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Elevate Your Opportunity with CLIC’s IUL Sales Contest

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With six weekly drawings and a grand prize drawing, Columbus Life’s IUL sales contest offers multiple opportunities for you to earn attractive prizes while continuing to grow your business. The IUL sales contest is happening now through April 19. Read more. The post Elevate Your Opportunity with CLIC’s IUL Sales Contest appeared first on Insurance Designers of America.

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Securian VUL Product Changes Coming

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Effective May 1, Securian is making enhancements to their VUL products. Read more. The post Securian VUL Product Changes Coming appeared first on Insurance Designers of America.

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Introducing PruFast Track: Faster and Easier Underwriting

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For 140 years, Prudential’s been evolving to make it easier and more convenient for you to do business with them. PruFast Track is their next exciting leap forward. Watch this short video to learn more. The post Introducing PruFast Track: Faster and Easier Underwriting appeared first on Insurance Designers of America.

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OneAmerica Underwriting Guideline Update

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As of Jan. 28, OneAmerica Underwriting has adopted a new approach to infrequent marijuana use definitions. Reference page 13 of the newly updated underwriting guidelines for more details.  The post OneAmerica Underwriting Guideline Update appeared first on Insurance Designers of America.

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Nationwide is committed to carefully managing our life product portfolio to remain the strong, stable carrier you and your advisors can rely on.  To keep that commitment ¾ and in response to volatile markets, persistently low interest rate environment and increased hedging costs ¾ we will be decreasing the cap rate by 0.50% on our […] The post Cap Rate Decrease on Nationwide 2015 IUL Products – First in Nearly 3 Years appeared first on Insurance Designers of America.

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New Foreign National Guidelines from Lincoln

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Hot off the presses! Lincoln Financial recently announced new guidelines for foreign nationals. You can view the new guidelines here, and view a side-by-side comparison of their old guidelines vs. new guidelines here. The post New Foreign National Guidelines from Lincoln appeared first on Insurance Designers of America.

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Securian WriteFit Underwriting Limit is Doubling

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Securian’s WriteFit Underwriting™ Program allows for faster underwriting decisions, with no medical exams or blood tests – and starting March 4, 2019, they want to provide that buying experience to even more of your clients by doubling the WriteFit Underwriting face amount limit for eligible clients up to age 50! With the face amount limit […] The post Securian WriteFit Underwriting Limit is Doubling appeared first on Insurance Designers of America.

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Integrate the LTC conversation throughout tax season. This resource from One America can help. Repurposing the gains in annuities into a source of tax-free funds for LTC expenses. The post Shift the Paradigm! Take your Clients tax season from Dreadful to Delightful! appeared first on Insurance Designers of America.

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John Hancock Vitality has something to offer everyone, but it can be especially beneficial for people with less than perfect health. Not only can it make their coverage more affordable, but it can also motivate them to live healthier lives. See how John Hancock is offering substandard Vitality clients  clients savings of as much as 20% […] The post John Hancock Making Coverage More Affordable and Accessible for Clients with Substandard Ratings appeared first on Insurance Designers of America.

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IRS Challenges Split-Dollar Arrangements

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Intergenerational Split-Dollar has generated attention as a possible way for high net worth clients to reduce taxes. A recent settlement in the Cahill case illustrates how these sizeable discounts may not be attainable. Read the analysis from AXA. The post IRS Challenges Split-Dollar Arrangements appeared first on Insurance Designers of America.

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A settlement has been reached in the years-long law suit over increases in non-guaranteed costs of insurance for universal life policy owners.

On October 4th Transamerica announced a $195 million settlement for increases announced in 2015 and 2016 that affects over 100,000 policy owners.

Ron Sussman, CEO of CPI Companies was an expert witness in the case and an advocate for policy owner rights.

Policy owners will receive payments credited to their cash value and a 5 year moratorium on any future rate increases.

More information to follow.

Happy to share my first article in INN Magazine Article: http://www.insurancenewsnetmagazine.com/article/%E2%80%98unscheduled-policy-loans-can-create-sales-opportunities-3524#.W4Vo_ehKiHs To Learn More: https://mailchi.mp/07aa3321648b/policyloanrescue

Still think that term policy your client doesn’t need anymore is worthless? THINK AGAIN! We recently worked with a 75-year old client who owned a $1.5M term policy. The policy was approaching the end of the guarantee period, the client did not want to pay to convert, and planned to let the policy lapse. We explored a life settlement option and the client was able to sell the policy for $232,000, instead of letting it lapse and walking away with nothing.

Agent's need to educate their client's about these opportunities, as too many are missed. Contact us if you'd like to learn more.

Read CEO, Ron Sussman's latest article published on InsuranceNewsNet.com website: https://insurancenewsnet.com/innarticle/commentary-have-we-created-a-national-shadow-retirement-system

Congresses change from C-CPI to CPI-U for indexing inflation could lead to a reduction in the daily per diem limits for your client's LTC or Chronic Illness Rider. Help your client's plan accordingly for the unexpected reduction and make sure they understand the impact it will have whether they own an indemnity or reimbursement style rider. Click the image below for more info

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Beginning late January 2018 John Hancock will notify LTC policyholders (including those from the block acquired from Fortis) that their premiums are increasing. The effective date will begin with policies with anniversaries on or after May 1, 2018.

Implementation is state specific and continues increases that, for some policy holders, began in 2012.

Please contact our office for more details.

For policy holders that are healthy, consider switching to newer linked benefit products with premium guarantees such as the Secure Lifetime GUL from American General.

Recently two carriers, North American and Protective Life, Announced decreased cap rates for their newly issued and in-force blocks of IUL products. This repricing of options reduces the index cap rate, and the maximum illustrated rate for index segments that are initiated or renew in 2018.

Indexed Universal Life cap and participation rates are determined by the carrier's options budget and the cost of options as determined by the options provider. These rates can be counterintuitive in a rising equities market where interest rates continue to moderate to the low side or fall.

We may be seeing the tip of the iceberg. Protective and North American are two conservative companies that tend to treat their policyholders very well. But there a...

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If you've ever asked your investment advisor for data on mutual funds or ETF's you know that there is a plethora of information available from a large number of sources. The source of the original purchase is irrelevant because the data is required by SEC and FINRA and is available through a simple internet search.

You can research any fund, manager, or investment company and easily find the performance and cost structure. This makes investing easy and accessible for any purchaser.

Now, try the same thing with your permanent life insurance policy. It is virtually impossible. Not only is there no repository of data, but the issuers go out their way to make sure you do not receive the information.

Insurance carriers protect your data so wel...

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Life insurance policies need to change to meet the needs of new generations of purchasers. The idea that the benefits of a policy are only for the purchasers beneficiaries is outdated and in desperate need of a makeover.

American General has the only solution: Secure Lifetime GUL 3 is life insurance for the living.

This product provides three opportunities for clients to benefit while they are alive:

1. Opt Out. After year 25 clients can elect to terminate the policy and receive a full refund of all premiums paid.

2. Use the death benefit to pay for LTC or chronic illness. Indemnity based benefit. No need to provide receipts. Pay for home care by a family member or use for any other purpose.

3. At age 85 receive the net death benefit in 10 e...

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Securities and Investment Advisory Services offered through The Leaders Group, Inc. Securities Dealer, Member FINRA/SIPC; TLG Advisors, Inc. Registered Investment Advisor; 26 W Dry Creek Circle, Suite 800, Littleton CO 80120, (303) 797-9080. CPI Companies is not affiliated with The Leaders Group, Inc.