IMPORTANT: Phoenix Annuity Suitability Procedures Effective January 1, 2011

 

 

Annuity New Business Update Effective January 1, 2010   In compliance with state adoption of the 2010 NAIC Model Regulation on Suitability in Annuity Transactions, Phoenix will modify its annuity suitability procedures in 2011. A key component of the law is that the insurer must provide producers with training on this law and the insurers’ product. Iowa is the first state to adopt, effective January 1, 2011.    The following procedures will apply beginning January 1, 2011, for Iowa business only.  These procedures will be expanded to other states as they adopt. >      Training guides with a training completion confirmation form will be located on Phoenix’s Website on individual product pages and within the Application Center. >      New and currently contracted producers must review a training guide and submit a signed training completion confirmation form prior to solicitation of new annuity business for that product. >      Confirmation forms are included at the end of each training guide and should be emailed to contracts@phoenixwm.com or faxed to 816-221-9672 upon completion. >      The Phoenix Annuity Suitability form for Iowa has been updated to include questions on replacement of business. NEW PRODUCERS Distribution Administration will communicate the training requirement once contracting is complete. New producers will be asked to submit the completed training confirmation prior to submitting an application.   45 DAY TRANSITION PERIOD If an application is submitted before the producer has satisfied the training requirement: >      Within 45 days of the state’s effective date – the application will be held until the producer completes the training and the confirmation form is received by Phoenix.  Compensation will be paid after the training requirement is satisfied and the annuity contract is issued. >      After 45 days of the state’s effective date – the application will be returned to the producer and must be resubmitted after the producer completes the training and the confirmation form is received by Phoenix. CONTACT US Should questions arise, contact Phoenix’s Suitability Officer, Thomas McCabe at 518-479-8890.   For producer use only. Not for distribution to the public.   Annuities issued by Phoenix Life insurance Company (PLIC), East Greenbush, NY, and PHL Variable Insurance Company (PHLVIC), Hartford, CT. PHLVIC is not authorized to conduct business in NY and ME. The insurers referenced above are separate entities and each is responsible for its own financial condition and contractual obligations. Members of The Phoenix Companies, Inc. ©2010 The Phoenix Companies, Inc. BPD37636  12/10

Web Conference - Bill Harris Unveils The Best Approaches For Prospecting, Closing and Getting Referrals This Year

 

WC GF/CS 12.23.10   For Agent Information Only. Not for use in solicitation or advertising to the public. CLICK HERE TO OPT OUT OF THESE EMAILS, or call marketing at 888-647-1371, or fax us at 515-225-6314. American Equity’s failure to comply with your opt out request within 30 days is unlawful.

 

Meet with elusive business owners

 

 

We've unlocked the secret to getting them out of their offices and meeting with you face-to-face! Just look at some recent results! Location Target Market RSVP's Response Rate Philadelphia Physicians 176 3.5% Tampa Physicians 79 2.6% Park City Physicians 72 2.2% Baltimore Physicians 67 2.2% Dallas Business Owners 113 1.9% Chicago Business Owners 72 1.4% San Diego Business Owners 49 1.1% FREE BUSINESS BLASTERS AUDIO BOOK! Call or click the button below today to receive a FREE Business Blasters Audio Book. You'll hear actual testimonials from advisors using the program and the "Best Practices" that are being used to effectively secure new business owner clients! Want to speak to someone right now about the Audio Book and program? 1-888-435-1718   If you are having any problems viewing this email, please view it on our website at http://www.responseblast.com/emails/BusinessBlastersAudio_123010.htm The intent of this message is to provide a communication regarding financial service products and/or company. You are receiving this message because of your professional affiliation or because you are a client of, or have requested information from, Response Mail Express (RME), 4910 Savarese Circle, Tampa, FL 33634. If however, you wish to be removed from further email communications from RME, please use the link below. This email was sent to: jesse@schaeferfinancialgroup.com Stop receiving our emails | Read our Privacy Policy

 

RSL - Interest Rate Changes, Effective 1/4/2011

 

 

Interest Rate Changes, Effective 1/4/2011
In order to receive a 45-day rate lock** on transfer and exchange business, paperwork must be received by Reliance Standard no later than Monday, January 3rd.
For a PDF version of this rate bulletin, please click here (this link will be available for 30 days.)
The Keystone Index Annuity Product New Rates Old Rates Change Keystone-5*   Annual Pt-to-Pt Cap 4.50% 4.50% No Change Annual Pt-to-Pt Participation Rate 15.00% 25.00% -10.00% Annual Monthly Average Cap 5.00% 5.00% No Change Annual Monthly Average Participation Rate 20.00% 35.00% -15.00% Fixed Interest Rate 2.50% 2.50% No Change Keystone-7* Annual Pt-to-Pt Cap 5.00% 5.00% No Change Annual Pt-to-Pt Participation Rate 20.00% 30.00% -10.00% Annual Monthly Average Cap 5.50% 5.50% No Change Annual Monthly Average Participation Rate 25.00% 40.00% -15.00% Fixed Interest Rate 2.60%  2.60% No Change Keystone-10*       Annual Pt-to-Pt Cap 5.00% 5.00% No Change Annual Pt-to-Pt Participation Rate 20.00% 30.00% -10.00% Annual Monthly Average Cap 5.50% 5.50% No Change Annual Monthly Average Participation Rate 25.00% 40.00% -15.00% Fixed Interest Rate 2.65%  2.65% No Change           Traditional Bonus Annuity Product New Rates Base + Bonus / Base Old Rates Base + Bonus / Base Change Base + Bonus / Base Eleos-MVA 3.40% / 2.90% 3.40% / 2.90% No Change Eleos-SP 3.25% / 2.75% 3.40% / 2.90% -0.15%/-0.15% Apollo-MVA 3.20% / 2.70% 3.20% / 2.70% No Change Apollo-SP 3.05% / 2.55% 3.20% / 2.70% -0.15%/-0.15% Argus2000-MVA Temporarily Suspended N/A N/A Argus2000-SP Temporarily Suspended N/A N/A           Multi-Year Guarantee Rates Product New Rates Guar Rate 1st Yr/ Guar Rate Yrs 2+ Old Rates Guar Rate 1st Yr/ Guar Rate Yrs 2+ Change Guar Rate 1st Yr/ Guar Rate Yrs 2+ Elektra-579 Five Year Guarantee** Temporarily Suspended N/A N/A             SPIA Factor Changes  New Rate  (No Changes)  Old Rate  5 Year Period Certain 16.80 16.80  6 Year Period Certain 14.29 14.29  7 Year Period Certain 12.54 12.54  8 Year Period Certain 11.22 11.22  9 Year Period Certain 10.22 10.22  10 Year Period Certain 9.44 9.44             *Effective 1/1/2011 through 3/31/2011, the minimum non-forfeiture rate for Keystone policies will be 87 1/2% of premium at 1.00%.  The Guaranteed Minimum Interest Rate is not impacted by this change (100% of premium at 1.50% for the Keystone-5, and 100% of premium at 2.00% for the Keystone-7 and Keystone-10.) Effective 1/1/2011 through 3/31/2011, the minimum guaranteed rate for all Apollo and Eleos contracts will be 1.00%.  **Rate Lock does not apply to non-qualified business where Reliance Standard is not processing the transfer/exchange. For more information contact: Reliance Standard Life Insurance Company (800) 351-7500 Amy ext 3948, Todd ext 4749, Katelyn ext 4765 www.reliancestandard.com

This email is being sent to jesse@schaeferfinancialgroup.com. Use this link to be deleted or to update your email address Trouble with this link? simply forward this message to rem@reachmail.com or call 888-947-3224. Forward this message to a friend This message was sent by Reliance Standard Life Insurance Co. using ReachMail. Reliance Standard Life Insurance Co. | Street, city, st zip

 

Happy Holidays from Phoenix Annuity Team!

 

Happy Holidays!   Give your clients the gift of choice with a Phoenix living benefit rider. Whether they want a guaranteed income payment right away, within the next few years or further down the road, Phoenix has a solution that will optimize their benefit.   See the attached flyer for more information on our Guaranteed Living Benefit Riders, available with Phoenix Indexed Annuities                 FOR PRODUCER USE ONLY. Not for use with the public as sales literature.   Riders are an optional addition to Phoenix Single-Premium Indexed Annuities available for an extra cost. Annuities issued by PHL Variable Insurance Company (PHLVIC), Hartford, CT. PHLVIC is not authorized to conduct business in New York and Maine. BPD37631 12/10

RSL - AM Best Financial Strength Rating Affirmation "A", Outlook Revised to "Stable"

 

 

Reliance Standard – AM Best Company – Financial Strength Rating Affirmation "A" (Excellent) – Outlook Revised to "Stable" I am pleased to announce that the AM Best Company has affirmed the Financial Strength Rating of "A" (Excellent) for Reliance Standard and revised the outlook to "Stable." This follows financial strength ratings affirmations earlier this year by Standard & Poor's, "A" (Strong), and Moody's "A3" (Good) and outlook revisions by both to "Stable." The fact that we have maintained our ratings during the economic uncertainty of the last few years and today move forward with a "Stable" outlook provides our field force and policyholders confidence that Reliance Standard will remain a financially sound business partner in the years to come. Should you have any questions regarding our ratings affirmation, please do not hesitate to contact Annuity Marketing via email: annuity.marketing@rsli.com or via phone: 800-351-7500 x3948 or x4749.  The consumer financial information handout for Reliance Standard was recently updated and a copy of this document can be accessed by clicking here. Thank you for your efforts during 2010 and we wish you a prosperous and successful 2011! David M. Whitehead, CLU, ChFC Vice President, Accumulation Products Marketing

© Reliance Standard Life Insurance Co., 2010

This email is being sent to jesse@schaeferfinancialgroup.com. Use this link to be deleted or to update your email address Trouble with this link? simply forward this message to rem@reachmail.com or call 888-947-3224. Forward this message to a friend This message was sent by Reliance Standard Life Insurance Co. using ReachMail. Reliance Standard Life Insurance Co. | Street, city, st zip

 

Rate And Portfolio Changes Effective January 10, 2011

 

December 15, 2010 To All American Equity Agents, In the insurance world we believe that policyholders, producers and companies all need to be treated equitably for the long-term success of the three. American Equity's track record demonstrates our belief in this concept of the three-legged stool. We have maintained excellent current and renewal rates to the policyholders. While we changed our commission structure in 2009, total commissions were not reduced for our producers. Meanwhile, American Equity has enjoyed solid profits. Today's economic environment remains very challenging due to historically low interest rates forcing insurance companies to make sweeping changes. Some companies place much of the burden from these changes on the policyholders and producers. American Equity will be making multiple changes to our portfolio in January. However, we will protect the integrity of the three-legged stool by spreading the cost of these changes to all legs ensuring everyone's long-term success and stability. Current interest rates, caps and participation rate change Rates for new policies will be reduced effective January 10, 2011. See the enclosed grid for complete details. Today's investment yields indicate that rates should be reduced even lower than stated. However, we felt it was very important to keep the rates competitive with other safe money alternatives. At what point does "under the mattress" sound better than a fixed annuity? Other product changes being made concurrently 1. The Retirement Gold and Premier Eagle 12 Premium Bonus will be reduced from 10% to 9%. 2. The LIBR-2010 roll up interest rate will be reduced from 8% to 7%. The fee will remain at 60 basis points. The 5% roll up interest rate will remain as is with no fee. 3. The F-LIBR roll up interest rate will be reduced from 8% to 7%. The fee will remain at 30 basis points. The 5% roll up interest rate will remain as is with no fee. 4. The Minimum Guaranteed Interest Rate on all products will be reduced to 1.5%, except where the policy form precludes such a reduction. Commission change Commissions payable on the first and second policy anniversaries will be reduced by the elimination of the interest component of those payments. For the typical producer this will amount to approximately $200 in commission per $100,000 of premium. Your first year commission will remain the same. This change is for new policies effective January 10, 2011. Please read the enclosed memorandum carefully. It gives complete details for all rate adjustments and effective dates for the changes outlined above. You can also contact our Marketing Department with any questions. We certainly don't have any control over the current economic environment; but we will do everything possible to protect the integrity of the three-legged stool during this difficult time. Thank you very much for your business and support of American Equity. Sincerely, Ron Grensteiner President Some good news...we have no plans to adjust existing policyholder renewal rates at this time.   DATE: December 15, 2010 TO: American Equity NMO's and Agents FROM: James Jones, Vice President - Marketing Services RE: Changes Effective January 10, 2011   Important Information - Please Read Carefully! Please note the following changes effective January 10th, 2011: *Rate Changes *Cap Changes *Premium Bonus Change on the Retirement Gold *Lifetime Income Benefit Rider IAV Rate Change *Minimum Guarantee Interest Rate Changes To receive Current Rates, IAV Rate, Premium Bonus, Commission Structure, and Minimum Guarantee Interest Rates original applications must be received in our office by 1pm CT on Friday, January 7th, 2011. No faxes will be accepted. 1035 and Direct Transfer funds must be received in our office by 1pm CT on Friday, February 4th, 2011. Transfer funds received after February 4th will receive the new rates as outlined below. New disclosures may be required. NO EXCEPTIONS! The following Cap and Interest Rate adjustments are being made effective January 10, 2011. CURRENT RATES NEW RATES INTEREST CREDITING METHODS MGIR Annual Monthly Average w/ Cap Annual Point to Point w/ Cap Monthly Point to Point Cap Fixed Value Minimum Guaranteed Interest Rate Min Gtd Interest Rate (Bonus Gold -DE) 5.75% 5.75% 2.60% 2.70% 3.00% 3.00% 4.75% 4.75% 2.00% 2.25% 1.50% 2.25% The above stated rates will affect the following products: Bonus Gold (Index-1-07, Index-1-05, and Index-7-05-OK), Bonus 5 (Index-3-07-WA), 10/10 Gold/Millennium Platinum (Index-6-05) and Integrity Gold (INDEX-5-07). Form numbers may vary by state. Please refer to the Product Profile (Form #1031) for specific crediting options available on each product & State Approval Chart (Form #1025) for product availability. Advantage Gold & Security Gold (Index-6-07 & Index-5-10) CURRENT RATES NEW RATES INTEREST CREDITING METHODS MGIR Annual Monthly Average w/ Cap Annual Point to Point w/ Cap Monthly Point to Point Cap Fixed Value Minimum Guaranteed Interest Rate Min Gtd Interest Rate (Advantage Gold - TX) 5.25% 5.25% 2.40% 2.60% 3.00% 3.00% 4.25% 4.25% 1.80% 2.10% 1.50% 3.00% Retirement Gold & Benefit Gold (Index-2-09, Index-4-10-FL, RG-FIA-09, and ICC10 IDX-110) CURRENT RATES NEW RATES INTEREST CREDITING METHODS MGIR Annual Point to Point w/ Cap Annual Monthly Average w/ Cap Monthly Point to Point Cap Fixed Value Minimum Guaranteed Interest Rate Min Gtd Interest Rate (Retirement Gold - TX) 5.25% 5.25% 2.40% 2.50% 2.25% 3.00% 4.25% 4.25% 1.80% 2.00% 1.50% 3.00% The following Fixed Interest Rate changes are being made effective January 10th, 2011. PRODUCT CURRENT BASE RATE NEW BASE RATE NEW MGIR FPDA-10 3.00% 2.25% 1.50% Premier Eagle 10 (FPDA-7-08) 2.70% 2.25% 1.50% Premier Eagle 12 (FRG-2-09) 2.50% 2.00% 1.00% (No Change) The following changes are being made to our Lifetime Income Benefit Riders effective January 10, 2011: PRODUCT CURRENT IAV RATE NEW IAV RATE LIBR-2010 w/ .60% Fee 8.00% 7.00% LIBR-2010 w/ No Fee 5.00% 5.00% (NO CHANGE) F-LIBR-09 w/ .30% Fee 8.00% 7.00% F-LIBR-09 w/ No Fee 5.00% 5.00% (NO CHANGE) The following changes are being made to the Premium Bonus on the following products effective January 10, 2011: PRODUCT CURRENT PREMIUM BONUS NEW PREMIUM BONUS Retirement Gold (Index-2-09 and Index-4-10-FL) 10.00% 9.00% Premier Eagle 12 (FRG-2-09) 10.00% 9.00% As always, we appreciate your continued business and support! For additional information about these changes, please refer to the letter from our President, Ron Grensteiner, call us at the number listed below or visit our website. Thank you!

Rate Change Memo 12.15.10   For Agent Information Only. Not for use in solicitation or advertising to the public. CLICK HERE TO OPT OUT OF THESE EMAILS, or call marketing at 888-647-1371, or fax us at 515-225-6314. American Equity's failure to comply with your opt out request within 30 days is unlawful.

 

Catch the Upside 12 Times a Year!

Attachment: A5091_Flyer_1010.pdf

 

Benefit from the market’s upside with our new S&P 500® Monthly Point-to-Point indexed account option   Now available on ALL Phoenix Reflections and Index Select fixed indexed annuities, including the new Gold versions featuring higher premium bonus percentages**   ·        Offers 12 opportunities a year to capture the upside potential of the S&P 500*   ·        Index crediting is based on the cumulative sum of monthly S&P 500 percentage changes (positive and negative) over a one-year period, with positive changes subject to a cap   ·        At the end of the year, if the sum is positive, your client’s account value is credited by that amount.  If the sum is negative, the account loses nothing!   ·        Hypothetical example: If the monthly cap is 2.5%, the index credit has the potential to be as much as 30% (assumes all 12 monthly S&P 500 index returns for the one-year segment exceed 2.5%)   ·        Other index crediting options tied to a variety of market indices are available   See the attached for more hypothetical examples and call us at 888.794.4447 (option 1) to learn more.     *S&P 500 is a free-float market-capitalization weighted index of 500 of the largest U.S. companies; values used to determine index credits exclude dividends. **Crediting rates may be less for a bonus product than for a comparable non-bonus product. For producer use only. Not for distribution to the public. Product availability subject to state approval and availability may vary. Annuities are long-term investment vehicles particularly suitable for retirement assets. Early withdrawals may be subject to surrender charges. Withdrawals are subject to ordinary income tax and if taken prior to age 59-1/2, a 10% IRS penalty may apply. Non-Security Status Disclosure: Phoenix Indexed Annuity Contracts have not been approved or disapproved by the Securities and Exchange Commission. The Contracts are not registered under the Securities Act of 1933 and are being offered and sold in reliance on an exemption therein. “Standard & Poor’s®,” “S&P®,” “S&P 500®” and “Standard & Poor’s 500TM” are trademarks of Standard & Poor’s Financial Services LLC (“Standard and Poor’s”) and have been licensed for use by Phoenix Life Insurance Company and its affiliates. Phoenix indexed annuities are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing Phoenix indexed annuities. Phoenix Index Select Gold, Phoenix Index Select Gold Bonus, Phoenix Reflections Gold, Phoenix Reflections Gold Bonus (10FIA) and Phoenix Index Select, Phoenix Index Select Bonus, Phoenix Reflections and Phoenix Reflections Bonus (09EIA, ICC09EIA, ICC09EIAN, ICC09EIAX) are issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in Maine and New York. BPD37568 10/10