Entries by Neal LaPierre
Memorial-Day Observance – our offices will be closed Monday, May 25th.
The Life and Annuity Shop Staff honors and remembers the heroes who sacrificed in the service and protection of our country. In observance of Memorial Day, our offices will be closed Monday, May 25th. We will resume normal business hours Tuesday, May 26th.
Impress/Reassure Clients During Pandemic
Impress/Reassure Clients During Pandemic By Bryce Sanders – InsuranceNewsNet – March 27, 2020 You sell insurance. The stock market has been falling. People around the nation are uneasy and confused. That little voice says “Not my problem.” Wrong. Your clients’ problems are your problems; you care about your clients. How can you be there for […]
COVID-19 Update 3/25/20
Work from home transition We continue to actively monitor the spread of COVID-19 and we successfully have 60% of our employees working from the safety of their homes. As we make the final push to get our remaining employees to work from home, we will be transitioning our remaining employees today 3/25/20 and tomorrow 3/26/20. […]
Message regarding our Coronavirus Response
At The Life and Annuity Shop, LLC., the safety, health and well-being of our community, agent partners, and associates is our top priority. Like you, we are closely monitoring the quickly developing effects of the Coronavirus (COVID-19) pandemic, and adapting the way we do business accordingly. As COVID-19 continues to evolve and spread throughout the […]
IRS Delays Tax Payment Deadline for 90 Days
IRS Delays Tax Payment Deadline for 90 Days March 18, 2020 by Melanie Waddell Treasury Secretary Steve Mnuchin announced Tuesday that individuals would be allowed to defer up to $1 million in tax payments for up to 90 days. He also said the administration was considering sending checks to Americans. “We encourage those Americans who […]
ECHOES OF 2008: ANNUITIES SURGE WHEN EQUITIES CRASH
ECHOES OF 2008: ANNUITIES SURGE WHEN EQUITIES CRASH March 18, 2020 by Steve Morelli The past few weeks of dramatic news might sound eerily similar to the 2008 crash, but there are some key differences for annuities, as well as some positive similarities. Click HERE to read the full story via INN ………………………………………………………………………………… Sheryl Moore, […]
5.7-magnitude earthquake strikes near Salt Lake City, state’s largest quake since 1992
The quake was reported shortly after 7 a.m. local time. By Emily Shapiro March 18, 2020, 10:10 AM Originally posted on abcnews.go.com Continue reading We normally don’t post news like this but this will affect several of our carriers that are headquartered in Salt Lake City UT. Namely, Atlantic Coast Life, Sentinel Security Life and […]
Interest Rate Alert
Dear Valued Producer, I wanted to make sure all of you are aware of the dramatic recent changes in the financial markets, especially the bond market. The yield on the 10 year treasury has been declining for the last month but the decreases in yields have really accelerated over the past 5 days. • On […]
AM Best Assigns Credit Ratings to Oceanview Life and Annuity Company and Oceanview Reinsurance Ltd.
AM Best Assigns Credit Ratings to Oceanview Life and Annuity Company and Oceanview Reinsurance Ltd. Originally Posted On Businesswire.com November 13, 2019 04:57 PM Eastern Standard Time OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Oceanview Life and Annuity Company […]
AM Best Upgrades Credit Ratings of Equitable Life & Casualty Insurance Company
October 03, 2019 03:16 PM Eastern Daylight Time OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to “bbb-” from “bb+” of Equitable Life & Casualty Insurance Company (Equitable) (Salt Lake City, UT). The outlook of these Credit Ratings (ratings) has been […]
July 4th Holiday Office Hours
The Life and Annuity Shop, LLC. Wishes everyone a safe and happy Independence Day! In observance of this holiday, our offices will be closed on July 4th and 5th.
Memorial-Day Observance – our offices will be closed Monday, May 25th.
The Life and Annuity Shop Staff honors and remembers the heroes who sacrificed in the service and protection of our country. In observance of Memorial Day, our offices will be closed Monday, May 25th. We will resume normal business hours Tuesday, May 26th.
AM Best Upgrades Credit Ratings of Insurance Subsidiaries of Nassau Insurance Group Holdings, L.P.
May 01, 2019 03:38 PM Eastern Daylight Time OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating (FSR) to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb-” from “bb+” of Nassau Life Insurance Company and PHL Variable Insurance Company, collectively known as Nassau Insurance Group. Concurrently, AM Best […]
AM Best Revises Outlooks to Positive for Investors Heritage Life Insurance Company
May 2, 2019 by A.M. Best Oldwick – AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Investors Heritage Life Insurance Company (IHLIC) (Frankfort, KY), which is subsidiary of Aquarian Investors Heritage Holdings LLC (Aquarian). […]
Investors Heritage MYGA Rates are Dropping January 26th
IMPORTANT INFORMATION Investors Heritage Life Insurance Company – HERITAGE BUILDER ANNUITY On January 26th the Heritage Builder 3, 5 and 7-year annuity rates will be reduced as follows: 3 Year 2.90% 5 Year 3.50% 7 Year 3.60% The current rate will be honored on all applications dated on or before January 25th […]
Bankers Life will suspend all new sales of BLIC products effective October 1, 2018
Bankers Life will suspend all new sales of BLIC products effective October 1, 2018 Important Field Announcement Click here for the original Field Announcement Originally received via email on Thu 9/27/2018 10:46 PM Dear Valued Agents, As you know, just over 18 months ago Bankers Life Insurance Company became part of Global Bankers Insurance […]
A-CAP and Saybrus Partners Launch New Thematic Indexed Annuity Based on the Goldman Sachs Motif Aging of America Dynamic Balance Index
A-CAP and Saybrus Partners Launch New Thematic Indexed Annuity Based on the Goldman Sachs Motif Aging of America Dynamic Balance Index September 7, 2018 by A-CAP and Saybrus Partners NEW YORK–(BUSINESS WIRE)–A-CAP and Saybrus Partners today announced the launch of Retirement Plus Multiplier Annuity, a single premium fixed indexed annuity. The annuity is the latest […]
The Life and Annuity Shop – Labor Day Weekend Holiday Hours
The Life and Annuity Shop Office will close at 1:00pm EST this Friday, August 31st and remain closed on Monday, September 3rd in observance of Labor Day. We will return to normal business hours on Tuesday, September 4th. Have a wonderful holiday weekend!
It’s official: DOL fiduciary rule is dead
The 5th Circuit Court of Appeals issued a mandate Thursday making its March 15 decision to strike down the regulation effective By Mark Schoeff – InvestmentNews – June 21, 2018 After a long delay, the U.S. Fifth Circuit Court of Appeals confirmed Thursday a March decision to strike down the Labor […]
Consumers Comfortable, Yet Terrified Of Risk
Consumers Comfortable, Yet Terrified Of Risk Could an annuity help soothe those anxious consumers? By Cyril Tuohy – InsuranceNewsNet – June 12, 2018 Americans seem more comfortable with market volatility, but recoil at the thought of a downturn that could devastate their retirement savings, a new survey has found. Can these contradictory strands really exist […]
SEC fiduciary rule … is not a fiduciary rule
SEC fiduciary rule … is not a fiduciary rule By Kenneth Corbin – FinancialPlanning – April 20, 2018 For years, the common shorthand in describing any SEC move to set new regulations for brokers was a “uniform fiduciary standard” that would “harmonize” the rules for broker-dealers and investment advisors. Nearly a decade after the debate […]
What’s Next for the DOL Fiduciary Rule?
What’s Next for the DOL Fiduciary Rule? March 16, 2018 by John Hilton The Department of Labor fiduciary rule does not exist anymore after a late-Thursday court ruling. That court decision opens the door for the Securities and Exchange Commission and state insurance departments to take over rulemaking. The Fifth Circuit Court of Appeals’ 2-1 […]
Gibson Dunn: No ‘Circuit Split’ on DOL Rule; Decision Applies Nationwide
Gibson Dunn: No ‘Circuit Split’ on DOL Rule; Decision Applies Nationwide March 20, 2018 by Nick Thornton Gibson Dunn, the law firm that successfully argued to vacate the Labor Department’s fiduciary rule before the U.S. Court of Appeals for the 5th Circuit, says the 2-to-1 decision in favor of industry opponents of the rule applies “nationwide.” […]
DOL Fiduciary Rule Struck Down by Appeals Court
DOL Fiduciary Rule Struck Down by Appeals Court March 16, 2018 by Melanie Waddell The U.S. Court of Appeals for the 5th Circuit voted 2-1 Thursday to vacate the Labor Department’s fiduciary rule. The nine plaintiffs in the 5th Circuit case included the U.S. Chamber of Commerce, the Securities Industry and Financial Markets Association and […]
A.M. Best Upgrades Credit Ratings of Guaranty Income Life Insurance Company
November 1, 2017 by Best’s News Service FOR IMMEDIATE RELEASE OLDWICK – NOVEMBER 01, 2017 A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb-” for Guaranty Income Life Insurance Company (Guaranty) (Baton Rouge, LA). The outlook of these […]
Sentinel Security Life Annuity Rate increase Effective 11/01/2017
Personal Choice – MYGA Rate Increase Effective 11/01/2017 MYGA crediting rates for all guarantee periods will increase by 10 bps effective November 1, 2017! To view updated rates, please download a copy of the current Rate Sheet below. These new rates will be applied to all contracts issued on or after 11/01/2017 regardless of the date […]
Atlantic Coast Life – Annuity Rate increase Effective 11/01/2017
Atlantic Coast Life – Annuity Rate increase Effective 11/01/2017 Safe Harbor and Safe Haven Rate Increase – Effective November 1, 2017 We are excited to announce that our Safe Harbor and Safe Haven crediting rates for all guarantee periods will increase by 10 bps effective November 1, 2017! To view our updated rates, please download […]
A.M. Best Upgrades Credit Ratings of Atlantic Coast Life Ins. Co.; Affirms Credit Ratings of Sentinel Security Life Ins. Co.
October 31, 2017 by Best’s News Service FOR IMMEDIATE RELEASE OLDWICK – OCTOBER 03, 2017 A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb-“ of Atlantic Coast Life Insurance Company (ACLI) (Charleston, SC). Additionally, A.M. Best has […]
Where to Turn When Bonds Aren’t the Investment They Used to Be
Where to Turn When Bonds Aren’t the Investment They Used to Be October 24, 2017 by Andrew M. Costa Bonds have long been viewed as a great alternative for people who were in search of a good—and relatively conservative—investment. They provided a nice way to balance the portfolio, so that a steep drop in the […]
Summit Bonus Index Annuity Available in More States – Effective 10/23/17
Summit Bonus Index Annuity Available in More States – Effective 10/23/17 We are excited to announce the expansion of Sentinel Security Life Insurance Company’s Summit Bonus Index annuity product into additional states! The following states are set to release on 10/23/2017; AR, AZ, CO, GA, HI, ID, IA, KS, MN, MT, NE, NV, NM, ND, […]
Our Office will be CLOSED Monday and Tuesday Sept 11th and 12th due to Hurricane Irma
Due to Hurricane Irma, the safety of our staff and their families is our top priority. For this reason, Our office will be closed on Monday and Tuesday Sept 11th and 12th. We will re-open Wednesday September 13th albeit with a reduced staff as some of our staff is still dealing with the effects of the […]
Our Office will be CLOSED Friday, Sept 8 due to Hurricane Irma
As Hurricane Irma approaches Florida, the safety of our staff and their families is our top priority. For this reason, Our office will be closed on Friday, Sept. 7. Our Disaster Response Team will continue to monitor the path of the hurricane. This may result in our office being closed on Monday September 11, 2017 […]
Labor Day Observance – Office Closed Monday, September 4th
In observance of Labor Day, Our offices will be closed at 1:00 PM Eastern on Friday, September 1st, and will reopen Tuesday, September 5th. Please have a fun and safe holiday. Thank you for your business! For assistance, please call us 888-661-1999
OMB Approves 18-Month Fiduciary Rule Delay, With ‘Change’
AUGUST 29, 2017 Originally published by ThinkAdvisor. The delay must now be finalized by Labor Department The Office of Management and Budget approved on Monday the 18-month delay for the more onerous provisions of the Labor Department’s fiduciary rule. The OMB approval, which usually takes 90 days, took less than a month. The office listed its action as […]
DOL Seeks 18-Month Delay of Fiduciary Rule
DOL Seeks 18-Month Delay of Fiduciary Rule By John Hilton – InsuranceNewsNet – August 9, 2017 The Department of Labor moved today to delay phase two of the controversial Obama-era fiduciary rule by 18 months. Documents (ß Notice of Administrative Action)were filed today with the Office of Management and […]
Who Is Winning With the Fiduciary Rule? Wall Street
Who Is Winning With the Fiduciary Rule? Wall Street For now, the rule is setting money in motion By Lisa Beilfuss – The Wall Street Journal – August 11, 2017 The brokerage business fiercely fought the new retirement advice rule. But so far for Wall Street, it has […]
Introducing Our Newest Annuity – Personal Choice Plus+
Personal Choice Plus+ Annuity We are excited to announce the addition of our most customizable annuity to our Sentinel Security Life product family! Introducing the Personal Choice Plus+ Annuity – a balanced hybrid of a traditional MYGA and FIA. This product offers both flexible riders and four indexing options directly tied to the S&P 500. Strong fixed index rate […]
