Aptus Marketing

Aptus Marketing We are a top national insurance marketing organization that was founded in 2003.

04/05/2013

NEW FOR THE WEEK OF MAR 25-29, 2013...

GLEANER will launch their new Gleaner Life Foundation annuity series in April. Features include tiered interest rates based on deposit amount, 15% withdrawal privilege each year beginning in the first contract year and two commission options (up front and trail).

ING RELIASTAR will reduce commission rates for the ING TermSmart and ING ROP Endowment Term series of products, effective May 1, 2013. Updated commission schedules should be available after April 15. Current rates will be paid on applications signed and dated before May 1 and received at the ING service center by May 10.

METLIFE has revised its retail life portfolio and will make the following changes, effective April 27, 2013. The coverage continuation rider will no longer be offered on new sales of the Guarantee Advantage UL or Legacy Advantage SUL (these products will still be offered on a current assumption basis). In New York only, the 30-year term option for the Guaranteed Level Term will no longer be available. On April 29th, they will introduce the Promise Whole Life Select 10, 20 and 65, which are single-life whole life products for clients looking for guaranteed lifetime protection, the ability to pay for the protection on a guaranteed basis of 10 years, 20 years or to age 65 and cash values that accumulate more quickly than policies that have longer premium paying periods.

04/05/2013

NEW FOR THE WEEK OF MAR 18-22, 2013...

ATHENE, in order to comply with state and federal regulations and ensure that sales to clients are suitable, will require that ALL PRODUCERS IN ALL STATES complete Product Specific Training (PST) prior to soliciting an application for any fixed or fixed indexed annuity, effective April 1, 2013. After this date, if the PST is not completed prior to or on the date of the application, Athene will decline the submitted application and return all funds to the annuity owner.

04/05/2013

NEW FOR THE WEEK OF MAR 11-15, 2013...

AVIVA put out a memo highlighting that in recent months, a number of states have been reminding carriers of the need for strict compliance with regard to life insurance illustrations. Specifically, stating that the signature date of the illustration or Certificate of Illustration must be on or before the signature date of the application and if that does not occur, a newly signed and dated application will be required before policy issue. Please note that there are six states which do not allow the use of a Certificate in Lieu of Illustration. These are: Arkansas, Connecticut, North Dakota, Oklahoma, South Dakota and Wyoming. Therefore in those states, a basic illustration must be submitted with the application in all instances.

04/05/2013

NEW FOR THE WEEK OF MAR 4-8, 2013...

AVIVA's new TargetHorizon 10 and 15 are set to launch on Monday, March 11, 2013. These are 10- or 15-year single premium indexed annuities that offer un-capped interest crediting strategies and an optional, simple to understand LBR with an income tripler feature if the owner becomes confined to a nursing home. Contact Aptus for additional details!

04/05/2013

NEW FOR THE WEEK OF FEB 25 - MAR 1, 2013...

AVIVA is set to launch their new TargetHorizon indexed annuity series on March 11. More details to come...

LINCOLN FINANCIAL's new Treasury Indexed UL is the new alternative to traditional guaranteed life products. It offers your clients guaranteed protection now and opportunities to benefit if the 10-year treasury yields rise. They can extend their guarantee up to a lifetime, reduce out-of-pocket premiums or receive a cash payment. Call Aptus for an illustration.

NORTH AMERICAN introduced a new indexed annuity series this week called the IncomeChoice. These products feature a built-in GLWB at no additional charge, 5% GLWB bonus on all premiums deposited in the first 5 years and a roll-up credit which is 5% of the GLWB value + interest credits. Contact Aptus for more details.

04/05/2013

NEW FOR THE WEEK OF FEB 11-15, 2013...

AMERICO is discontinuing sales of their Future Provider Bonus and Ultimate One Index 9, effective February 15, 2013.

LINCOLN FINANCIAL made changes to several of their life products. Term products saw increased issue ages, policy fee changes and pricing updates. The LifeReserve saw interest rate changes. The minimum death benefit on MoneyGuard increased from $25k to $50k and single pay premium rates increased up to 5% while flex pay premiums remain unchanged.

NORTH AMERICAN is running a 1% commission blitz on RetireChoice series applications received February 11 - April 15, 2013.

04/05/2013

NEW FOR THE WEEK OF FEB 18-22, 2013...

ALLIANZ announced several minor changes to several of their indexed annuities effective March 5, 2013. For the MasterDex X, 360 or 365i, loans will no longer be available, and minimum guaranteed caps and fixed rates are changing. Applications signed on or before March 4 and received in Allianz's home office on or before 3pm CST on March 11, 2013 will be issued as applied for.

AVIVA is making changes to their Survivorship Builder product. Effective March 1, 2013, the NLG rider will no longer be available for purchase with their Survivorship Builder. Applications with matching illustrations must be signed on or before March 1, 2013 and received in Aviva's home office on or before March 8, 2013.

LINCOLN FINANCIAL will pay for the 4-hour NAIC general annuity training course through LIMRA/Kaplan for their agents. When users log into LIMRA/Kaplan website, they must enter Lincoln's portal code to receive free training. Contact Aptus for your portal code.

NORTH AMERICAN will lower their maximum premium limit in all policy years from $500k to $250k on products with a guaranteed death benefit feature. This limit applies to lump sums, 1035 exchanges and ongoing premiums and will affect sales of the Custom Guarantee and Guarantee Builder IUL. Applications signed on or before March 1, 2013 will be accepted under the old premium limit. Applications signed after March 1, 2013 must meet the new premium limit guidelines.

04/05/2013

NEW FOR THE WEEK OF APR 1-5, 2013...

ALLIANZ extended their product-specific training deadline from April 1st to May 1st, 2013. All agents, regardless of state, will be required to complete product-specific training prior to soliciting their annuity products.

AMERICAN EQUITY announced lots of exciting news this week. They launched two new riders to include an LBR/DBR combo and LBR with income doubler feature. They started an annuity sales promotion which awards a cash prize and customized Harley Davidson motorcycle to the winners. They increased premium limits on their annuity products by approximately $500k per age band. Also announced, were upcoming changes to their riders planned for June 1st. The rider charge on the 6.5% riders will increase and the roll-up rate on the 4.5% riders will decrease to 4%. Contact Aptus for additional details.

02/08/2013

NEW FOR THE WEEK OF FEB 4-8, 2013...

ALLIANZ will begin offering their signature guarantee stamp service exclusively to their Preferred agents, effective April 1, 2013.

AMERICAN EQUITY announced that as of February 4, 2013, quotes for their Guarantee Series annuities are offered on their website. As a result, the IRIS desktop software will no longer be available.

AVIVA: In light of their upcoming purchase by Athene, AM Best lowered Aviva's financial strength rating from an A to an A- and placed their ratings as under review with negative implications. Once the sale closes (expected mid-2013), Aviva USA will be renamed Athene USA and they will continue to be re-evaluated by ratings agencies throughout the process.

02/01/2013

NEW FOR THE WEEK OF JAN 28-FEB 1, 2013...

ALLIANZ launched their new 222 annuity on January 28, 2013, which features 2 ways to get a bonus to the Income Account Value, 2 ways to have lifetime withdrawals increase, 2 ways for beneficiaries to receive the annuity's death benefit and 0 Income Rider fees. Contact the Aptus home office for details and state availability. Also, effective January 29, 2013, will no longer accept life business that qualifies as a MEC. Single premium deposits into their premium deposit fund are still ok.

FORETHOUGHT has extended their 4th quarter agent commission special indefinitely and issued new commission schedules dated January 7, 2013 reflecting the changes. Most products saw a 50bps increase.

LINCOLN FINANCIAL will launch their LifeElements Level Term 2013 on February 11, 2013. The sweet-spot for this re-price is issue ages 45+ and death benefits of $500k+. Also changing with the new version are increased maximum issue ages and an increased policy fee. Formal applications signed and received between February 11 and April 12, 2013 will have their choice of the 2012 or 2013 version, while all applications received after the 60 day transition will automatically receive the 2013 product.

METLIFE will discontinue their Rapid eUW process for their GLT (Guaranteed Level Term) after February 22, 2013 and all GLT cases going forward from that date will go through traditional UW.

NORTH AMERICAN will increase the minimum face amount on their Guarantee Builder IUL from $25k to $50k for issue ages 15 days-59 years (the minimum will remain $25k for ages 60-85). This change applies to all applications signed after February 22, 2013.

01/25/2013

NEW FOR THE WEEK OF JAN 21-25, 2013

LINCOLN FINANCIAL will implement premium limitations on their GUL and SGUL products for applications received after February 8, 2013. Premiums will be limited to 3.5x target on average for any of the first 10 years, or generally, the single annual premium can't exceed the 5-pay annual premium requirement to guarantee the policy for the life of the insured. Lifetime level pay scenarios will not be affected.

NORTH AMERICAN: Reminder of Custom Guarantee deadlines...in order to receive current pricing on the Custom Guarantee, applications must have a sign date of January 25, 2013 or earlier and be received in North American's home office on or before Februay 1, 2013.

01/18/2013

NEW FOR THE WEEK OF JAN 14-18, 2013...

ALLIANZ: Effective January 15, 2013, Allianz requires all producers (regardless of state) to complete product training for fixed and fixed index annuity (FIA) sales.

ATHENE: As a B++ carrier, Athene is offering FREE supplemental E&O protection ($1mm/$2mm) for claims that are subject fo a financial ratings exclusion or exceed the coverage limits of the agent's primary E&O policy exclusive to products sold by Athene. Also, they will discontinue their 7MYG, effective 2/1/13 in all states where their new MaxRate EL is approved.

SAGICOR: Is running a life sales incentive for business submitted January 2-March 31, 2013 for their periodic premium NLG UL and Whole Life products (single premium products are not eligible). Cash and prizes such as movie passes and starbucks gift cards will be awarded. Submitting business via e-app will earn double points toward cash and prizes.

Address

Columbus, OH

Telephone

+16144429090

Website

Alerts

Be the first to know and let us send you an email when Aptus Marketing posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Aptus Marketing:

Shortcuts

Featured

Share

Category