NW Financial & Insurance Services 西北理财与保险 (206) 651-4887
NW Financial & Insurance Services西北理财与保险                            (206) 651-4887
  
Annuity
 
American Equity: 7% Income Rider available
Several options now available:
4.00% for 10 years at no cost & option to reset accumulation period (if reset, company may change the rider fee)
6.50% for 10 years at 0.75% cost & option to reset accumulation period (if reset, company may change the rider fee)
7.00% for 5 years at 0.90% cost & option to reset accumulation period (if reset,company may change the rider fee)
 
Life
 
ING: New ING IUL-Protector!
Effective July 22, 2013
On July 22, 2013, the ING family will launch 
ING Indexed Universal Life – Protector (ING IUL-Protector), a low-cost d
 eath benefit focused product that still provides potential for cash value accumulation through a Fixed Strategy and/or the S&P 500® 1 Year Point to Point Indexed Strategy.
Where approved, ING IUL-Protector will replace ING Protector Universal Life (ING Protector UL).
 
 
As of July 22, 2013
 
ING Protector UL
All state EXCEPT AZ, CA, GU, NY, PA and PR.: The application must be signed, dated and received in the home office before Friday, August 16, 2013.
 
Lincoln Benefit Life: Sold to Resolution Group!
Premiums will increase for GUL & GSUL effective Monday, August 12, 2013.
Distribution Area will close on August 19, 2013
Customer Service will be available for another 12 - 18 months during the transition period. 
 
 
Prudential: UL/SUL Protector Premium Increase & Chronic Illness Rider Announced!
UL: Effective July 1, 2013
 
  • On the repriced UL Protector:
    • Full-pay scenario premium will increase approximately 2%.
    • Single-pay scenario premium will increase approximately 5%.
    • Guaranteed minimum effective annual crediting rate is being reduced from 2% to 1%.
    • Type B Variable Death Benefit will no longer be available.
    • Premium limitation in each of the first 3 years will be the greater of 7 times the Commissionable Target Premium or $250,000
  • On the BenefitAccess/Chronic Illness Rider:
    • NOT YET AVAILABLE IN CA
    • This optional rider is now available in approved states.
    • Provides your clients with Chronic and Terminal Illness Benefits.
    • Is now available on the repriced UL Protector.
    • Is not available on prior versions of UL Protector.
    • Is not currently available on other products
Please click here for the Transition Rules.
As of July 1, 2013
 
UL Protector
All state EXCEPT CA, HI, MD, GUAM: The application must be signed, dated and received in the home office before Friday, July 26, 2013.
 
Carrier News
June 14, 2013
  
Life
 
American General
Effective June 3, 2013

AG Elite Global Plus II approved in California!
Elite Global Plus II offers:
  • Unsurpassed innovation in interest crediting methodology: Two crediting options plus overweighting 2 of 3 best performing indices for potentially higher interest crediting rates*
  • More diversity than other carriers:  three global indices: S&P 500,  EURO STOXX and Hang Seng*
  • Strongest accumulation potential of  our UL products, perfect for supplemental retirement funding and other future income stream needs
  • New Choice Loans option allows improved income stream options with more flexibility to access to cash value. Plus, loan amounts remain in the accounts eligible for index or declared  interest
  • New One-year point-to-point fixed index interest account with Index Cap Rider  provides an S&P 500–only allocation option
  • New Higher targets:  24 month rolling targets materially improved : between 20% and 60% depending on age
  • Improved cap and participation rates: 10.75% cap rate  and 65% participation rate (as of 3/25/12013)

Please click here for the official bulletin.

ING
Effective May 28, 2013

ING Global Participation Rate Increase!
ING IUL GLOBAL 
5 YEAR --- was 70%, now 75%! (20 year 100th percentile: 7.24%)

ING IUL GLOBAL CHOICE
5 YEAR --- was 75%, now 80%! (20 year 100th percentile: 7.34%)
2 YEAR --- was 55%, now 60%! (20 year 100th percentile: 8.08%)

Please click here for the official bulletin.

Prudential

Effective July 1, 2013
UL Protector Premium Increase Announced
  • On the repriced UL Protector:
    • Full-pay scenario premium will increase approximately 2%.
    • Single-pay scenario premium will increase approximately 5%.
    • Guaranteed minimum effective annual crediting rate is being reduced from 2% to 1%.
    • Type B Variable Death Benefit will no longer be available.
    • Premium limitation in each of the first 3 years will be the greater of 7 times the Commissionable Target Premium or $250,000
Please click here for the Transition Rules.
Effective May 1, 2013
SUL Protector Premium Increase Announced
SUL Protector
 
 
 
 
 
Continuous Lifetime Pay Rates will increase on average by 2.5%.
 
 
 
 
 
Single-pay scenarios will increase, across the board, 10%.
 
Please refer to the SUL Repricing Rules for additional information.
 
As of June 10, 2013

SUL Protector
All state already approved EXCEPT CA, MD
AZ, NY: The application must be signed, dated and received in the home office before Wednesday, July 3, 2013.
Long-Term Care
 
Genworth
Effective July 1, 2013

Privileged Choice Flex available in CA 7/1/13!



Effective, April 27, 2013, MetLife is revising its retail life insurance product portfolio and making these important changes:
The Coverage Continuation Rider will no longer be offered on new sales ofGuarantee Advantage Universal Life® (UL) in all states. This rider was discontinued in New York effective on February 23, 2013. Guarantee Advantage UL will still be offered on a current assumption basis. View additional details and transition dates.
The Joint Coverage Continuation Rider will no longer be offered on new salesof Legacy Advantage Survivorship Universal LifeSM (SUL) in all states. Changes in New York were implemented on February 23, 2013. Legacy Advantage SUL will still be offered on a current assumption basis. View additional details and transition dates.
In New York only, the 30-year duration for Guaranteed Level Term will no longer be offered for new sales. The durations of 10, 15 and 20 years will continue to be offered in New York. View additional details and transition dates.

MetLife Promise Whole Life will continue to be available.
MetLife Provider UL with guarantee to Age 95 will continue to be available.
On April 29, MetLife will release a new whole life product that can be guaranteed paid-up in 10/20 years or to age 65.
Please click here for the official bulletin.

Prudential has again announced a pricing change on their UL Protector product effective February 25, 2013.

NACOLAH AG38 Guidelines 11-1-12 11-15-1[...]
Adobe Acrobat document [156.8 KB]

 

Summary of 2013 Product Changes
Custom Guarantee® universal life insurance - Increase in guarantee premiums.

Custom TermGUL® universal life - Guarantee no longer available.

Guarantee Builder IUL® indexed universal life insurance - Increase in guarantee premiums.

Survivorship GIUL indexed universal life insurance - Guarantee no longer available.
All applications must be signed and dated on or before November 1, 2012 and received in the home office on or before November 15, 2012 to get the lower rates / guarantees.
January 28, 2013
 
Effective February 25, 2013—PruLife® UL Protector is being repriced.
 
 
We continuously review our individual life insurance portfolio for changes in consumer needs, profitability, and competitiveness. While many factors are considered in these reviews, the low interest rate environment continues to impact products with secondary guarantees for Prudential and its competitors. Based on our review, we find it necessary to reprice UL Protector effective February 25, 2013.
 
Based upon state approvals, the following changes will take place:
 
UL Protector
 
  Full-pay scenarios will increase, on average, approximately 0.5%.
 
  Single-pay scenarios will increase, across the board, 5.8%.
 
What Isn't Changing
 
  Prudential's commitment to the no-lapse guarantee marketplace. We remain committed
    to helping you and your clients address their protection needs.
 
  Compensation.
 
  No limit on the amount we will accept for single-pay scenarios.
 
  A 28 day transition period following the introduction date within each state.
 

Please click here for the Repricing Rules.

Citing current economic environment and continued low interest rate environment, ING is suspending all product sales that have a no-lapse guarantee: ING UL-GDB ING IUL-GDB ING SUL-GDB

 

Please takenote of the important transition dates: Friday 11/02/2012: Deadline for all formal applications to be received in the home office Thursday 12/13/2012: Deadline for all administrative and underwritingrequirements to be received in the home office Monday 12/31/2012: Deadline for all policies to be placed

 

For the full bulletin, please Click here 

 

https://www2.ing-usa.com/stellent/public/121016.pdf?utm_source=LifePromoCenter&utm_medium=EMAIL&utm_content=H0ZcBCMDRwdZRBhRXlw%3D&utm_campaign=11779:ING%20Update:%20Your%20Business%20Lifeline%20-%2010/16/2012%20-%20ILS

 

Prudential
Effective October 15, 2012
 
Prudential UL Protector & SUL Protector Premium Increase
 
UL Protector
    Level-pay scenarios will remain essentially unchanged on average.
     
    Single-pay scenarios will increase approximately 13% on average.
     
SUL Protector
      
    Level-pay scenarios will increase approximately 3% on average.
     
    Single-pay scenarios will increase approximately 13% on average.
 
Please click here for the Repricing Rules.
 
All applications must be received 28 days before the state approval date (information not yet available from Prudential)
 
 
LTC
 
Transamerica
 
TransCare Changes & Premium Increase
Effective October 2, 2012
 
  • An across the board 15% increase on all new business premium rates.
  • The current "spouse/partner applying" discount of 30% will be reduced to 20%. The "spouse/partner not applying" discount will be reduced from 15% to 10%.
  • The Preferred Health Discount will be 10% for individuals and spouse/partners.
  • Sales of all limited pay options will be suspended, including Single Pay, Pay-to-65, and 10-Pay in all states except NY.
  • 1035 Exchanges will no longer be accepted for long term care products.

(Reuters) - Prudential Financial Inc (PRU.N) will buy the individual life insurance business of Hartford Financial Services Group Inc (HIG.N) for $615 million in cash, the companies said on Thursday.

 

Effective September 24, 2012, AG Secure Lifetime GUL will experience the following changes:

 

-Clients between the ages of 45-70 paying premiums in all years will see a modest increase

-Limited-pay and single-pay cases will see larger relative increases

 

Transition Guidelines

 

To receive the old rates:

 

All policies must be issued prior to October 3, 2012.

As an estimate, all applications should be received, in good order, THIS WEEK. It can take up to 3 weeks for policy issue, so time is of the essence!

 

Effective October 1, 2012, cap rates will be reduced & premiums will increase by 10% for most cases and up to 25% on single premium cases for the following products:
Advantage Builder IV
Guarantee UL Solution III
Survivorship Builder
Transition Guidelines
To receive the old rates:
All applications must be signed before October 1, 2012.

June 19, 2012

CARRIER NEWS

Life

ING

ING IUL-GDB (Guaranteed Index) approved in California!
ING’s IUL-GDB was approved for sale in California on June 18, 2012. This 
exciting new product offers guaranteed death benefit and cash value 
accumulation potential using S&P500 index.

Pricing:
45 Male, Preferred NT - $1,000,000 Death Benefit

If you compare lifetime guarantees: 
$8468 in IUL GDB vs. $7706 in GDBUL. 

If you use the $7,706 premium from GDULII and plug it into IUL-GDB, the 
IUL-GDB is guaranteed through Age 100 and now has some decent cash 
value in the policy.  Works well with 1035 exchanges and is not currently 
capped at the 5x target rules.

Transamerica

Trendsetter now available for sale!

-Non-Med Underwriting for Band 1 ($25,000-$99,000) on Super & Express.
-Non-Med Underwriting for Band 2 (100,000-$249,999) on Express.
-Issue Ages up to Age 80 for Trendsetter Super 10.


Please note the following important dates and deadlines for TransTerm:
The TransTerm portfolio will be phased out with a 90 day window for sales. 
All applications for TransTerm must be received in the Transamerica 
Home Office by close of business on September 14, 2012.

Annuity

North American

Income Pay Bonus Credit Reduction!
Citing continued interest rate pressure, NACOLAH is reducing the Bonus 
Credit on options two and three on their optional Income Pay Rider.

Effective July 3, 2012, please note the following changes being made:

Option 2
7.00% for 10 years with 0.95% cost will be reduced to
6.50% for 10 years with 0.95% cost.

Option 3
6.75% for 20 years with 0.95% cost will be reduced to
6.25% for 20 years with 0.95% cost.

Please review the memo for details (16611Z-MEMO) 

Please note the following important dates and deadlines for the Income 
Pay Rider:
To receive the old rate, all applications must be received in the Home 
Office before July 3, 2012. 

NACOLAH will accept faxed, signed applications and election forms to 
hold previous Bonus Credit rates if faxed into the home office on Monday, 
July 2, 2012.
Originals must be received in the home office July 3, 2012 by 5:00 pm CST. 

Long-Term Care

Mutual of Omaha

Mutual Of Omaha/United of Omaha to suspend LTC sales in California
Effective June 30, 2012, Mutual of Omaha will suspend LTC sales in 
California and increase their rates in all other states.

Please note the following important dates and deadlines for Mutual of 
Omaha LTC:
All applications should signed before June 30, 2012 and received by at 

Client Services     客户服务

Discover the advantages of partnering with NW Financial & Insurance Services.

 

Appointments         约谈

To inquire about a non-binding consultation, or to schedule an appointment, please call:

 

+1 206 651-4887

 

Office Address:

11661 SE 1st St. Suite 204

Bellevue, WA 98005

 

 

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