July 2019 Annuity Rates & News

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July 2019 Annuity Rates & News

  • Rates are dropping.  There has been a ton of rate volatility in the last couple of months.  Please be sure to re-verify current rates and rate-lock procedures prior to client appointments or applications being signed.
  • Athene has had many changes over the last few weeks, a few of which include: staffing increases, suitability review changes, ratedecreases, product changes, and new forms.
    • The suitability backlog that was experienced in the spring is now caught up.  Please let NFG Brokerage know if you have anything that seems out of the ordinary for new business processing times.
    • The Ascent Pro 10 Bonus product series has been consolidated under one name, the Ascent Pro 10 Bonus.
    • Athene’s Benefit 10 series will be retired throughout this month.  E-Apps must be completed and submitted by July 12, 2019.  Paper applications must be signed and received at Athene by July 31, 2019.
      • Call us to talk about alternatives to this product.
    • New forms will be required for new applications starting on July 13, 2019.
  • Global Atlantic announced they have extended their bonus commission for e-App!  They have offered it through 12/31/19, for their FIA products in the IMO channel.  Business must be submitted through Firelight/SnapApp in order to receive the bonus commission.  Call us so we can show you how to do your first SnapApp.
  • Annuity Rate Watch is made available through us at no cost to you.  If your access is not yet set up in our back office, give us a call.
Download Our New Annuity Highlights & Rate Sheet Now
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