Entries by Neal LaPierre

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. […]

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, […]

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 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 […]

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 […]

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 […]

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 […]

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 […]

Introducing Our Newest Annuity – Safe Anchor Market Guarantee

Safe Anchor Market Guarantee We are excited to announce the addition of our most customizable annuity to our Atlantic Coast Life product family! Introducing the Safe Anchor Market Guarantee 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 […]

Best interest is in the eye of the beholder…

Best interest is in the eye of the beholder in debate over DOL fiduciary rule July 18, 2017 by Mark Schoeff Jr. The term “best interest” is subjective it seems in the debate over the Labor Department’s fiduciary rule. The phrase is used by both critics and supporters of the measure to describe what they’re […]

The Ultimate DOL Fiduciary Technology System

AmeriLyzer_LAS (3) You can count on The Life and Annuity Shop to provide one-stop shopping for making Department of Labor (DOL) Fiduciary Rule compliant sales. Regardless of the DOL’s actions, we are committed to helping Agents uncover more assets, offer more client services and make recommendations in the client’s best interest. We are your strategic partner. […]