGL Top Selling FIAs Coming Soon in MN, OR, PA and WA

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Breaking News! FGL Top Selling FIAs Coming Soon in MN, OR, PA and WA

Both FIAs are ten-year products that offer vesting premium bonuses if the Guaranteed Minimum Withdrawal Benefit (GMWB) rider is elected.* The vesting premium bonus is applied to all first year premiums.

Please click below to download dedicated flier below.

gmwb_rider_-mn_or_pa_wa_marketer_version
For Producer Use Only – Not For Use in Solicitation to Consumers

Form numbers: API-1018 (06-11), ACI-1018 (06-11), ARI-1054 (02-13), ARI-1065 (11-13); et al. Form number and availability may vary by state.

*GMWB rider available at an additional cost. Performance Pro 0.95%, Safe Income Plus 1.05% deducted from the account value each contract anniversary.

“FGL” when used herein refers to Fidelity & Guaranty Life, the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Annuity contracts issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

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FGL FIAs in Florida Now Offer the EGMWB Rider

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FGL FIAs in Florida Now Offer the EGMWB Rider

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Fixed Indexed Annuities in Florida Now Offer the EGMWB* Rider

Effective with the October 8, 2016 buy date, the following FIAs sold in Florida will offer the optional EGMWB* rider (not the GMWB Rider):

  • Performance Pro®
  • Safe Income Plus ®
  • FG Retirement Pro®

Please click below to download dedicated flier below.

florida_egmwb_update_launch

 
For Producer Use Only – Not For Use in Solicitation to Consumers

Form numbers: API-1018 (06-11), ACI-1018 (06-11); et al. Form number and availability may vary by state.

*There is an explicit charge for this rider. 

Fidelity & Guaranty Life is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Annuity contracts issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

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Introducing Our Newest Annuity - Safe Anchor Market Guarantee

Atlantic Coast Life Annuity Rate Decrease Effective 09/15/2016

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Atlantic Coast Life Annuity Rate Decrease Effective 09/15/2016

Atlantic Coast Life Annuity

Atlantic Coast Life Annuity Rate Decrease Effective 09/15/2016

Based on current market conditions we are lowering our MYGA credit rates. Effective September 15, 2016, the rates for our Safe Harbor 5-year annuity will decrease by 10 bps, the 6-year annuity will decrease by 5 bps and the 10-year annuity will decrease by 15 bps. There will be no change to the 7-year annuity rate.

Additionally, effective September 15, 2016 we will also decrease the rates for our Safe Haven 5 and 10-year annuity by 5 bps. There will be no change to the 6 or 7-year annuity rates.

To download an updated Annuity Rate Sheet, please see below.

 Important Dates to Remember 

  • September 14, 2016: Date applications must be signed to receive current rates.

 

Applications must be signed before or on September 14, 2016 to receive the current crediting rates.

  • September 15, 2016: Date when new crediting rates take effect.

 

Any application signed on or after September 15, 2016 will receive the new crediting rates.

  • September 21, 2016: Date application must be received in Home Office to receive current rates.

 

 Applications signed before or on September 14, 2016 must be received in the Home Office by September 21, 2016 to receive the current crediting rates. We will accept faxed or e-mailed applications on September 21, 2016.

New Business E-mail: acl.newbusiness@insadminservices.com

New Business Fax: 1-888-433-4795

  • October 31, 2016: Date 45-rate lock ends.

All transfer and exchanges for any application signed on September 14, 2016 or earlier must be completed by October 31, 2016 in order to receive the current crediting rates.

ACL-Rates-9-15-16

Sentinel Secuirity Life Logo

Sentinel Security Life Annuity Rate Adjustment – Effective 09/15/2016

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Sentinel Security Life Annuity Rate Adjustment – Effective 09/15/2016

SSentinel Security Life Annuity Rate Adjustment - Effective 08/15/2016

Sentinel Security Life Annuity Rate Adjustment – Effective 09/15/2016

Effective September 15, 2016, the rates for the MYGA 5-year annuity will decrease by 10 basis points.  No change for the 7-year. Additionally, our MYGA 10-year annuity rates will decrease by 5 basis points. To download an updated Annuity Rate Sheet, please see below.

Important Dates to Remember 

  • September 14, 2016: Date applications must be signed to receive current rates. Applications must be signed before or on September 14, 2016 to receive the current crediting rates.
  • September 15, 2016: Date when new crediting rates take effect. Any application signed on or after September 15, 2016 will receive the new crediting rates.
  • September 21, 2016: Date application must be received in Home Office to receive current rates. Applications signed before or on September 14, 2016 must be received in the Home Office by September 21, 2016 to receive the current crediting rates. We will accept faxed or e-mailed applications on September 21, 2016.
  • October 31, 2016: Date 45-day rate lock ends. All transfers and exchanges for any application signed on September 14, 2016 or earlier must be completed by October 31, 2016 in order to receive the current crediting rates.

New Business E-mail: newbusiness@insadminservices.com

New Business Fax: 1-888-433-4795

Sentinel Interest Rates rev_9-15-16

hurricane-season

Office closure due to inclement weather

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Our office are closing today September 1, 2016 at 4:00pm Eastern due to inclement weather due to Hermine hurricane.

Hurricane Hermine Hurricane Hermine

Happy Labor Day

Office Closing in Observance of Labor Day

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Happy Labor Day

The Life and Annuity Shop wishes you and your family a Happy Labor Day!

In observance of Labor Day, our office will be closed on Monday, September 5th, 2016. We will reopen with normal business hours on Tuesday, September 6th, 2016 at 8:15 a.m. EST.

Sincerely,

The Life and Annuity Shop