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
ALLIANZ
Allianz is rolling out a new product March 3rd. Click here for details. Allianz is also making changes to their 222 and requiring training which encompasses both the new product and the 222. Click here for details on training requirements. Click here for 222 product information.
ATLANTIC COAST
Atlantic Coast is increasing their rates on March 1 for the RPM product:
FIDELITY & GUARANTY
FGL Holdings Announces $2.7Billion Acquisition by Fidelity National Financial. Nothing changes as the F&G management team will still be in place going forward. This merger enhances the financial strength and access to deployable capital to support growth. Click here for more information.
Allianz is rolling out a new product March 3rd. Click here for details. Allianz is also making changes to their 222 and requiring training which encompasses both the new product and the 222. Click here for details on training requirements. Click here for 222 product information.
ATLANTIC COAST
Atlantic Coast is increasing their rates on March 1 for the RPM product:
- 1 year Aging of America base contract (no fee): Currently 58.5% / New rate 75%
- 1 year A of A w/Growth Rider (fee): Currently 117% / New rate 125%)
- 3 year A of A base contract: Currently 100% / New rate 140%
- 3 year A of A w/Growth Rider: Currently 200% / New rate 200% (no change)
- 1 year S&P Cap base contract: Currently 6% / New rate 5%
- 1 year S&P Participation base contract: 40% / New rate 40% (no change)
- 1 year S&P Cap Growth Rider: Currently 8.5% / New rate 7.5%
- 1 year S&P Participation Growth Rider: Currently 53% / New rate 55%
FIDELITY & GUARANTY
FGL Holdings Announces $2.7Billion Acquisition by Fidelity National Financial. Nothing changes as the F&G management team will still be in place going forward. This merger enhances the financial strength and access to deployable capital to support growth. Click here for more information.
EQUITABLE
Equitable Life and Casualty has announced rate changes effective February 14, 2020, on their Secure Savings, Secure Savings Elite, Teton and Teton Bonus product lines. Their MYGA rates have decreased and the Teton product line S&P 500 cap rates have decreased while their S&P 500 par rate has increased (may vary from state to state). Please contact your Aegis Financial Sales Consultant for the current rate sheet or visit the Equitable Agent Portal.
ANICO
Anico Asia Plus has a new S&P par rate strategy at 40%. It also now allows flexible premium with better commission on additional money added through the SC period. Additional premium increases LIR Income base but doesn’t roll up. LIR still rolls up on joint account if one dies. Click here for the new rate sheet.
ATHENE
Effective February 3rd, new money rates are on the rise for Athene’s multi-year guarantee products. Please click here for additional details.
NORTH AMERICAN
North American has announced a RATE INCREASES on their VersaChoice FIA effect February 4th. The S&P MARC ER Two-year PTP is increasing to 120% par with no caps. The S&P MARC ER Annual PTP is increasing to 80%% par with no caps. Click here for the latest rate sheet
Equitable Life and Casualty has announced rate changes effective February 14, 2020, on their Secure Savings, Secure Savings Elite, Teton and Teton Bonus product lines. Their MYGA rates have decreased and the Teton product line S&P 500 cap rates have decreased while their S&P 500 par rate has increased (may vary from state to state). Please contact your Aegis Financial Sales Consultant for the current rate sheet or visit the Equitable Agent Portal.
ANICO
Anico Asia Plus has a new S&P par rate strategy at 40%. It also now allows flexible premium with better commission on additional money added through the SC period. Additional premium increases LIR Income base but doesn’t roll up. LIR still rolls up on joint account if one dies. Click here for the new rate sheet.
ATHENE
Effective February 3rd, new money rates are on the rise for Athene’s multi-year guarantee products. Please click here for additional details.
NORTH AMERICAN
North American has announced a RATE INCREASES on their VersaChoice FIA effect February 4th. The S&P MARC ER Two-year PTP is increasing to 120% par with no caps. The S&P MARC ER Annual PTP is increasing to 80%% par with no caps. Click here for the latest rate sheet
Life Carrier News
NORTH AMERICAN
North American is excited to introduce an enhancement to our WriteAway accelerated underwriting program that allows your client to provide their lifestyle and medical history on an Online Part 2 Application. This application process replaces the phone interview that is used today. This new tool gives your client the ability to complete their Online Part 2 confidentially on an advanced platform at any time, with the convenience of being able to complete the process independently and from any electronic device.
Download Bulletin here.
SYMETRA
Symetra is announcing a rate change effective Tuesday, February 18th. Click here for new rates.
LEGAL & GENERAL
New Term Pricing Effective February 4, 2020. New rates for Banner and William Penn OPTerm 10, 15, 20, 25 and 30 include a mix of decreases and increases. No changes to OPTerm 35 and 40. Click here for rates.
JOHN HANCOCK
John Hancock Term products now available on iPipeline’s Drop Ticket! iPipeline users can now use iGO Drop Ticket to quickly and easily complete a Ticket for a John Hancock Term product (i.e., Protection Term or Vitality Term). Be sure to turn on this new feature by going into iService/iGO eApp Products/John Hancock, and add “Term Drop Ticket” — example here. And, submissions via iPipeline’s Drop Ticket are eligible for John Hancock ExpressTrack ® underwriting! Refer to this guide for additional details about this exciting implementation.
North American is excited to introduce an enhancement to our WriteAway accelerated underwriting program that allows your client to provide their lifestyle and medical history on an Online Part 2 Application. This application process replaces the phone interview that is used today. This new tool gives your client the ability to complete their Online Part 2 confidentially on an advanced platform at any time, with the convenience of being able to complete the process independently and from any electronic device.
Download Bulletin here.
SYMETRA
Symetra is announcing a rate change effective Tuesday, February 18th. Click here for new rates.
LEGAL & GENERAL
New Term Pricing Effective February 4, 2020. New rates for Banner and William Penn OPTerm 10, 15, 20, 25 and 30 include a mix of decreases and increases. No changes to OPTerm 35 and 40. Click here for rates.
JOHN HANCOCK
John Hancock Term products now available on iPipeline’s Drop Ticket! iPipeline users can now use iGO Drop Ticket to quickly and easily complete a Ticket for a John Hancock Term product (i.e., Protection Term or Vitality Term). Be sure to turn on this new feature by going into iService/iGO eApp Products/John Hancock, and add “Term Drop Ticket” — example here. And, submissions via iPipeline’s Drop Ticket are eligible for John Hancock ExpressTrack ® underwriting! Refer to this guide for additional details about this exciting implementation.