Carrier News: Sagicor Contracting Change: Appointment Paperwork with First App

APRIL 19, 2013 | PRODUCER ANNOUNCEMENT

CONTRACTING CHANGE: APPOINTMENT PAPERWORK

WITH FIRST APPLICATION FOR INDICATED STATES

EFFECTIVE WEDNESDAY, MAY 1ST 2013

Dear Recruiter,

Great news! In order to make writing business with Sagicor Life Insurance Company (Sagicor) even easier, effective Wednesday, May 1st, 2013, Sagicor will be allowing appointment paperwork to be submitted with the Producer's first Sagicor application (in those states that do not require pre-appointment).

Therefore, after May 1st, in the applicable states, appointment will only occur once an application is received. The application may be submitted with the appointment paperwork, or up to 90 days thereafter. Appointment paperwork received without an application will not be processed unless an application is received within the 90 days. Currently, the process will require that the first application be a paper application. We are working to make this process available using e-applications in the future.

Appointment with first application will not be available in:

Pre-Appointment States: Indiana, Kansas, Louisiana, Missouri, Montana, New Jersey, Oregon, Pennsylvania, and Texas (all other states Sagicor does business in permit appointment at time of first application).

Florida, if an Agent does not have an appointment with any other Carrier in Florida.

Georgia, if an Agent applying for appointment is a Non-Resident.

Please note that training courses continue to be required prior to selling certain products. Failure to complete these courses prior to taking an application will result in the application, after training is completed, needing to be re-dated and initialed by the client before processing. The following courses are required as described, and are available on our website:

AML training - link available to LIMRA. AML is required on initial appointment and every two years thereafter.

Indexed Product Training - Any producer who plans to sell a Sagicor indexed product (life or annuity) will need to complete the Indexed Product Training.

Annuity Suitability Training - Any producer who is licensed in a state that has adopted the NAIC suitability requirements for annuities, and as of June 1, 2013 any producer seeking appointment with Sagicor in any state, will need to complete both Annuity Suitability Training and training specific to Sagicor's annuity products. These requirement can be accomplished by:

Completing Sagicor's Annuity Product Training and providing Sagicor with proof of suitability training completion through another approved source (a course approved for CE credit in state in which course completed).

OR

Completing Sagicor's Annuity Product Training and, to satisfy annuity suitability training, completing Sagicor's Indexed Product Training, if completed for appointment in either:

A state that has adopted the NAIC Annuity Suitability regulation and has also approved Sagicor's Indexed Product Training as a CE-credit eligible course to satisfy the Annuity Suitability requirement.; or

A state that has not yet adopted the NAIC Annuity Suitability regulation.

Prior to Appointment

Prior to appointment, a Producer can access the training by going to www.SagicorLifeUSA.com and clicking the word "Producer" on the left hand side. On the Producer Login screen, below the Sign In button, click "Click here to get started".

At the registration screen, fill out all the requested information, leaving the Producer Number blank (this will be provided after you are appointed). Then click the "Terms & Conditions box" and "Submit".

Once registered, you will be taken to the Producer Home Page where you can go to the "Producer Services" pull down menu and select "Training". The required courses are listed under "Mandatory Training."

If you have any questions or require additional assistance, please contact the Producer Resource Center (PRC) by calling toll-free 1-888-724-4267, Option 2, or email us at PRC@SagicorLifeUSA.com.

Thank you. We're striving to make doing business with us easier.