Entries by The Life and Annuity Shop

Atlantic Coast Life Insurance Company Important Announcement 2/13/2017

Atlantic Coast Life Insurance Company Important Announcement 2/13/2017 IMPORTANT ANNOUNCEMENT Dear Producers and Marketing Partners, 2016 marked an important milestone for Atlantic Coast Life, as it was the first year we entered the fixed annuity market with the Safe Harbor and Safe Haven multi-year guarantee (MYG) annuities. With your help, first year sales exceeded $200 […]

The 3.10%* MYGA Interest Rate Special is Here!

The 3.10%* MYGA Interest Rate Special is Here! The MYGA 3.10%* Interest Rate Special is Here! The FG Guarantee-Platinum® 5 Interest Rate Special is Now Available Get more for your clients with 3.10% for 5 years! Act now – this competitive interest rate will only be offered for a limited time with FGL’s Guarantee-Platinum® 5 […]

F&G MYGA Special Interest Rate to End Friday 12-16-16

F&G MYGA Special Interest Rate to End Friday 12-16-16 Effective Friday, December 16, the special 3.10%* interest rate on our FG Guarantee-Platinum® 5 single premium fixed deferred traditional annuity will end. Please click below for more information. You can also visit MYGA Wiki or contact us directly at 888-661-1999 with any additional questions. FIND OUT MORE

Guggenheim Life Annuity Rates are increasing for December

Guggenheim Life Annuity Rates are increasing for December What’s New? All Preserve Multi-Year Guaranteed Annuity rates are increasing for the month of December with the exception of the 3-year guaranteed period! *Interest rates as stated are effective as of 12/1/2016 and are subject to change in the future at the discretion of the company. For more […]

North American MYGA Rate Increase 12/6/2016

North American MYGA Rate Increase 12/6/2016     MYGA interest rate increase effective December 6, 2016 North American Guarantee ChoiceSM Multi-Year Guarantee Annuity (MYGA) interest rates are increasing as follows:       Surrender Charge Period1 New High Band Rate Old High Band Rate New Low Band Rate Old Low Band Rate 3-Year 1.60% 1.30% […]

Oxford Life Increased Annuity Rates effective 11-15-16

Oxford Life Increased Annuity Rates effective 11-15-16 11-15-16_oxford_allannuityrates 1 Rate based on $20,000 or more in premium for the initial guaranteed period. Interest rates effective 11-15-2016 and are subject to change. Call for current rates.The Oxford Life Multi-SelectTM annuity is issued by Oxford Life Insurance Company. A comprehensive description of the policy benefits, costs, exclusions, […]

The Interest Rate Special from Fidelity & Guaranty Life is Around the Corner

  The Interest Rate Special from Fidelity & Guaranty Life is Around the Corner The 3.10% Interest Rate Special on FG Guarantee-Platinum® 5 Starts on November 28, 2016 For a limited time, Fidelity & Guaranty Life’s FG Guarantee-Platinum single premium fixed deferred annuity with a five-year guarantee period will increase to 3.10%* – initial guarantee period. Due […]

The DOL Issues Fiduciary Rule FAQ

The DOL Issues Fiduciary Rule FAQ WASHINGTON, D.C. — Today the DOL issued its first set up FAQs today. The Department of Labor published an wide-ranging FAQ, based on input received from the financial services industry and others with questions about the new, stricter fiduciary standard to be applied starting next year. The 21-page FAQ addresses […]

Atlantic Coast Life Annuity Rate Increase Effective 10/24/2016

Atlantic Coast Life Annuity Rate Increase Effective 10/24/2016 MYGA Annuity crediting rates are increasing effective October 24, 2016! To view updated rates, please download a copy of the Annuity Rate Sheet below. These new rates will be applied to all contracts issued on or after 10/24/16 regardless of the date the application was received.  acl-rates-10-24-16 […]

4 versions of the Best Interest Contract Exemption

4 versions of the Best Interest Contract Exemption Alternative forms of the DOL fiduciary rule’s BIC exemption that apply to advisory, brokerage and insurance firms By Nick Thornton – LifeHealthPro – October 21, 2016 During a comprehensive presentation on the Department of Labor’s fiduciary rule, attorney Marcia Wagner called the regulation “the most significant and groundbreaking […]

FGL FIAs Now Available in MN, OR, PA and WA

  FGL FIAs Now Available in MN, OR, PA and WA FGL’s Performance Pro and Safe Income Plus Fixed Indexed Annuities Are Now Available in MN, OR, PA and WA Both FIAs are ten-year products that offer vesting premium bonuses if the optional Guaranteed Minimum Withdrawal Benefit (GMWB) rider is elected.* The vesting premium bonus is […]

DOL Fiduciary Rule Update

DOL Fiduciary Rule Update DOL Fiduciary Rule Update The Department of Labor Fiduciary Rule’s implementation date is rapidly approaching with portions of the rule going into effect April 10, 2017; with the full implementation of the rule being effective January 1, 2018. While many advisors already act in their client’s best interest, this Rule makes […]

FGL FIAs in Florida Now Offer the EGMWB Rider

FGL FIAs in Florida Now Offer the EGMWB Rider Fixed Indexed Annuities in Florida Now Offer the EGMWB* Rider Effective with the October 8, 2016 buy date, the following FIAs sold in Florida will offer the optional EGMWB* rider (not the GMWB Rider): Performance Pro® Safe Income Plus ® FG Retirement Pro® Please click below […]

Sentinel Security Life Annuity Rate Adjustment – Effective 09/15/2016

Sentinel Security Life Annuity Rate Adjustment – Effective 09/15/2016 Sentinel Security Life Annuity Rate Adjustment – Effective 09/15/2016 Effective September 15, 2016, the rates for the MYGA 5-year annuity will decrease by 10 basis points.  No change for the 7-year. Additionally, our MYGA 10-year annuity rates will decrease by 5 basis points. To download an updated Annuity […]

Office Closing in Observance of Labor Day

The Life and Annuity Shop wishes you and your family a Happy Labor Day! In observance of Labor Day, our office will be closed on Monday, September 5th, 2016. We will reopen with normal business hours on Tuesday, September 6th, 2016 at 8:15 a.m. EST. Sincerely, The Life and Annuity Shop

Athene MYG Commissions Schedule Updates

August 29, 2016  Athene adjusted commissions on  their Athene MYG products. The new commission schedule will apply to issued Athene MYG business with applications dated on or after September 3, 2016. To obtain an updated copy of your commission schedule, please contact us. Commissions are being reduced by 50 bps on the MYG 5 and 7. […]

Athene Interest Rate Update

August 25, 2016 Athene Interest Rate Update We’re adjusting rates on our Athene MYGSM , Athene AscentSM Pro , Athene Performance Elite® and Athene Benefit 10SM products as follows: Athene MYG Interest rates to increase effective August 26, 2016. Multi-Year Fixed Strategy: Initial Premium 1-Year Fixed Strategy: Additional Premium MVA (Not available in AK, CA, HI, […]

The Latest FIA Product and Commission Updates from FGL

The Latest FIA Product and Commission Updates from FGL   Fidelity & Guaranty Life Changes Commission and GMWB/EGMWB Roll-Up Rates on Fixed Indexed Annuities Commission will change for FGL’s Safe Income Plus® FIA. Guaranteed Minimum Withdrawal Benefit (GMWB) and Enhanced Guaranteed Minimum Withdrawal Benefit (EGMWB) roll-up rates will also be updated for the Prosperity Elite® […]

North American MYGA Rate Decrease 9/1/2016

North American MYGA Rate Decrease 9/1/2016     MYGA interest rate decrease effective September 1, 2016 North American Guarantee ChoiceSM Multi-Year Guarantee Annuity (MYGA) interest rates are decreasing as follows:     Surrender Charge Period1 New High Band Rate Old High Band Rate New Low Band Rate Old Low Band Rate 3-Year 1.30% 1.50% 1.00% […]

UPDATED! Royal Choice Annuity Interest Rates

UPDATED! Royal Choice Annuity Interest Rates Effective September 1, 2016, the Royal Choice Multi-Year Guarantee Annuity (MYGA) rates will change. Effective September 1, 2016, the Royal Choice Multi-Year Guarantee Annuity (MYGA) rates will change. Please review the new rates below for ALL rate changes. ANNUITY INTEREST RATES as of 9/1/2016*   Rate as of 9/1/2016* […]

EquiTrust Certainty Select® Multi-Year Guarantee Annuity Increase Effective 8/18/16

EquiTrust Certainty Select® Multi-Year Guarantee Annuity  Increase Effective 8/18/16 2.75% FOR 6 YEARS 3.00% FOR 8 YEARS 3.25% FOR 10 YEARS EquiTrust Certainty Select® Multi-Year Guarantee Annuity  Increase Effective 8/18/16 Available to applicants ages 0-90 • Nursing home waiver rider, applicant ages 0-80 (not available in MA) • Full Accumulation Value at Death • Available in 49 states […]

Sentinel Security Life Annuity Rate Adjustment – Effective 08/15/2016

Sentinel Security Life Annuity Rate Adjustment – Effective 08/15/2016 Sentinel Security Life Annuity Rate Adjustment – Effective 08/15/2016 Effective August 15, 2016, the rates for our MYGA 5-year and 7-year annuities will decrease by 10 basis points.  Additionally, our MYGA 10-year annuity rates will decrease by 20 basis points. To download an updated Annuity Rate […]

FGL Updates FIA Products

FGL Updates FIA Products Prosperity Elite® Series’ and Safe Income Plus® Enhanced Guaranteed Minimum Withdrawal (EGMWB) roll-up rate. The vesting premium bonus for Prosperity Elite® 10 and Safe Income Plus® will change, as well as cap rates and spreads across our FIA portfolio, with the exception of the FG Retirement Pro® product. These changes are […]

4th of July Hours Announcement

4th of July Hours Announcement In observance of Independence Day, The Life and Annuity Shop will be closing at 2 pm Eastern on Friday, July 1, 2016 and we be closed Monday, July 4, 2016. We will resume normal business operations Tuesday, July 5th, at 8am Eastern.  

Atlantic Coast Life’s Multi-Year Guaranteed Annuities

Check out Atlantic Coast Life’s Outstanding Multi-Year Guaranteed Annuities Choice of 5, 6, 7 or 10 year surrender This annuity was created with the flexibility to meet the need of your clients. Industry Leading Interest Rates available as simple or compound interest crediting. Optional riders: (see rate sheet below for rider cost) Preferred 10.00% withdrawal Death benefit […]

Sentinel Rate Decrease 7/5/16

Sentinel Security Life Insurance Company Personal Choice Annuity Rate Adjustment – Effective 07/05/2016 Effective July 5, 2016 our Multi-Year Guarantee Annuity rates for 5, 7, and 10 year products will be decreasing by 10 basis points. To download an updated Annuity Rate Sheet, please click below or you may also download at any time using Sentinel’s […]

Athene Rate Decrease 7/6/16

  Interest Rate Update Athene is adjusting rates on the Athene MYGSM, Athene Performance Elite® and Athene TargetHorizonSM products effective July 2, 2016. Athene continues to maintain a competitive advantage in fixed and fixed indexed annuities with rates at or near the top of the market. Athene MYG Multi-Year Fixed Strategy: Initial Premium 1-Year Fixed Strategy: […]

North American MYGA Rate Decrease 7/6/16

Effective July 6, 2016 North American Guarantee ChoiceSM Multi-Year Guarantee Annuity Rates are decreasing. Surrender Charge Period1 New High Band Rate Old High Band Rate New Low Band Rate Old Low Band Rate 3-Year 1.70% 1.80% 1.40% 1.50% 4-Year 1.90% 2.00% 1.65% 1.75% 5-Year 2.55% 2.75% 2.30% 2.50% 6-Year 2.30% 2.50% 2.05% 2.25% 7-Year 2.55% […]

Guggenheim Rate Decrease 7/1/16

Guggenheim Life Annuity Rates for the month of July are decreasing on the Preserve Multi-Year Guaranteed Annuity and the ProOption Multi-Year Guaranteed Annuity with Return of Premium Feature. Interest rate changes will apply to applications received in Home Office on or after the business day in which a rate change becomes effective. We do offer […]