Global Atlantic has sent out notices of the discontinuation of the International Index that was available in their indexing allocation options. This decision was made as a result of Presidential orders to no longer allow investment in China. This index utilized the Hang Seng Index which is a Chinese-based index.
This communication is required due to the removal of an index that was available for your clients to allocate to, whether they had a current allocation to it or not. Here is a link to our original post from May 18, 2022, highlighting this change.
What You Need to Know
If your client DID NOT have an allocation to this index, no action is required.
There were many indexing options sent out that are not available on all plans of insurance. Please refer to this Key Rates Page from Global Atlantic to help verify what indexing allocations are available for your client’s policy.
If your client does not make any choice, Global Atlantic will default their choices for them.
With NFG Brokerage, you no longer need to depend on a one size fits all approach. We work hard for you to create customized insurance strategies to help you deliver the most affective solutions to your clients. Your success is our success...don't delay!
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