Current Carrier Updates...
Aegis Financial will keep this webpage updated with any recent, important carrier changes to help you prepare for your week ahead, so you’ll know exactly which carriers to be mindful of. Only those carriers that have changes are listed. Any interest rate adjustments, product changes and even new state product approvals are included with links to receive complete details.
Annuity Carrier News
GLOBAL ATLANTIC
Effective 4/13/20
Effective April 13th, Global Atlantic will be changing rates on their SecureFore 3 & 5 Fixed Annuities and Choice Accumulation II Fixed Indexed Annuity.
EQUITRUST
Effective 4/1/20
Effective April 1st, Equitrust has added new indexes to all of their Indexed Annuities! In addition to their S&P options, new and current policy holders will have the option for two new volatility-control indices: the S&P Mark 5% Excess Return Index and Barclays Focus50 Index.
ATLANTIC COAST
Effective 4/8/20
Rate Change Coming
Effective April 8, 2020, the below changes are taking effect for Atlantic Coast Life Insurance Company’s Income Navigator Annuity:
– Fixed Interest Rate and Cap Rates are decreasing;
– Contracts that add the GLWB rider will receive a total of 6% premium bonus at time of issue (please note, base contracts without the GLWB rider will still receive a 7% premium bonus at time of issue);
– The 7% compounding roll-up rate will be guaranteed for 10 years. The renewal roll-up rate may change but will never be below 4%.
AIG
Effective 4/6/20
AIG is increasing their rates on the American Pathway fixed 5 and 7 to 2.00% if $100,000 or more, 1.80% if less. Effective April 6th, 2020.
Click here for rates.
GREAT AMERICAN
Effective 4/7/20
Effective April 7th, Great American will reduce rates on the Landmark 3 annuity. In addition, effective immediately, Great American is suspending all income and death benefit riders.
Click here for upcoming product rider changes.
Click here for GALIC Retail with IP.
ATHENE
Effective 4/4/20
Effective April 4th, Athene will reduce interest rates and caps on the Ascent Pro 10 Bonus series. In addition, the income base bonuses will be lowered on option 1 and 2 (from 20% to 10% and 15% to 5% respectively). Click here for additional details.
PACIFIC LIFE
Effective 3/26/20 | Effective 4/1/20
The Pacific Index Dimensions rates are decreasing. Click here for the new rates.
LEGACY
Effective 3/29/20
Effective March 29th Legacy will reduce rates for the Americo ClassicMark, LibertyMark, and FutureMark fixed indexed annuities. Please click here for current rates.
EQUITABLE LIFE & CASUALTY
Effective 4/1/20
Equitable has announced rate changes and product changes to the Teton Bonus 7 FIA. The bonus feature on the Teton Bonus 7 will be adjusted for ages 81-90. The new bonus structure will look like this: Ages 0-80: 5% Bonus; Ages 81-90: 2.5% Bonus.
The Secure Savings and Secure Savings Elite MYGA rates will be reduced by 15 basis points across the board. Additionally, the Teton & Teton Bonus S&P 500 participation rates and spreads will decrease. There will be no changes to APTP Caps, monthly caps, monthly average caps or the Barclays Atlas options.
Applications must be signed by March 31st and received at the home office within 14 days of signing. Visit the Equitable agent portal or contact your Aegis Financial Sales Consultant for the new rate sheet.
NASSAU RE
Effective 4/1
Starting April 1, 2020 Nassau Re is adding a new income rider option to the Nassau Growth Annuity. It will be called the Amplified Income Rider and amplifies the Income Benefit Base by 150% annually and features a low rider fee of .28%
Additionally, Nassau Re has announced rate reductions on their FIA product lines. Click the links below to see the new rates for each product:
Nassau Growth Annuity
Personal Income Annuity
Personal Protection Choice
Personal Retirement Choice
Nassau MYAnnuity 5X & 7X
SENTINEL/ATLANTIC COAST LIFE
Effective 4/1/20
Decrease in participation rates for the S&P strategies only. The decrease is 8% on both fee and non-fee options. Click here for rates.
NATIONAL WESTERN
Effective 3/27/20
National Western is decreasing rates on March 27th. Click here for rates.
NORTH AMERICAN
North American has announced additional rate decreases, Lifetime Payment Percentage (LPP) decreases and VersaChoice product changes as follows:
Rate decreases on:
Lifetime Payment Percentage decreases on:
VersaChoice changes:
Click here for updated rates and product materials.
AMERICAN EQUITY
Effective 3/30/20
American Equity will be making changes to their crediting rates on the AssetShield, IncomeShield, Bonus Gold, Retirement Gold and Choice product series. They will also be making changes to the Rate Integrity Rider on the AssetShield product series. These changes are effective Monday, March 30, 2020.
For your client to qualify for the current rates, applications along with cash or 1035/Direct Transfer paperwork must be received in their office by 1 p.m. CT Friday, March 27, 2020. Transfer funds must be received by 1 p.m. CT Friday, April 24, 2020.
For your client to qualify for the current Rate Integrity Rider rates, funds must be received by March 27, 2020. Funds received after March 27, 2020, will receive the new rates.
The rate hold allows your clients to participate in higher rates for one year. A lower rate could apply at their first anniversary if the strategy they selected is subject to a rate decrease. Their contract will renew at the same rate as other contracts with the same anniversary date.
See crediting rates and Rate Integrity Rider changes here. If a product or strategy is not listed, there are no changes.
RELIANCE STANDARD
Effective 3/12/20 and 3/31/20
Reliance Standard is decreasing their fixed rates on 3/12 and their indexed rate on 3/31. Click here for the updated rates.
Effective 4/13/20
Effective April 13th, Global Atlantic will be changing rates on their SecureFore 3 & 5 Fixed Annuities and Choice Accumulation II Fixed Indexed Annuity.
EQUITRUST
Effective 4/1/20
Effective April 1st, Equitrust has added new indexes to all of their Indexed Annuities! In addition to their S&P options, new and current policy holders will have the option for two new volatility-control indices: the S&P Mark 5% Excess Return Index and Barclays Focus50 Index.
ATLANTIC COAST
Effective 4/8/20
Rate Change Coming
Effective April 8, 2020, the below changes are taking effect for Atlantic Coast Life Insurance Company’s Income Navigator Annuity:
– Fixed Interest Rate and Cap Rates are decreasing;
– Contracts that add the GLWB rider will receive a total of 6% premium bonus at time of issue (please note, base contracts without the GLWB rider will still receive a 7% premium bonus at time of issue);
– The 7% compounding roll-up rate will be guaranteed for 10 years. The renewal roll-up rate may change but will never be below 4%.
AIG
Effective 4/6/20
AIG is increasing their rates on the American Pathway fixed 5 and 7 to 2.00% if $100,000 or more, 1.80% if less. Effective April 6th, 2020.
Click here for rates.
GREAT AMERICAN
Effective 4/7/20
Effective April 7th, Great American will reduce rates on the Landmark 3 annuity. In addition, effective immediately, Great American is suspending all income and death benefit riders.
Click here for upcoming product rider changes.
Click here for GALIC Retail with IP.
ATHENE
Effective 4/4/20
Effective April 4th, Athene will reduce interest rates and caps on the Ascent Pro 10 Bonus series. In addition, the income base bonuses will be lowered on option 1 and 2 (from 20% to 10% and 15% to 5% respectively). Click here for additional details.
PACIFIC LIFE
Effective 3/26/20 | Effective 4/1/20
The Pacific Index Dimensions rates are decreasing. Click here for the new rates.
LEGACY
Effective 3/29/20
Effective March 29th Legacy will reduce rates for the Americo ClassicMark, LibertyMark, and FutureMark fixed indexed annuities. Please click here for current rates.
EQUITABLE LIFE & CASUALTY
Effective 4/1/20
Equitable has announced rate changes and product changes to the Teton Bonus 7 FIA. The bonus feature on the Teton Bonus 7 will be adjusted for ages 81-90. The new bonus structure will look like this: Ages 0-80: 5% Bonus; Ages 81-90: 2.5% Bonus.
The Secure Savings and Secure Savings Elite MYGA rates will be reduced by 15 basis points across the board. Additionally, the Teton & Teton Bonus S&P 500 participation rates and spreads will decrease. There will be no changes to APTP Caps, monthly caps, monthly average caps or the Barclays Atlas options.
Applications must be signed by March 31st and received at the home office within 14 days of signing. Visit the Equitable agent portal or contact your Aegis Financial Sales Consultant for the new rate sheet.
NASSAU RE
Effective 4/1
Starting April 1, 2020 Nassau Re is adding a new income rider option to the Nassau Growth Annuity. It will be called the Amplified Income Rider and amplifies the Income Benefit Base by 150% annually and features a low rider fee of .28%
Additionally, Nassau Re has announced rate reductions on their FIA product lines. Click the links below to see the new rates for each product:
Nassau Growth Annuity
Personal Income Annuity
Personal Protection Choice
Personal Retirement Choice
Nassau MYAnnuity 5X & 7X
SENTINEL/ATLANTIC COAST LIFE
Effective 4/1/20
Decrease in participation rates for the S&P strategies only. The decrease is 8% on both fee and non-fee options. Click here for rates.
NATIONAL WESTERN
Effective 3/27/20
National Western is decreasing rates on March 27th. Click here for rates.
NORTH AMERICAN
North American has announced additional rate decreases, Lifetime Payment Percentage (LPP) decreases and VersaChoice product changes as follows:
Rate decreases on:
- NAC VersaChoice
- Performance Choice
- NAC Income Choice
- Strategic Design Annuity X
- Guarantee Choice MYGA
Lifetime Payment Percentage decreases on:
- NAC Benefit Solutions
- NAC Income Choice
VersaChoice changes:
- Optional Enhanced Liquidity Benefit (ELB) is increasing to 60%
- ELB waiting period is increasing to 3 Years
Click here for updated rates and product materials.
AMERICAN EQUITY
Effective 3/30/20
American Equity will be making changes to their crediting rates on the AssetShield, IncomeShield, Bonus Gold, Retirement Gold and Choice product series. They will also be making changes to the Rate Integrity Rider on the AssetShield product series. These changes are effective Monday, March 30, 2020.
For your client to qualify for the current rates, applications along with cash or 1035/Direct Transfer paperwork must be received in their office by 1 p.m. CT Friday, March 27, 2020. Transfer funds must be received by 1 p.m. CT Friday, April 24, 2020.
For your client to qualify for the current Rate Integrity Rider rates, funds must be received by March 27, 2020. Funds received after March 27, 2020, will receive the new rates.
The rate hold allows your clients to participate in higher rates for one year. A lower rate could apply at their first anniversary if the strategy they selected is subject to a rate decrease. Their contract will renew at the same rate as other contracts with the same anniversary date.
See crediting rates and Rate Integrity Rider changes here. If a product or strategy is not listed, there are no changes.
RELIANCE STANDARD
Effective 3/12/20 and 3/31/20
Reliance Standard is decreasing their fixed rates on 3/12 and their indexed rate on 3/31. Click here for the updated rates.
Life Carrier News
FLUIDLESS ACCELERATED CARRIERS
Scott Soares is fielding questions coming in from agents every day on Fluidless Accelerated Carriers. Aegis Financial has plenty of choices for up to $3MM coverage without parameds needed ON CLEAN CASES. When a paramed is needed (according to ExamOne) they are still going into the field for most of the country.
Contact Scott Soares in the Life Department for complete details.
NATIONWIDE
Nationwide is committed to carefully managing our life product portfolio to remain the strong, stable carrier you can rely on. To keep this commitment – and in response to the extremely low interest rate environment and unprecedented volatility in the markets – we are repricing our NLG-UL II, adjusting the age limit on CareMatters, lowering the maximum face amount on IUL and SIUL, and decreasing the crediting rate by 0.25% on the fixed account in our IUL, VUL and CareMatters products. Please click here for all the details.
NATIONAL LIFE GROUP
National Life or LSW is NOW taking clean applications up to $3MM (increased from $1MM) with NO MEDICALS/LABS. Click here for details.
Contact Scott Soares in the Life Department for the 6-page app, and get approvals in days not weeks.
Scott Soares is fielding questions coming in from agents every day on Fluidless Accelerated Carriers. Aegis Financial has plenty of choices for up to $3MM coverage without parameds needed ON CLEAN CASES. When a paramed is needed (according to ExamOne) they are still going into the field for most of the country.
Contact Scott Soares in the Life Department for complete details.
NATIONWIDE
Nationwide is committed to carefully managing our life product portfolio to remain the strong, stable carrier you can rely on. To keep this commitment – and in response to the extremely low interest rate environment and unprecedented volatility in the markets – we are repricing our NLG-UL II, adjusting the age limit on CareMatters, lowering the maximum face amount on IUL and SIUL, and decreasing the crediting rate by 0.25% on the fixed account in our IUL, VUL and CareMatters products. Please click here for all the details.
NATIONAL LIFE GROUP
National Life or LSW is NOW taking clean applications up to $3MM (increased from $1MM) with NO MEDICALS/LABS. Click here for details.
Contact Scott Soares in the Life Department for the 6-page app, and get approvals in days not weeks.