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Athene MYG Commissions Schedule Updates

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August 29, 2016

 Athene adjusted commissions on  their Athene MYG products. The new commission schedule will apply to issued Athene MYG business with applications dated on or after September 3, 2016. To obtain an updated copy of your commission schedule, please contact us.

Commissions are being reduced by 50 bps on the MYG 5 and 7.

Thank you for your business. For product and sales support, please contact the best Sales Desk in the business at 888‑661-1999.

Athene MYG fixed annuity [MYG (09/15) or state variation] are issued by Athene Annuity and Life Company, West Des Moines, IA. Product features, limitations and availability may vary by state; see Certificate of Disclosure for full details. Products not available in all states.

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Athene Interest Rate Update

August 25, 2016

Athene Interest Rate Update

We’re adjusting rates on our Athene MYGSM , Athene AscentSM Pro , Athene Performance Elite® and Athene Benefit 10SM products as follows:

Athene MYG

Interest rates to increase effective August 26, 2016.

Multi-Year Fixed Strategy: Initial Premium 1-Year Fixed Strategy: Additional Premium
MVA (Not available in AK, CA, HI, MN, MO, NJ, NY, PA & WA) Non-MVA (Not available in NY)
Current New Current New
3-Year 1.60% No change 1.50% No change
5-Year 2.30% 2.40% 2.05% 2.15%
7-Year 2.40% 2.50% 2.20% 2.30%
While we cannot reissue policies, any pending Athene MYG business will receive the new rates if received after 4 pm CT on July 18, 2016 and the contract issue date is on or after August 26, 2016.

 

Athene Ascent Pro

Effective September 3, 2016.

Athene Ascent Pro Ascent Pro 5 Ascent Pro 7
Current New Current New
2-Year No Cap PTP1 – BNP (Par Rate) 95% 85% 100% 95%
2-Year No Cap PTP1 – Morningstar® (Par Rate) 70% 65% 75% 70%
1-Year No Cap PTP1 – S&P 500® (Volatility Control) (Par Rate) 65% 60% 70% 65%
1-Year PTP – S&P 500® (Cap) 4.00% 3.50% 4.25% 4.00%
Bailout Cap Rate 3.00% No Change 3.00% No Change
1-Year Monthly Cap – S&P 500® (Cap) 1.75% 1.65% 1.85% 1.75%
Fixed 1.50% 1.35% 1.65% 1.50%

 

Athene Performance Elite

Effective September 3, 2016.

Athene Performance Elite (PE) PE 10 PE 10 Select PE 10 Pro PE 15
Current New Current New
2-Year No Cap PTP1 – BNP (Par Rate) 100% 80% 130% 110%
2-Year No Cap PTP1 – Morningstar® (Par Rate) 75% 65% 85% 75%
2-Year No Cap PTP1 – S&P 500®(Volatility Control) (Annual Spread) 2.75% 3.75% 1.75% 2.75%
1-Year No Cap PTP1 – S&P 500® (Volatility Control) (Par Rate) 45% 35% 55% 45%
1-Year PTP – S&P 500® (Cap) 4.25% 3.25% 5.00% 3.75%
1-Year Monthly Cap – S&P 500® (Cap) 1.85% 1.45% 2.00% 1.60%
Fixed 1.40% 1.00% 1.80% 1.40%

 

Athene Benefit 10

Effective September 3, 2016.

Athene Benefit 10 Athene Benefit 10 Select Athene Benefit 10 Pro
Lifetime Income Withdrawal Percentages:
Level (Current & Guaranteed) Increasing* Inflation*
Attained Age: Current New Current New Current New
50-54 3.00% 2.75% 1.50% 1.25% 2.00% 1.75%
55-59 3.25% 3.00% 1.75% 1.50% 2.25% 2.00%
60-64 3.75% 3.50% 2.25% 2.00% 2.75% 2.50%
65-69 4.25% 4.00% 2.75% 2.50% 3.25% 3.00%
70-74 4.75% 4.50% 3.25% 3.00% 3.75% 3.50%
75-79 5.00% 4.75% 3.50% 3.25% 4.00% 3.75%
80-84 5.50% 5.25% 4.00% 3.75% 4.50% 4.25%
85-89 5.75% 5.50% 4.25% 4.00% 4.75% 4.50%
90+ 6.00% 5.75% 4.25% 4.00% 4.75% 4.50%
* Guaranteed Percentages for these options will remain unchanged.

 

Benefit Base Guaranteed Simple Interest Rate: Year 1-10 Year 10+
Athene Benefit 10 Athene Benefit 10 Select Athene Benefit 10 Pro Current New Current New
8.00% 7.00% 5.00% No change

 

Application deadlines Athene Ascent Pro, Benefit 10 and Performance Elite)

  • Applications with cash received in good order by Athene no later than 4 pm CT on September 2, 2016 will be issued as applied for.
  • Non-cash applications (e.g. 1035 exchanges, IRA rollovers) received in good order by Athene no later than 4 pm CT on September 2, 2016 will be issued as applied for if funds are received no later than 4 pm CT on October 28, 2016.
  • Applications received after 4 pm CT on September 2, 2016 will be issued with the new rates.

Applications may be submitted electronically using the Document Upload Tool. They can also be submitted by overnight mail to the following address:

Athene Annuity and Life Company 7700 Mills Civic Parkway West Des Moines, IA 50266-3862

 

Want to learn more?

Visit Athene Connect for product information and to run an illustration.

Download updated rate cards and state approval maps for all products.

View New Rates

 

 

 

Rates are subject to change at any time.

1 Because the index applies a volatility control mechanism, the range of both the positive and negative performance of the index is limited. The index is managed to create stabilized performance and avoid very high positive returns and very low negative returns.

The BNP Paribas Multi Asset Diversified 5 Index (the “BNPP MAD 5 Index”) is the exclusive property of BNP Paribas or one of its affiliates (BNP Paribas and its affiliates collectively, are hereinafter called “BNPP”) and is determined, composed and calculated by BNPP. “BNP”, “BNPP”, “BNP Paribas”, “BNPP MAD 5 Index” and “BNP Paribas Multi Asset Diversified 5 Index” (collectively, the “BNPP Marks”) are trademarks or service marks of BNPP and have been licensed by Athene Annuity and Life Company (“Company”) for use in a fixed indexed annuity offered by the Company (the “fixed indexed annuity”). The fixed indexed annuity is not, in whole or in part, sponsored, structured, priced, endorsed, offered, sold, issued or promoted by BNPP or any of its affiliates, or by Standard and Poor’s or any of its affiliates (collectively, “S&P”) or by any third party licensor of information to BNPP (the “Third Party Licensors”). BNPP’s only relationship to the Company is the licensing of the BNPP MAD 5 Index and BNPP Marks for certain purposes. S&P®, S&P 500® and S&P GSCI® are trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by BNPP. None of S&P, BNPP or any Third Party Licensors has any obligation to take into consideration any of the needs of the Company or any of the owners, annuitants or beneficiaries of the fixed index annuity.

Poor’s Financial Services LLC and have been licensed for use by BNPP. None of S&P, BNPP or any Third Party Licensors has any obligation to take into consideration any of the needs of the Company or any of the owners, annuitants or beneficiaries of the fixed index annuity.

BNPP, S&P OR ANY THIRD PARTY LICENSOR DOES NOT GUARANTEE THE ACCURACY, ADEQUACY, TIMELINESS, COMPLETENESS OR AVAILABILITY OF THE BNPP MAD 5 INDEX OR ANY COMPONENT THEREOF OR DATA INCLUDED THEREIN, OR THAT NO ERROR, OMISSION, DELAY OR INTERRUPTION WILL EXIST THEREIN. NONE OF BNPP, S&P OR ANY THIRD PARTY LICENSOR MAKES ANY REPRESENTATION OR WARRANTY, AND EACH OF BNPP, S&P AND THE THIRD PARTY LICENSORS EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE BNPP MAD 5 INDEX, ANY BNPP MARK, AN S&P INDEX, TRADEMARK (INCLUDING S&P 500® OR THE S&P GSCI®) OR SERVICE MARK OF S&P (COLLECTIVELY, THE “S&P MARKS”) OR THE FIXED INDEXED ANNUITY, INCLUDING, WITHOUT LIMITATION, THOSE REGARDING (I) MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, OR (II) THE ADVISABILITY OF ANY PERSON INVESTING IN THE FIXED INDEXED ANNUITY.

BNPP, S&P or any Third Party Licensor does not have any liability with respect to the fixed indexed annuity in which an interest crediting option is based on the BNPP MAD 5 Index is included, and is not liable for any loss relating to the fixed indexed annuity, whether arising directly or indirectly from the use of the BNPP MAD 5 Index, its methodology, any BNPP Mark or S&P Mark or otherwise.

No purchaser, seller or holder of the fixed indexed annuity, or any other person or entity, should use or refer to any BNPP Mark or other BNPP trade name to sponsor, endorse, market or promote the fixed indexed annuity without first contacting BNPP. Under no circumstances may any person or entity claim any affiliation with BNPP without the prior written permission of BNPP.

In calculating the performance of the BNPP MAD 5 Index, BNPP deducts a servicing cost of 0.50% per annum, calculated on a daily basis. In addition, the BNPP MAD 5 Index methodology embeds certain costs which cover among other things, rebalancing and replication costs. Such costs may vary over time with market conditions. These costs reduce the potential positive change in the BNPP MAD 5 Index and thus the amount of interest that will be credited to the fixed indexed annuity that includes the BNPP MAD 5 Index.

The volatility control applied by BNPP may reduce the potential positive or negative change in the BNPP MAD 5 Index and thus the amount of interest that will be credited to the fixed indexed annuity that includes the BNPP MAD 5 Index.

Athene Annuity and Life Company’s Products are not sponsored, endorsed, sold or promoted by Morningstar. Morningstar makes no representation or warranty, express or implied, to the owners of the Athene Annuity and Life Company’s Products or any member of the public regarding the advisability of buying annuities generally or purchasing the Athene Annuity and Life Company’s Products in particular or the ability of the Athene Annuity and Life Company’s Products to track general stock market performance. Morningstar’s only relationship to Athene Annuity and Life Company is the licensing of: (i) certain service marks and service names of Morningstar; and (ii) the relevant Morningstar index (“Index”) which is determined, composed and calculated by Morningstar without regard to Athene Annuity and Life Company or the Athene Annuity and Life Company’s Products. Morningstar has no obligation to take the needs of Athene Annuity and Life Company or the owners of the Athene Annuity and Life Company’s Products into consideration in determining, composing or calculating the Index. Morningstar is not responsible for and has not participated in the determination of the prices and amount of the Athene Annuity and Life Company’s Products or the timing of the issuance or sale of the Athene Annuity and Life Company’s Products or in the determination or calculation of the equation by which the Athene Annuity and Life Company’s Products are converted into cash. Morningstar has no obligation or liability in connection with the purchase, administration, marketing or crediting of interest for the Athene Annuity and Life Company’s Products.

Morningstar does not guarantee the accuracy and/or the completeness of the Index or any data included therein and Morningstar shall have no liability for any errors, omissions, or interruptions therein. Morningstar makes no warranty, express or implied, as to results to be obtained by Athene Annuity and Life Company, owners or users of the Athene Annuity and Life Company’s Products, or any other person or entity from the use of the Index or any data included therein. Morningstar makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Morningstar have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

The S&P 500® (the “Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Athene Annuity and Life Company. Standard & Poor’s® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Athene Annuity and Life Company.

Athene Annuity and Life Company’s Products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Athene Annuity and Life Company’s Products particularly or the ability of the S&P 500® to track general market performance. S&P Dow Jones Indices’ only relationship to Athene Annuity and Life Company with respect to the S&P 500® is the licensing of the S&P 500® and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500® is determined, composed and calculated by S&P Dow Jones Indices without regard to Athene Annuity and Life Company or the Athene Annuity and Life Company’s Products. S&P Dow Jones Indices have no obligation to take the needs of Athene Annuity and Life Company or the owners of Athene annuity and Life Company’s Products into consideration in determining, composing or calculating the S&P 500®. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of Athene Annuity and Life Company’s products or the timing of the issuance or sale of Athene Annuity and Life Company’s Products or in the determination or calculation of the equation by which Athene Annuity and Life Company’s products are to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of Athene Annuity and Life Company’s Products. There is no assurance that investment products based on the S&P 500® will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OR MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY ATHENE ANNUITY AND LIFE COMPANY, OWNERS OF THE ATHENE ANNUITY AND LIFE COMPANY’S PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND ATHENE ANNUITY AND LIFE COMPANY, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

Athene Ascent Pro [GEN (09/15) NB, ICC15 GEN (09/15) NB], Athene Ascent 10 Bonus 2.0 [GEN10 (04/14), GEN10 (07/14), GEN10 (09/15), GEN10 (12/15)], Athene Ascent Pro 10 Bonus Select [TBS10 (09/12) SR, TBS10 (04/14) SR, GEN10 (07/14) SR, ICC16 GEN10 (09/15) SR], Athene Ascent Pro 10 Bonus [TBS10 (09/12)] or state variations; Athene Benefit 10 with Enhanced Benefit Rider [GEN10 (04/14),TBS10 (09/12) SR, TBS10 (04/14) SR, TBS10 (09/12) NB, EBR (04/14)]; Athene MYG fixed annuity [MYG (09/15) or state variation]; Athene Performance Elite [GEN10 (04/14), GEN10 (04/14) G, GEN10 (07/14), GEN10 (09/14), ICC14 GEN10 (04/14), TBS10 (9/12), TBS10 (09/12) SR, TBS10 (09/12) SR G, ICC14 TBS10(04/14) SR, GEN10 (07/14) SR, TBS10 (04/14) SR, TBS15 (09/12), TBS15 (09/12) G, TBS15 (09/14), GEN15 (11/14), MVA (07/14), PEPR (11/14), PEPR (11/14) G, ICC15 PEPR (11/14), ICC15 PEPR NMV (11/14)]; TargetHorizon 5 Annuity TBS5 (09/12); TargetHorizon 10 Annuity TBS10 (09/12), TargetHorizon 10 Select Annuity TBS10 (09/12) NB, TargetHorizon 15 Annuity TBS15 (09/12), or state variations; Athene SPIA Single Premium Immediate Annuity [SPIA (06/87)] or state variations are issued by Athene Annuity and Life Company, West Des Moines, IA. Product features, limitations and availability may vary by state; see Certificate of Disclosure for full details. Products not available in all states.

The 3.10%* MYGA Interest Rate Special is Back!

The Latest FIA Product and Commission Updates from FGL

The Latest FIA Product and Commission Updates from FGL

 F&G Annuity Product News
Fidelity & Guaranty Life Changes Commission and GMWB/EGMWB Roll-Up Rates on Fixed Indexed Annuities

Commission will change for FGL’s Safe Income Plus® FIA. Guaranteed Minimum Withdrawal Benefit (GMWB) and Enhanced Guaranteed Minimum Withdrawal Benefit (EGMWB) roll-up rates will also be updated for the Prosperity Elite® series, the FG AccumulatorPlus® series, FG Index-Choice® 10 and the Performance Pro® FIA.

FIA_Product_Updates_8-22-16

Premium received and applications in good order on or before September 29, 2016

will be issued with the current GMWB/EGMWB roll-up rates

• Applications issued on or after September 30, 2016 will receive the new GMWB/EGMWB roll-up rates

For Producer Use Only – Not For Use in Solicitation to Consumers

Form number: API-1018(06-11), ACI-1018(06-11); et al.

“FGL” when used herein refers to Fidelity & Guaranty Life, the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Contracts issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

Commission will change for FGL’s Safe Income Plus® FIA. Guaranteed Minimum Withdrawal Benefit (GMWB) and Enhanced Guaranteed Minimum Withdrawal Benefit(EGMWB) roll-up rates will also be updated for: the Prosperity Elite® series, the FG AccumulatorPlus® series, FG Index-Choice® 10 and the Performance Pro® FIA

North American MYGA Rate Increase 12/6/2016

North American Commission reduction and SPIA Change Effective 9-1-16

North American Commission reduction and SPIA Change Effective 9-1-16

  North American Commission reduction and SPIA Change Effective 9-1-16
  North American is committed to delivering strong consumer value in all our product offerings.  Interest rates have continued to decline and the yield curve has continued to flatten.  As a result of these economic conditions, the Company is making the following changes:  
   NA_1 Commissions are reducing on the following fixed index annuities and multi-year guarantee annuity (MYGA):

  • NAC BenefitSolutions® (14-year only)
  • North American Charter® Plus (14-year only)
  • NAC RetireChoice® (10- and 14-year)
  • HI and PA Only: North American Charter®, North American Precision Series® (14-year only)
  • North American Guarantee ChoiceSM (MYGA, 5-year only)
  • See your updated commission schedule for details and review the state availability chart for products in your state
 
   NA_2 Period certain terms less than 10 years on the North American Income® single premium immediate annuity (SPIA) will temporarily be unavailable.  
  NOTE: New commission rates and SPIA change will apply to applications received in the Home Office on or after September 1, 2016. To receive current rates and SPIA period certain terms, get applications in before September 1, 2016. (For electronic apps/e-App, applications must be electronically submitted and received in the Home Office prior to midnight CDT on August 31, 2016.)

Updated commission schedules will be available on North American’s website by September 1, 2016.

 
FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. Products issued by North American Company for Life and Health Insurance®, West Des Moines, IA. Product features and options may not be available in all states or appropriate for all clients. See product brochures, disclosures and state availability chart for further details, limitations and information on appropriate state variations. The NAC BenefitSolutions®  is issued on form NC/NA1006A (contract/certificate), AE560A, AE561A, AE563A, AE564A, AE565A, AE567A, LR427A and LR433A (riders/endorsements). The North American Charter® Plus is issued on form  NC/NA1007A (certificate/contract), AE576A, AE577A, AE578A, AE580A.PB, AE581A, AE582A, AE583A, AE584A, AE585A, AE586A and AE587A (riders/endorsements). The NAC RetireChoice®  is issued on form LC/LS160A (certificate/contract), LR431A, LR424A-1, LR423A, AE520A, AE533A, AE529A, AE532A, AE531A, AE556A, AE557A, LR433A, AE530A, AE528A, AE511A and LR427A (riders/endorsements). The North American Charter® is issued on form LS156A (contract), LR342A, LR398A and LR445A (riders/endorsements). The North American Precision Series® is issued on form LS155A (contract), LR342A, LR398A, and LR444A (endorsements/riders). The North American Guarantee ChoiceSM is issued on forms NC/NA1000A (certificate/contract) AE515A, AE516A, LR427A, LR433A, LR441A and LR441A-1 (endorsements/riders). The North American Income® annuity is issued on form LS116A.

1. Commission is based on WA Regular schedule and may vary according to the product, client’s issue age, and issue state. See your current commission schedule for further details.

 

North American MYGA Rate Increase 12/6/2016

North American MYGA Rate Decrease 9/1/2016

North American MYGA Rate Decrease 9/1/2016

 North American Guarantee ChoiceSM Multi-Year Guarantee Annuity Rates are decreasing.
  MYGA interest rate decrease effective September 1, 2016

North American Guarantee ChoiceSM Multi-Year Guarantee Annuity (MYGA) interest rates are decreasing as follows:

 
 
Surrender Charge Period1 New High Band Rate Old High Band Rate New Low Band Rate Old Low Band Rate
3-Year 1.30% 1.50% 1.00% 1.20%
4-Year 1.50% 1.70% 1.25% 1.45%
5-Year 2.25% 2.35% 2.00% 2.10%
6-Year 1.90% 2.10% 1.65% 1.85%
7-Year 2.15% 2.35% 1.90% 2.10%
8-Year 2.30% 2.50% 2.10% 2.30%
9-Year 2.40% 2.60% 2.20% 2.40%
10-Year 2.50% 2.70% 2.30% 2.50%
 
  NOTE: New interest rates will apply to applications received in the Home Office on or after September 1, 2016. To receive current rates, get applications in before September 1, 2016. (For electronic apps/e-App, applications must be electronically submitted and received in the Home Office prior to midnight CDT on August 31, 2016.)

Updated rate sheets will be available on our website by September 1, 2016.

 
 FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. Products issued by North American Company for Life and Health Insurance®, West Des Moines, IA. Product features and options may not be available in all states or appropriate for all clients. See product brochures, disclosures and state availability chart for further details, limitations and information on appropriate state variations. The North American Guarantee ChoiceSM is issued on forms NC/NA1000A (certificate/contract) AE515A, AE516A, LR427A, LR433A, LR441A and LR441A-1 (endorsements/riders). 1. A surrender during the surrender charge period could result in a loss of premium. The surrender charge and Interest Adjustment (also known as Market Value Adjustment) reset with renewal. Surrender charge structure may vary by state.

 

 

 

Royal Neighbors of America

UPDATED! Royal Choice Annuity Interest Rates

UPDATED! Royal Choice Annuity Interest Rates

Effective September 1, 2016, the Royal Choice Multi-Year Guarantee Annuity (MYGA) rates will change.

UPDATED! Royal Choice Annuity Interest Rates

Effective September 1, 2016, the Royal Choice Multi-Year Guarantee Annuity (MYGA) rates will change. Please review the new rates below for ALL rate changes.
ANNUITY INTEREST RATES as of 9/1/2016*
  Rate as of 9/1/2016* Current Rate Minimum Guaranteed Rate**
Royal Choice Annuity 5-year 2.10% 2.20% 1.00%
Royal Choice Annuity 7-year 2.50% 2.60% 1.00%
Royal Choice Annuity 10-year 2.65% 2.75% 1.00%
Royal Choice Annuity 5-year for CA 1.85% 1.95% 1.00%
Royal Choice Annuity 7-year for CA 2.25% 2.35% 1.00%
Royal Choice Annuity 9-year for CA 2.40% 2.50% 1.00%

 

*Rates are subject to change. Rates are for the Initial Guarantee Period.

**The Minimum Guaranteed Credited Interest Rate (Minimum Non-forfeiture Rate) is established on the Issue Date and will not change for the life of the contract.

New interest rates will apply to applications received in the Administrative Office on or after Thursday, September 1, 2016. To receive current interest rates, applications must be received in the Administrative Office on or before Wednesday, August 31, 2016. Applications may be faxed to 844-348-1239, emailed to RoyalNeighbors@aiasvcs.com, or mailed to P.O. Box 14209, Clearwater, FL 33766-4209; overnight address is 2650 McCormick Drive, Clearwater, FL, 33759. Pending rollover and/or transfer paperwork received in the Administrative Office on or before Wednesday, August 31, 2016 must have funds received on or before Thursday, October 27, 2016 in order to receive the current rates.

2978-R; Rev. 8-2016                                     For agent use only. Not for use with the general public.

EquiTrust Life Insurance Company

EquiTrust Certainty Select® Multi-Year Guarantee Annuity Increase Effective 8/18/16

EquiTrust Certainty Select® Multi-Year Guarantee Annuity  Increase Effective 8/18/16

Rate Increase! 3% for 8 Years! Certainty Select MYGA

EquiTrust Certainty Select® Multi-Year Guarantee Annuity Increase Effective 8/18/16

2.75% FOR 6 YEARS 3.00% FOR 8 YEARS 3.25% FOR 10 YEARS

EquiTrust Certainty Select® Multi-Year Guarantee Annuity  Increase Effective 8/18/16

  • Available to applicants ages 0-90 • Nursing home waiver rider, applicant ages 0-80 (not available in MA) • Full Accumulation Value at Death • Available in 49 states Competitive Rates!
3 Years 1.80%
5 Years 2.50%
6 Years 2.75%
8 Years 3.00%
10 Years 3.25%

Current rates as of 8/18/16.

To see the current rates on the Agent Website, click here

Reminder: Certainty Select Pays Renewal Commissions! The 1% renewal commission applies to renewal of the guarantee period for in-force contracts for all Certainty or Certainty Select contracts – all issue dates! Renewal commissions are paid to agents with active EquiTrust contracts at the time of renewal.*

Competitive rates combined with the safety offered during these uncertain times make Certainty Select a compelling product for your clients – and for you!

Renewal Commissions paid only for guarantee periods of 3, 5, 6, 8, or 10 years. The initial rate guarantee period is 3, 5, 6, 8, or 10 years. Initial rate subject to change. Surrender charges are in effect for partial withdrawals in excess of the Free Withdrawal Amount or a full surrender before the end of the Guarantee Period. Surrender charges are a percentage of the Accumulation Value, and decline annually: 10, 10, 9, 9, 8, 8, 7, 7, 6, 5%. The Surrender Charge period matches the Guarantee Period. Surrender Charges may vary by state. Product features may vary by state. Contract issued on Contract Form Series ET-MYG-2000(06-09) or ICC13-ET-MYG-2000(07-13). EquiTrust Life Insurance Company, West Des Moines, IA. For Producer Use Only. IC16-ECN-1055

 

Sentinel Secuirity Life Logo

Sentinel Security Life Annuity Rate Adjustment – Effective 08/15/2016

Sentinel Security Life Annuity Rate Adjustment – Effective 08/15/2016

SSentinel Security Life Annuity Rate Adjustment - Effective 08/15/2016

Sentinel Security Life Annuity Rate Adjustment – Effective 08/15/2016

Effective August 15, 2016, the rates for our MYGA 5-year and 7-year annuities will decrease by 10 basis points.  Additionally, our MYGA 10-year annuity rates will decrease by 20 basis points. To download an updated Annuity Rate Sheet, please see below.

Important Dates to Remember 

  • August 14, 2016: Date applications must be signed to receive current rates. Applications must be signed before or on August 14, 2016 to receive the current crediting rates.
  • August 15, 2016: Date when new crediting rates take effect. Any application signed on or after August 15, 2016 will receive the new crediting rates.
  • August 19, 2016: Date application must be received in Home Office to receive current rates. Applications signed before or on August 14, 2016 must be received in the Home Office by August 19, 2016 to receive the current crediting rates. We will accept faxed or e-mailed applications on August 19, 2016.

New Business E-mail: newbusiness@insadminservices.com

New Business Fax: 1-888-433-4795

  • September 30, 2016: Date 45-rate lock ends. All transfer and exchanges for any application signed on August 14, 2016 or earlier must be completed by September 30, 2016 in order to receive the current crediting rates.

Sentinel Interest Rates rev_8-15-16

Choice Series and MYGA Rate Adjustments

Choice Series and MYGA Rate Adjustments Effective August 5, 2016

Choice Series and MYGA Rate Adjustments Effective August 5, 2016

Choice Series and MYGA Rate Adjustments Effective August 5, 2016

American Equity’s Choice Series and MYGA rates will change on August 5, 2016. To receive the current rates, original applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45PM CT on Thursday, August 4, 2016. Transfer funds must be received in our office by 1:00PM CT on Friday, September 2, 2016. Transfer funds received after Friday, September 2, 2016 will receive the new rates as indicated below. NO EXCEPTIONS!

Choice Series Rates:

Choice 10 CURRENT RATES NEW RATES
INTEREST CREDITING STRATEGIES Fixed Value 2.25% 2.00%
Annual PTP – Cap 5.00% 4.25%
Annual PTP – PR 40% 35%
Monthly PTP – Cap
2.00% 1.90%
Volatility Control Index w/Spread* 0.75% 1.00%

 

Choice 8 CURRENT RATES NEW RATES
INTEREST CREDITING STRATEGIES Fixed Value 2.05% 1.90%
Annual PTP – Cap 4.75% 4.10%
Annual PTP – PR 40% 35%
Monthly PTP – Cap
1.90% 1.80%
Volatility Control Index w/Spread* 1.00% 1.25%

 

Choice 6 CURRENT RATES NEW RATES
INTEREST CREDITING STRATEGIES Fixed Value 1.90% 1.80%
Annual PTP – Cap 4.50% 4.00%
Annual PTP – PR 35% 30%
Monthly PTP – Cap
1.80% 1.70%
Volatility Control Index w/Spread* 1.25% 1.50%

 

MYGA Rates:

Guarantee Series Current Rate New Rate
Guarantee 5 2.25% 2.15%
Guarantee 6 2.45% 2.35%
Guarantee 7 2.70% 2.50%

LIBR Adjustments Effective August 25, 2016

All versions of the Choice Series Lifetime Income Benefit Rider payout factors will be adjusted effective August 25, 2016. Additionally, the Multiplier on the Choice Series Lifetime Income Benefit Rider with Indexing Income Option will increase. To receive current payout factors and the current Multiplier, original applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45PM CST on Wednesday, August 24, 2016. Applications received Thursday, August 25, 2016 and after will receive new payout percentages. NO EXCEPTIONS!

Payout factors will decrease by 25bps for all ages. Please see table below for examples of the new payout percentages for ages 60, 65 and 70.

Age Current Single Life Payout Percentage New Single Life Payout Percentage Current Joint Life Payout Percentage New Joint Life Payout Percentage
60 4.50% 4.25% 4.00% 3.75%
65 5.00% 4.75% 4.50% 4.25%
70 5.50% 5.25% 4.85% 4.60%

Choice Series Lifetime Income Benefit with Indexing Income

Current IAV Multiplier New IAV Multiplier
Indexing Income Option 200% 220%

Thank you for your business and support! Please call Marketing at 888-661-1999 if you have any questions.

*Spread is the same as Asset Fee as described in the Contract. Annuity and Riders issued under form series ICC14 IDX8, ICC13 MYGA, ICC14 R-LIBR, 14 R-LIBR-W,ICC16R-LIBR-IDX and state variations thereof. Availability may vary by state.

Introducing Our Newest Annuity - Safe Anchor Market Guarantee

Atlantic Coast Life Annuity Rate Decrease Effective 08/09/2016

Atlantic Coast Life Insurance Company LogoAtlantic Coast Life Annuity Rate Decrease Effective 08/09/2016

Effective August 9, 2016, the rates for Safe Haven and Safe Harbor 5, 6, and 7-year annuities will decrease by 15 basis points. Additionally, 10-year annuity rates will decrease by 20 basis points. New Interest Rate Sheet is at the bottom of this post.

Important Dates to Remember 

  • August 8, 2016: 

 

Date applications must be signed to receive current rates.  

Applications must be signed before or on August 8, 2016 to receive the current crediting rates.

  • August 9, 2016: 

 

Date when new crediting rates take effect.

Any application signed on or after August 9, 2016 will receive the new crediting rates.

  • August 15, 2016: 

 

Date application must be received in Home Office to receive current rates.

Applications signed before or on August 8, 2016 must be received in the Home Office by August 15, 2016 to receive the current crediting rates. We will accept faxed or e-mailed applications on August 15, 2016.

New Business E-mail: acl.newbusiness@insadminservices.com

New Business Fax: 1-888-433-4795

  • September 23, 2016: 

 

Date 45-rate lock ends.

All transfer and exchanges for any application signed on August 8, 2016 or earlier must be completed by September 23, 2016 in order to receive the current crediting rates.

ACL-Rates-8-1-16