With treasuries and interest rates trending downward following recent banking industry events and related market impacts, it is prudent for Guaranty Income to make appropriate rate adjustments consistent with lower market interest rates. As always, we remain focused on delivering competitive and sustainable products over the long term. Applications must be received no later than 3 p.m. Central Time on Friday, March 17 to hold the higher rate, and monies/transfers/exchanges must be received within 45 calendar days.   > Mid-March Rates       #goldencareagent #gilico
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New Advisor Portal is Coming Soon!   Guaranty Income Life (GILICO) is preparing to roll out new advisor and policyholder portals in the coming weeks. With this enhancement, you will only need to sign on to a single portal to gain access to both presales tools and your clients’ policy information. This new advisor portal will provide access to: Our FireLight eApp tool, if your IMO does not already have an instance of FireLight. A link to client policy information from the advisor landing page. No need to go to a second login page. Access to presales materials and illustration
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LTC coverage does more than pay for care Having LTC insurance means your clients needn’t deplete their savings to pay for care. Coverage helps clients: Maintain independence Relieve financial pressure Protect retirement assets Decide how and where to receive care   Guaranty Income’s AnnuiCare may provide 3x the annuity value for LTC expenses, if and when needed. As the annuity grows, so does the potential LTC benefit! > Get the Details on AnnuiCare Call the GILICO sales team at 800-535-8110 for assistance.     #goldencareagent #gilico
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Year-end Notes   Processing Cut-off Dates For Distributions: To complete distributions by December 30, GILICO’s Topeka office must receive requests in good order by December 23. For incomplete requests (NIGO), or requests received after December 23, we will strive to complete by December 30, but cannot guarantee. For New Business: GILICO’s Topeka office must receive new business requirements in good order by December 23 for contracts to be issued by December 27. This includes: Complete deferred annuity applications, including premium and without additional requirements. RMDs to be processed in 2021 must be taken before the funds are transferred. NIGO items
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Schedule Adjustments on charge back of commission   Effective 12-1-2021, GLICO is making an adjustment to its commission schedules as they pertain to the charge back of commission in months 7-12. 100% of commission will be charged back should a surrender happen within six (6) months of date of issue and 50% for surrenders within 7-12 months of issue. This is not a change to the commission rate, only the charge back in months 7-12. This change will affect all annuity products and year durations. It will be effective on all policies that fund after 1-1-2022. Questions? Call GILICO’s Agent
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Best Interest Suitability and CE Update   Best Interest (BI) Annuity Suitability regulations model has been adopted by the NAIC. Guaranty Income requires agents to complete suitability appropriate to the model reg. The Annuity Suitability Profile and Producer Relationship Disclosure forms are required with each new annuity application. We encourage you to use the online App Builder to ensure that the correct forms are being used for each solicitation. Additional Annuity continuing education requirements are being implemented as each state adopts the BI reg. Agents who have already completed the standard annuity suitability course must complete a one-hour Annuity BI
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