A Word from Joe Wieser, President and CEO of GILICO

MAY 2021 GUARANTY NEWS A Word from Joe Wieser, President and CEO of GILICO As a child growing up in Denver, CO, activities seemed endless. Summer vacation included a family trip spent in the Rocky Mountains each year. Days were filled with hiking, biking, fishing and swimming in hot spring pools. I quickly learned the amazing rock formations and composition of the various 14,000+ peaks sprinkled throughout the Colorado Rockies. To this day, I can easily identify and name the mountain peaks standing anywhere along the front range. Those inspiring and powerful rock formations continue to stand the test of
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Best Interest Suitability and CE Update

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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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

AnnuiCare Illustration Software

IMPORTANT   Note to AnnuiCare Illustration Program Users Please discontinue using the desktop software for AnnuiCare illustrations. The AnnuiCare illustration tool that launched in December should be used to create all AnnuiCare illustrations moving forward. This web-based program is user-friendly and can be accessed on our Pre-Sales site and is also included below. New AnnuiCare Illustration Tool     #goldencareagent #gilico
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Don’t miss exciting news at Guaranty Income

Good News for a Growing Company An Upgrade in Financial Rating, a New Hire and a Birthday all in the Start of 2021.   WE UPGRADED TO AN A Guaranty Income Life Insurance Company, a Kuvare life and annuity business based in Baton Rouge, Louisiana, received a financial strength rating of A (upgraded from A-) by KBRA. Joe Wieser, President of GILICO, commented, “This upgrade is a testament to GILICO’s financial strength, operating performance, and growing stature within the US annuity marketplace. We are proud of our outstanding results and long-term focus to deliver on the promises made to our
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Categories: COVID-19, Guaranty Income, Industry News, and Linked Benefit/Hybrids.

New to Virtual Meetings? Here’s Some Help

HELPFUL GUIDES   Many businesses & families are dealing with unique challenges due to the COVID-19 conditions. Clients may not be able to come see you in-person, but their needs for stable financial products won’t stop- and neither should your business. If you are new to virtual meeting platforms, we’ve done some research and have created a reference guide for you. A fellow advisor also shares the document that she provides for her clients who are new to Zoom meetings. We hope these are helpful to you and your business. We’re in this together & together we will be stronger.
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Categories: COVID-19, Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Annuity Sales Nearly Doubled—Two Years in a Row!

“THE INSURER THAT ALMOST DOUBLED ANNUITY SALES TWO YEARS IN A ROW”   The Kuvare family of companies have experienced an outstanding combined annuity growth of 97% in 2018, followed by an increase of 85% in 2019. We may have just vaulted into the top 50 annuity companies in the U.S., according to a recent article from Life Annuity Specialist. See the complete article below: It’s an exciting time to be growing with GILICO and Kuvare. Thank you for your partnership and for helping us reach these amazing achievements! Read the Latest Kuvare Article Here       #goldencareagent #gilico
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Minor Rate Adjustments Effective November 1

MINOR RATE ADJUSTMENTS   The 4, 6 and 8-year Guaranty Series and Guaranty 4, 6, and 8 AnnuiCare® rates will will decrease by 10 basis points beginning November 1. The FlexPlus and AnnuiCare® 5, 7 and 10-year options will remain unchanged. AnnuiCare® Flex Plus 10 is our top-selling AnnuiCare® offering with the rate holding strong at 3.00%. November is Long-Term Care Awareness Month. Now is a great time to visit with your clients about the importance of LTC planning. And, incorporate AnnuiCare® into your clients’ financial plans, when it’s a good fit. VIEW OUR RATES HERE       #goldencareagent
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

November is Long-Term Care Awareness Month

November is Long-Term Care Awareness Month Americans are living longer, and the odds of needing some form of Long-Term Care continues to rise. Many people are not incorporating LTC solutions into their financial plans. When those needs do occur, it’s typically too late to get traditional LTC coverage. Cary Carney, GILICO’s National Sales Director, has seen this first hand. “My mother and three siblings are unfortunate carriers of the debilitating disease CADASIL. We weren’t aware of this until several years ago when a few of them started experiencing related symptoms. Obtaining LTC coverage in their 40’s was not something any
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

New Commission Features Online

NOW AVAILABLE COMMISSION SORT & SEARCH OPTIONS Now, when logging in at my.gilico.com you can access our new sort and search options regarding your commissions. YOU CAN FILTER BY:  time period, transaction type and commission status. AFTER CHOOSING YOUR PREFERENCES, YOU CAN:  view a list, or click to view specific details by contract. Commission information can also be printed or exported to an Excel or PDF file. Click here for a brief overview of these new options.     #goldencareagent #gilico
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

New QuickLink to Pre-Sales Tools!

PRE-SALES TOOLS NOW A QUICKLINK   We have added a new QuickLink to Pre-Sales Tools for agents and advisors. Agents, advisors and policyholders also have access to our robust agent portal at GILICO.com. Login takes you to my.gilico.com, where you enter your username and password to access contracts, cash values, contributions, commissions, policy documents, and more. With these two enhancements, we are deactivating GILICOlink.com at the end of September. All documents for 2019 and beyond will be available at the new site. NOTE: If you need 2018 Commission and Annual Statements after September 30, our sales support team can assist
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.