Atlantic Coast Life – Annuity Rate decrease Effective 7/01/2017
Based on current market conditions Atlantic Coast Life is lowering the crediting rates on the Safe Haven and Safe Harbor Bonus Guarantee Annuities. Effective July 1, 2017, the 5, 6, 7, 10, and 20-year rates will be reduced by 10 bps. Important Dates to Remember
New Business Fax: 888-433-4795
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Personal Choice – MYGA Rate Adjustment Effective 07/01/2017
Based on current market conditions we are lowering the crediting rates on the Sentinel Personal Choice Annuity. Effective July 1, 2017, the 5-year, 7-year and 10-year rates will be reduced by 10 bps.
Summit Bonus Index – Indexing Strategy Caps Adjustment
Effective 07/01/2017
Based on current market conditions, we are lowering the indexing strategy caps on the Summit Bonus Index effective July 1, 2017.
Important Dates to Remember
New Business Fax: 888-433-4795
August 14, 2017 – Date 45-day rate lock ends. All transfers and exchanges for any application signed on June 30, 2017 or earlier must be completed by August 14, 2017 in order to receive the current interest rates and indexing strategy caps.
The 3.10%* MYGA Interest Rate Special is Back!
Back by Popular Demand – 3.10% MYGA Interest Rate
Fidelity & Guaranty Life’s FG Guarantee-Platinum single premium fixed deferred annuity with a five-year guarantee period will increase to 3.10%. The 3.10% enhanced rate offers the following to your clients, all at no cost!
This higher rate is back on June 15, 2017 and will also be available in California and New Jersey.
Please click below for details. You can also visit the MYGA Wiki or contact us directly at 888-661-1999 with any additional questions
Census Bureau Starts Annuity Stream
By Allison Bell – ThinkAdvisor – June 2, 2017
Only 4.6% of U.S. households have annuities or trusts, but they had an average of $180,271 in annuity and trust assets each, and the median value of trust and annuity assets was $60,000 nationwide. The Census Bureau published those figures Thursday in the first batch of a major new stream of annuity, trust and cash-value life insurance data, comprised in two new columns added to the Survey of Income and Program Participation net worth table Excel spread sheets. In addition to giving information about annuity and trust assets, the newest net worth tables provide detailed information about many other types of household assets, including home equity, checking accounts, retirement accounts, educational savings accounts and cash-value life insurance.
ARTICLE based on CENSUS DATA
