Entries by Neal LaPierre

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. […]

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 […]

The 3.10%* MYGA Interest Rate Special is Back!

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 […]

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 […]

Acosta Declines to Extend Delay of DOL Fiduciary Rule

Acosta Declines to Extend Delay of DOL Fiduciary Rule Labor Secretary finds no legal basis to delay implementation; rule to become applicable June 9 By Mark Schoeff – InvestmentNews – May 23, 2017  Labor Secretary Alexander Acosta confirmed Monday night that the agency’s fiduciary rule will become applicable on June 9.  “We have carefully considered […]

House committee approves Dodd-Frank replacement bill that includes repeal of DOL fiduciary rule

The Financial CHOICE Act also makes substantial changes affecting many regulators, including the Securities and Exchange Commission By Hazel Bradford – InvestmentNews – May 5, 2017 A replacement for much of the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by the House Financial Services Committee on Thursday. The vote was 34-26 along party […]

Industry groups tell Acosta to make extension of DOL fiduciary rule delay his first order of business

Senate approves Trump’s nominee as DOL secretary, 60-38 By Mark Schoeff – InvestmentNews – Paril28, 2017 Financial industry groups wasted no time telling Alexander Acosta what his first priority should be upon winning confirmation from the Senate as secretary of Labor Thursday night: Extend the delay of the DOL fiduciary rule. Mr. Acosta takes the […]

Fiduciary rule delayed by 60 days

Fiduciary rule delayed by 60 days Fiduciary rule delayed by 60 days By Andrew Welsch – FinancialPlanning – April 5, 2016 The Department of Labor has delayed the implementation of the fiduciary rule by 60 days, according to filing in the Federal Register. The move comes after Labor Department in February proposed a delay after President […]

DOL fiduciary delay final rule expected to be released Wednesday

DOL fiduciary delay final rule expected to be released Wednesday Agency pushes back implementation date just before April 10 deadline By Mark Schoeff – InvestmentNews – April 4, 2017 It looks as if the implementation delay for the Department of Labor’s fiduciary rule will be approved just under the wire. In a letter filed with […]

DOL: We Won’t Enforce Fiduciary Rule While Delay is Undecided

DOL: We Won’t Enforce Fiduciary Rule While Delay is Undecided By John Hilton – InsuranceNewsNet – March 13, 2017 The Department of Labor issued a bulletin Friday alerting the financial services industry that it will not pursue strong enforcement of its fiduciary rule in the short term.  The bulletin was issued to clear up confusing over […]

SEC Chief Rips Into DOL Fiduciary Rule

  SEC Chief Rips Into DOL Fiduciary Rule By Kenneth Corbin – OnWallStreet – March 3, 2017 ASHINGTON ― The acting SEC chair isn’t mincing words on the Department of Labor’s fiduciary rule.  “I have a very nuanced view of the DoL fiduciary duty rule: I think it is a terrible, horrible, no-good, very bad […]

Labor Department proposes to halt fiduciary rule, in win for brokers

By MARIANNE LEVINE and PATRICK TEMPLE-WEST http://www.politico.com  03/01/17 02:18 PM EST Labor Department proposes to halt fiduciary rule, in win for brokers The Labor Department on Wednesday took the first step toward handing financial companies a victory in their effort to eliminate a controversial conflict-of-interest rule for brokers who offer retirement investing advice to customers. The department proposed to delay […]

Global Atlantic-Accelerate your earnings potential!

Global Atlantic-Accelerate your earnings potential! AGENT BONUS PROGRAM FOR SELECT ANNUITIES Effective for applications received 2/21/2017 through 3/31/2017. Accelerate your earnings potential with a 1% commission bonus on sales from February 21, 2017 through March 31, 2017. In addition to your regularly scheduled point of sale commissions, we’re providing a 1% bonus on sales of: […]

Equitrust Commission Special!

Equitrust Commission Special! Earn an Additional $500 Cash On EACH $50,000-Premium Annuity Sale! No Limit! This year, when March rolls around…think EquiTrust! For each annuity sale of $50,000 premium or more, you will earn an additional $500 commission special Madness Rules • Applies to applications received at EquiTrust between March 1 and   March 31, […]