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IA American Select Plus 5 Product Changes & Clarification

 

News Bulletin                                                       July 2010

Select Plus 5 Product Changes & Clarifications

Valued agents,   The following changes for Select Plus 5 will take effect for new business received on or after August 30, 2010 and are reflected in the attached Select Plus 5 Agent Guide:   · 2.25% credited rate, 1.75% guaranteed minimum interest rate · The application, initial premium, and any transfer premium from another institution/1035 exchange must all be received by end of business day on Friday, August 27, 2010, for the policy to get the August credited rate. There will be no grace period for receipt of any additional requirements needed to complete the application package. · Gross commission on natural owner age 59 or over is reduced. Gross commission rates will decrease by 0.5% to 1.5% for issues ages 59 or over. All contracted agents will be sent a copy of their updated commission schedule. You may also contact your upline for this information. · First Year Premium Bonus on natural owner or annuitant age 61 or over reduced to 2%, also effective starting on or after August 30, 2010. Additional premiums made during the first 12 months will be paid the same bonus percentage given at issue.  · Proof of Retirement will be required take advantage of the Early Retirement Benefit (ERB 402) We will accept as proof of retirement a letter from your employer on letterhead stating your SSN, retirement date and years of full-time employment. We will also accept proof of application to the Teachers’ Pension Plan for a pension or a refund. In the event of ill health, a doctor’s statement and proof of application for refund or pension from the Teachers’ Pension Plan Board will be accepted as proof of retirement. Persons who cannot provide appropriate proof of retirement are not eligible to take advantage of the Early Withdrawal Charge/Surrender provision.   Select Plus 5 materials were recently revised to clarify contract provisions. Revisions include:   · Issue ages of 20-80 (Qualified) and 0-80 (Non-Qualified) applies to BOTH the natural owner and annuitant. Commissions are paid on the age of the owner. · Early withdrawal charge waiver & early annuitization benefit explanations were completely separated and further clarified – both endorsements clearly state for Qualified (Traditional IRA, 403B and 457) money only · Penalty-free withdrawals and RMD (required minimum distribution) clarification · Credited, renewal and minimum interest rate explanations further clarified · Additional premium deposits in the first year must be a minimum of $1,000 · Joint owner and joint annuitant not allowed · Policy automatically annuitizes at annuitant age 92   We have attached the revised agent guide for your review.  Revisions were also made to the consumer brochure, FAQ’s and product overview. These sales and marketing pieces can be downloaded or ordered from Agent Marketplace at www.iaamerican.com. Click on Resource Center and choose Forms and Brochures to download and print, or choose Supply Order to place an order with us, to receive newly printed materials   Illustration software updates reflecting these changes will be available online for download beginning August 20th.  Select “Yes” upon opening your software when prompted to “Check For Updates?”   We appreciate the trust you place in us. Thank you for your business.

For questions or assistance, please click here to contact us. For your complete agent resource, go to Agent Marketplace located at www.iaamerican.com.

To remove your name from our mailing list, please click here. 17550 N. Perimeter Drive, Suite 210, Scottsdale, AZ 85255-0131 TM Trademark of Industrial Alliance Insurance and Financial Services Inc.

2010.41

 

RSL - Keystone Commission Change

 

Keystone Index – Commission Rate Changes   Effective August 16, 2010, the commission rates for Reliance Standard's  Keystone-10 index annuity product will be reduced by .5% for issue ages 0-80.  In addition, the commission reduction percentage for issue ages 81-85 will increase to 40% for the Keystone-5, Keystone-7 and Keystone-10 index annuity products.   This change will take effect for applications received after August 13th,  and/or exchanges or transfers where funds are received after August 13th.   For an updated commission schedule, please contact your agency or email us at: annuity.marketing@rsli.com.  Please reference your agent code when requesting a new commission schedule.         Reliance Standard Life Insurance Company 2001 Market Street, Suite 1500 Philadelphia, PA 19103 Email: annuity.marketing@rsli.com Website: www.reliancestandard.com

© 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

 

IA American - New Business Interest Rate Change

 

News Bulletin                                                        July 2010

New Business Interest Rate Change

Effective August 30, 2010

In response to overall market rate changes, we are reducing our credited interest rates for new life and annuity policies starting Monday, August 30. Life and annuity policies issued after August 27, 2010 will be credited the new interest rate.   Why We Change Interest Rates The fluctuations in the economic marketplace continue to influence our decisions on how best to ensure successful long-term relationships with our agents and policyholders. The continued suppression of interest rates in the asset markets has caused the yield on our investment portfolio to decline. In order to best protect and maintain the margins needed to meet future financial obligations to our policyholders, it is sometimes necessary to decrease the interest rates credited to our products. With these changes, our goal is to continue to offer the personalized service, solid products, and competitive compensation you expect from us. We also look forward to responding accordingly when the asset market recovers and ultimately grows in the future.   We appreciate the trust you place in us. Thank you for your business.     Life Products – August 30, 2010 The new life credited interest rates are applicable to all new policies issued on and after August 30, 2010, and all in-force policies on their first policy month anniversary (monthly processing date) following the first policy year anniversary on or after August 30, 2010. The current interest rate will not change for in-force life policies within the first 12 months after the policy issue date.                                      Guaranteed    Current            SecureLife 3.00% 4.25% SecureLife Plus 3.00% 4.25%     Annuity Products – August 30, 2010 The application, initial premium, and any transfer from another institution/1035 exchange must all be received by end of business day on Friday, August 27, 2010, for the policy to get the August credited rate. The same exception applies to the interest rate caps for equity indexed annuities.   Select Plus 5 SPDA Please note that we are also changing the guaranteed minimum interest rate for policies submitted and/or paid on or after August 30, 2010, as well as changing the first-year premium bonus for owners age 61 or over. Gross commission rates will decrease by 0.5% to 1.5% for issue ages 59 or over. Contact your upline for your commission schedule. A separate bulletin will follow with additional information with detailed clarifications to the Select Plus 5 marketing pieces.   2.25% credited rate 1.75% guaranteed minimum interest rate 5.00% first year premium bonus up to age 60 2.00% first year premium bonus for 61 or over   Illustration software updates reflecting these changes will be available online for download beginning August 20th.  Select “Yes” upon opening your software when prompted to “Check For Updates?”

For questions or assistance, please click here to contact us. For your complete agent resource, go to Agent Marketplace, located at www.iaamerican.com.

To remove your name from our mailing list, please click here. 17550 N. Perimeter Drive, Suite 210, Scottsdale, AZ 85255-0131 TM Trademark of Industrial Alliance Insurance and Financial Services Inc.

2010.44-MM

 

ANICO update... July Rates Won't Last Long!

 

 

JULY RATES WON'T LAST LONG!   ANICO Equity Indexed Annuity Your "MYGA-Index" Annuity! Overview Brochure 'Hear More'  Forms • Specified Rate Index Product •If the S&P 500® Index Goes Up or Remains the Same, you get the Specified Rate. •Specified Rate Locked for 6 Years •No Moving Parts, Caps, Participation Rates, Spreads or Fees! 5.00% *Valid through July 31, 2010   Full July Rate Sheet   IMG7889 | S.A/L.SC.B/PR.H | IMGR06-0610 To Get the July Rate: applications need to be dated by July 31, 2010 and recieved in the Home Office no later than August 4, 2010!     * The contract credits interest during the initial term that is related to the performance of the S&P 500®. After the initial term of 6 years the contract credits interest based on an annually declared fixed rate. "Standard & Poor's®", "S&P®", "S&P 500®", and "Standard & Poor's 500TM" are trademarks of Standard & Poor's Financial Services LLC ("Standard & Poor's") and have been licensed for use by American National Insurance Company. The ANICO Equity Index Annuity is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of purchasing the ANICO Equity Index Annuity. Neither American National nor its representatives give tax advice. If such advice is needed, you should consult a tax advisor or attorney, who can provide qualified advice in your area. When a person buys this annuity, the person is not buying an ownership interest in any stock or index. Interest earnings are paid at a rate that is related to the performance of the S&P 500® Index. The S&P 500® Index does not reflect dividends paid on the stocks underlying the index. Past performance of the index is no guarantee of future results.

Independent Marketing Group is a division of American National Insurance Company and American National Life Insurance Company of New York. For agent use only, not for consumers, or general use. For information about products and services, please contact the Field Support Center 888-501-4043, option 1 This email was sent to jesse@schaeferfinancialgroup.com by American National Insurance Company: One Moody Plaza , Galveston, TX, 77550, View Privacy Policy | One-click unsubscribe | Update Profile |

 

Don't Forget About American Equity's Fixed Annuities!

 

*Form number and availability may vary by state.

GF/CS 07.26.10   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.

 

RSL - Interest Rate Change, Effective 7/30

 

 

Interest Rate Change, Effective July 30th
In order to receive a 45-day rate lock** on transfer and exchange business, paperwork must be received by Reliance Standard no later than Thursday, July 29th.
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 25.00% 25.00% No Change Annual Monthly Average Cap 5.00% 5.00% No Change Annual Monthly Average Participation Rate 35.00% 35.00% No Change Fixed Interest Rate 2.75% 2.75% No Change Keystone-7* Annual Pt-to-Pt Cap 5.00% 5.00% No Change Annual Pt-to-Pt Participation Rate 30.00% 30.00% No Change Annual Monthly Average Cap 5.50% 5.50% No Change Annual Monthly Average Participation Rate 40.00% 40.00% No Change Fixed Interest Rate 2.85%  2.85% No Change Keystone-10*       Annual Pt-to-Pt Cap 5.00% 5.00% No Change Annual Pt-to-Pt Participation Rate 30.00% 30.00% No Change Annual Monthly Average Cap 5.50% 5.50% No Change Annual Monthly Average Participation Rate 40.00% 40.00% No Change Fixed Interest Rate 2.95%  2.95% No Change           Traditional Bonus Annuity Product New Rates Base + Bonus / Base Old Rates Base + Bonus / Base Change Base + Bonus / Base Eleos-MVA 3.90% / 3.15% 3.90% / 3.15% No Change Eleos-SP 3.90% / 3.15% 3.90% / 3.15% No Change Apollo-MVA 3.55% / 3.05% 3.95% / 3.20% -0.25% bonus/ -0.15% base Apollo-SP 3.55% / 3.05% 3.95% / 3.20% -0.25% bonus/ -0.-15% base Argus2000-MVA 3.40% / 3.40% 3.40% / 3.40% No Change Argus2000-SP 3.40% / 3.40% 3.40% / 3.40% No Change           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** 3.00% / 3.00% 3.00% / 3.00% No Change             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 7/1/2010 through 9/30/2010, the minimum non-forfeiture rate for Keystone policies will be 87 1/2% of premium at 1.15%.  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 7/1/2010 through 9/30/2010, the minimum guaranteed rate for all Apollo and Eleos contracts will be 2.00%.  **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