November 2017 Coming Soon — Important Changes to the Guaranteed Life Insurance Plan Gerber Life’s Guaranteed Life Insurance provides peace of mind by planning ahead to ease the burden of final expenses. This whole life insurance policy provides up to $25,000* to help pay medical bills, leftover debts and funeral costs. Regardless of your health, you can’t be turned down and the premiums are guaranteed to never increase. Product Changes Effective December 7, 2017 Include: Updated marketing material New premiums Transition Rules: The Gerber Life Agent Portal will only have the new rates and updated application version (1117) as
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Reward Your Clients for Healthy Lifestyles
Your clients don’t have to be Olympic-caliber athletes to qualify for the Fit Underwriting Program; they get credits for basic quality health maintenance. It’s helpful to think of Fit like this – your clients are Fit when both they and and their family are physically and financially Fit. People who have positive factors in the Fit categories tend to have better mortality. So, on those cases that might be mildly or moderately rated, when individuals have positive health factors, we offer extra mortality credits. Add Up the Savings Consider a case where your client is able to save $150 in
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Securian Moves To Digital Compensation Statements
Paper compensation statements will no longer be mailed This month, you will begin receiving email notifications when a new statement is available. This email will contain a link to access your statement through our advisor website. Securian will no longer mail paper copies of your compensation statements for compensation earned beginning January 2, 2018. Enjoy the benefits of online compensation statements Most recent payments by company and calendar year Access commonly used forms Robust reporting with download capability Detailed list of held transactions and reason for the hold Access to debt balances (your own and any downline debt balance) Transparent
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Omaha Thanksgiving Office Closing
Mutual of Omaha and its affiliates (United of Omaha, Companion Life Insurance Company, and United World) will be closed on Thursday, Nov. 23, and Friday, Nov. 24, 2017, for the Thanksgiving holiday. Thanksgiving Office Closing #goldencareagent #mutualofomaha #thanksgiving
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New Withdrawal/Surrender Request Form for Internal Replacements
Effective December 1, 2017 we will now require the Withdrawal/Surrender Request form WithSurr0917 to be completed and sent to New Business when doing an Internal Replacement of an existing policy. This form is required prior to printing any internal replacement policy and is only required on non-1035 applications. It is available for download on TAANI under Forms Finder. It can also be attached and submitted with the application in iGO. On the form, you will need to complete the following sections: Section 1, completed in its entirety Section 2, under “Surrender Options” — In special instructions provide the following verbiage
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Transamerica: New Business Phone Lines Closed Noon – Close 11/6
Both the Final Expense and Medical Supplement New Business phones lines will be closed on 11/6/17 from noon to close CST. We have an all-employee team meeting, then will be focusing our staff on processing and placing policies for the remainder of the day. If you have an immediate need, please email us at FinalExpenseNewBus@Transamerica.com or MedSupNewBus@Transamerica.com. #goldencareagent #transamerica
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DOL Form Revised, Immediate Use Required
DOL Form Revised, Immediate Use Required NGL has simplified the required Department of Labor (DOL) Source of Funds Disclosure and Acknowledgement form (4100-PTE 84-24 10/17). Use of the form is required immediately. The newly revised form: Has been scaled back to align with industry standards; Is still required to be completed with your client when tax-qualified funds are used to purchase a life insurance policy or annuity; Still should NOT be submitted with new business paperwork. It is to stay with your records for six years; and, Is required to be used immediately. This newly revised form (4100-PTE 84-24 10/17)
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New Sentinel Website
It’s a new dawn, it’s a new day, it’s a NEW WEBSITE… for you! We are revamping our website to better serve our agents and clients and we are excited to share a sneak peak of the beta version with you! Click on the link below to view our beta website, and please take a few minutes to give us any feedback on how we can improve. Sentinel’s Beta Website #goldencareagent #sentinel
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TLE Portfolio Updates Approved in OR
On October 1, 2017, we updated our Term Life Express portfolio with approvals in all states, except Oregon. Oregon has now approved the portfolio updates, making the changes below approved in all states. Pricing Change Information You will see a 5% reduction in female rates and a 10% reduction in male rates for TLE 10T premiums. Portfolio Change Information We have removed the 20T/5 and 30T/5 short guarantee products. State Approvals Approved in all states. Software and Marketing Materials Updates All marketing materials have been updated and are available to order through Sales Professional Access (SPA) or your normal ordering
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Advanced Markets Minute: The Tax-Advantaged Retirement Income Plan
Most business owners would like to provide a retirement benefit to their employees, but many times they worry about the administration requirements, the contribution limits, the plan costs and the ongoing responsibility of starting a retirement plan. What if you could provide a solution that allowed your client to provide a tax advantaged income stream in retirement for their employees, with little to no administrative requirements, the flexibility to choose which employees will participate, along with when and how much will be contributed to the plan? Do you think your business owner clients would be interested in offering a benefit
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