Oceanview Harbourview Annuity Alert - Interest Rate Reduction Notice

Oceanview Harbourview Annuity Alert – Interest Rate Reduction Notice

Oceanview Harbourview Annuity Alert - Interest Rate Reduction Notice

July 20, 2020

Oceanview Harbourview Annuity Alert – Interest Rate Reduction Notice

Effective Tuesday, July 28th, 2020, Oceanview Life and Annuity Company will be reducing the rates on our 3-year MYGA and 5-year MYGA products.

  • · The new rate for the 3-year MYGA will be reduced to 2.50%
  • · The new rate for the 5-Year MYGA will be reduced to 3.10%
  • · The 7-year and 10-year MYGA rates will remain unchanged at 3.25%
  • · *Commissions will remain the same on all four duration types.

Current rates will be applicable to all policy applications signed on or before Monday, July 27th, 2020, provided the applications are received by July 31st, 2020 to our New Business office in Grimes, IA.

Overnight Mail :

OCEANVIEW LIFE AND ANNUITY

1851 SE Miehe Drive

Grimes, IA 50111

or Fax to 1-888-417-3702

Rate Lock Policy: Provided the application is signed and received according to previously stated guidelines, we will allow 60 days from the sign date of the application to receive the funds

Access the upcoming rates here: OVLAC AGENT Rate Sheet Update 07.20.20

Computer network issues – Updated

July 21, 2020

Dear Valued Agents,

We are writing to let you know that The Life and Annuity Shop’s network environment was hit with a highly sophisticated virus injected from outside sources that has disrupted access to our computer systems. As soon as we discovered the incident, we immediately implemented our emergency response protocols and disconnected outside access to our network to contain the potential threat and protect data. We have initiated a comprehensive response plan and activated key partners to help us navigate and respond to the impacts of the virus.

Please be assured, our teams are working diligently to restore our systems as quickly as possible. We have also hired independent computer forensic firms to conduct an investigation and determine how this occurred, what we can do to prevent a similar attack in the future, and to confirm that no protected health information was impacted. As of now, there is no evidence to suggest that PHI, PII or HIPAA-related data maintained through our systems has been compromised.

We are still in the early stages of the investigation with limited information, however we are committed to open communication and will continue to provide updates as we progress through the restoration process. At The Life and Annuity Shop we pride ourselves on providing outstanding service, and are deeply sorry for the frustration and inconvenience this has caused you.

Computer network issues and office early closure on Monday 7/20/20

The Life and annuity shop’s computer network issues that have affected our email, phones and other systems that we reported on Friday 7/17/20 are not completely restored. We have made the decision to close early again today 7/20/20 to allow IT to continue fix the issues.

We greatly apologize for this inconvenience to you. We didn’t make this decision lightly. We now expect to be back up and running on Tuesday 7/21/20 for normal business hours.

Computer network issues and office early closure

The Life and annuity shop’s computer network is experiencing issues that have affected our email, phones and other systems. We have made the decision to close early today 7/17/20 at 10:30am EST to allow IT to fix the issues.

We greatly apologize for this inconvenience to you. We didn’t make this decision lightly. We expect to be back up and running on Monday 7/20/20 for normal business hours.

Now this is a powerful line up

Top 5yr MYGA

Fire Sale on Fixed Annuities

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 February 6, 2020 the yield on the 10 year treasury was 1.66%
• Today March 6, 2020 at 9:26am the yield on the 10 year treasury was 0.70%
• So over the last 30 days the yield on the 10 year treasury have dropped 96 bps!
• As a result investment yields on the insurance carrier’s portfolios are dropping and therefore they have lowered their new money rates and more importantly more Interest rate decreases are coming.

So I would strongly recommend that you meet with your clients and potential clients to advise them what is happening. Also encourage them to lock in the current rates now as it looks like interest rates will continue to go lower. Waiting will only end up costing them more money.

Please call us at (888) 661-1999 to discuss current annuity offerings available and upcoming interest rate decreases so you are aware of the time frames involved.

Below is a chart showing the decline in yield on the 10 year treasury over the last 30 days.

Neal Lapierre

Neal Lapierre

President

The Life And Annuity Shop, LLC

 

Yields have declined 96 bps on the 10 yr treasury over the last 30 days

Top Ranked MYGA – A- Rated Carrier

Top Ranked MYGA

Bankers Life Insurance Company

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

Bankers Life Insurance Company

 

 

 

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 Group (Global Bankers), an international family of insurance and reinsurance companies focused on life insurance and annuities. We discussed this relationship and its potential to grow our organization as well as to create strategic and operational efficiencies to bring BLIC to the next level in terms of superior technology, improved product offerings and premier customer service.

Bankers Life Insurance is one of many insurance entities under Global Bankers, which manages a diverse portfolio of insurance companies in the U.S. and abroad. In order to take advantage of higher ratings, a diverse product portfolio and more efficient processes, we will be consolidating all future annuity sales into Global Bankers’ flagship company, Colorado Bankers Life Insurance Company (CBLife). CBLife has invested a tremendous amount of time and resources in perfecting a state-of-the-art digital platform featuring enhancements such as policy eDelivery and eApplications. We feel trying to replicate this effort across multiple companies is not prudent.

Therefore, at this time we will suspend all new sales of BLIC products effective October 1, 2018. As in the past with similar situations, we will honor all annuity applications in the pipeline. However, BLIC will accept no new business annuity applications after October 1st.

Please note: There will be no interruption in service to your clients and/or contract owners. The customer service quality they are accustomed to receiving will continue uninterrupted.

For more than 40 years Bankers Life Insurance Company has provided quality deferred and immediate annuity products, services and support to our policyholders across America. You have been an integral part of our history. On behalf of every member of the BLIC team, I wish to thank you for your loyalty and all that you have done to make what Bankers Life Insurance Company is today.

Sincerely,
John Muscolino

Sentinel Secuirity Life Logo

Sentinel Security Life Annuity Rate increase Effective 11/01/2017

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

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 the application was received.

Sentinel Interest Rates rev_11-1-17

Introducing Our Newest Annuity - Safe Anchor Market Guarantee

Atlantic Coast Life – Annuity Rate increase Effective 11/01/2017

Atlantic Coast Life – Annuity Rate increase Effective 11/01/2017

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

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 copy of the current Rate Sheet from our website or by following the link below.

These new rates will be applied to all contracts issued on or after 11/01/2017 regardless of the date the application was received.

ACL-Rates-11-1-17

Sentinel Secuirity Life Logo

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, OK, OR, SD, WY.

Summit Bonus Index Annuity Available in More States - Effective 10/23/17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Below are a few product highlights of the Summit Bonus Index Annuity:

  • Income Rider with high payout factors
  • Premium Bonus up to 8%
  • 4 Indexing Strategies to allocate money
  • Issue Age 0-80
  • Minimum Single Premium $5,000 (Qualified) $10,000 (Non-Qualified)
  • Maximum Single Premium $1,000,000 (Larger amounts will be considered with Home Office Approval)

For currently contracted producers, All of the product brochures, quick sheets, and forms are available to order, download or print from Sentinel Security Life Insurance Company’s Agent Portal.

If you aren’t contracted yet, contact us at 888-661-1999.

Click on the link below for the updated rate sheet.

Annuity Rate Sheet

Reminder: Agents may write business up to one week prior to the launch date for each new state, however business will not be issued until after the effective date.

Introducing Retirement Plus MultiplierSM Annuity with the First Thematic Based Index available in a fixed indexed annuity!

Introducing Our Newest Annuity – Personal Choice Plus+

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 guaranteed for five years
  • Four Optional Riders
  • Unique Enhanced Death Benefit rider
  • High Caps

This product is scheduled to be released on July 24, 2017.
We encourage you to sign up for product specific training. The training will take place every Monday at 2:00 pm MDT and Wednesday at 10:00 am MDT and will continue for one month.

You can sign up for one of the webinar training times here:

https://attendee.gotowebinar.com/rt/2956862028700065283

In the meantime, Call us to learn more about this exciting new product.

1-888-661-1999

Introducing Our Newest Annuity - Safe Anchor Market Guarantee

Introducing Our Newest Annuity – Safe Anchor Market Guarantee

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 fixed index rate guaranteed for five years
  • Four Optional Riders
  • Unique Enhanced Death Benefit rider
  • High Caps

This product is scheduled to be released on July 24, 2017.
We encourage you to sign up for product specific training. The training will take place by webinar every Tuesday at 9:00 am MDT and Thursday at 9:00 am MDT, and will continue for one month.

You can sign up for one of the eight training times here:

https://attendee.gotowebinar.com/rt/5055783546636422914

In the meantime, Call us to learn more about this exciting new product.

1-888-661-1999

For agent use only.

Introducing Our Newest Annuity - Safe Anchor Market Guarantee

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

FIND OUR MORE

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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.

Get Your Phone Ringing

TriVysta – Fixed Indexed Annuity

Standing Above The Rest