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Atlantic Coast Life – Annuity Rate decrease Effective 7/01/2017

Atlantic Coast Life – Annuity Rate decrease Effective 7/01/2017

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

  • June 30, 2017 – Date application must be signed to receive current interest rates and indexing strategy caps. Applications must be signed by June 30, 2016 or before to receive the current interest rates.
  • July 1, 2017 – Date when new interest rates and indexing strategy caps takes effect. Any application signed on July 1, 2017 and later will receive the new interest rates.
  • July 7, 2017 – Date application must be received in the Home Office to receive current interest rates and indexing strategy caps. Applications signed by June 30, 2017 or earlier must be received in the Home Office on July 7, 2017 to receive the current interest rates. We will accept faxed or emailed applications on July 7, 2017. New Business Email: acl.newbusiness@insadminservices.com

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.

ACL-Rates-7-1-17

Sentinel Secuirity Life Logo

Sentinel Security Life Annuity Rate decrease Effective 7/01/2017

Sentinel Security Life Annuity Rate decrease Effective 7/01/2017

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

  • June 30, 2017 – Date application must be signed to receive current interest rates and indexing strategy caps. Applications must be signed by June 30, 2016 or before to receive the current interest rates and indexing strategy caps.
  • July 1, 2017 – Date when new interest rates and indexing strategy caps takes effect. Any application signed on July 1, 2017 and later will receive the new interest rates and indexing strategy caps.
  • July 7, 2017 – Date application must be received in the Home Office to receive current interest rates and indexing strategy caps. Applications signed by June 30, 2017 or earlier must be received in the Home Office on July 7, 2017 to receive the current interest rates and indexing strategy caps. We will accept faxed or emailed applications on July 7, 2017. New Business Email: newbusiness@sslco.com

 

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.

Sentinel Interest Rates rev_7-1-17

The 3.10%* MYGA Interest Rate Special is Back!

The 3.10%* MYGA Interest Rate Special is Back!

The 3.10%* MYGA Interest Rate Special is Back!

Fidelity & Guaranty Life Insurance Company Logo

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!

  • Full accumulation value at death
  • RMD friendly
  • Nursing Home Rider
  • Terminal Illness Rider

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

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Census Bureau Starts Annuity Stream

Census Bureau Starts Annuity Stream

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