April 2011
New Advantage Growth Annuity Launches!
Here's a fresh pick for spring! We're launching a new traditional fixed annuity called the Advantage Growth Annuity (AGA). The AGA will have all the benefits of a good old-fashioned annuity along with the industry-competitive renewal rate history backed by The Standard.
Please don’t hesitate to contact my sales support team at 800-287-4578 or annsales@standard.com. They are available to provide you with additional product information, answer any calls you may have, and most importantly provide you with materials to start selling the AGA or any of our fixed annuity products.
Rich Lane
Director, Sales & Marketing
Nest Eggs Aplenty
Originally published by National Underwriter Life & Health. Reprinted with permission.
Cracking the Retirement Planning Market
Since they burst onto the scene in 1946, the baby boom generation has had a spell-like hold over Madison Avenue, influencing everything from fashion design to musical tastes to adventure travel packaging. Now, as they enter their golden years, boomers are forcing insurance and financial professionals to take notice—and see big dollars in retirement and distribution planning.
Copies and Faxes Accepted for Certain Documents and Requests
You asked, and we listened. In order to provide better service the annuities administration team has made a few changes to our policy regarding the need for original paperwork. Photocopies, faxes, or e-mailed PDF scans for certain documents or requests will now be accepted.
Replacement of Life Insurance and Annuity Contracts
Written by Bill Douglas, Individual Annuity Compliance Manager
State insurance departments want to make sure that a replacement of a life insurance policy or annuity contract is in the best interest of the consumer. With respect to annuities, a replacement may mean a new surrender period, new plan design features, and different guarantees from the current annuity. Therefore, most state insurance departments have adopted regulations to mandate certain rules to follow and forms to complete and retain for insurance companies and producers to ensure viable replacement activity. Additionally, new suitability rules have added a focus on replacements. It is in your best interest as a producer to compare the various features of the current policy and of the prospective policy to ensure that a replacement is a good decision on behalf of your customer.
Producer Advisory
Wisconsin: Suitability of Annuity Sales
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