What's New
•AVIVA
No Lapse Guarantee Products
Guarantee UL Solution is a traditional universal life policy that includes a built-in No-Lapse Guarantee (NLG)
Advantage Builder II is an index universal life policy with an available No-Lapse Guarantee Rider
Wellness for Life II - when the Wellness for Life rider is purchased in conjunction with our No Lapse Guarantee Products, Wellness Rewards count toward the NLG premium requirement, in effect reducing the out-of-pocket premium required.
See attached "Sample Illustration" to see how Wellness Rewards can dramatically impact an NLG sale.
• JOHN HANCOCK
We are pleased to announce that John Hancock has been named the sole carrier for the Federal Long Term Care Insurance Program's second seven-year contract period by the U.S. Office of Personnel Management (OPM).
JH Advanced Markets Radio - May 12, 2009 "The Death Bond Conspiracy". P.A. "Corky" Gillis, CLU, veteran life insurance advisor with over 29 years of experience in the industry, joins Randy Zipse, VP and Senior Counsel, Advanced Markets Group, to talk about his recently released fiction novel depicting what can go tragically wrong with life settlements (viaticals) or stranger-owned life insurance (STOLI). In his novel, Gillis takes the potential for financial greed to the limit and delivers a chilling yet realistic story of what can happen when lives are packaged as "death bonds". Randy and Corky discuss the history and evolustion of viatical settlements, their important role in the AIDS epidemic, and how the potential for greed has led to proposed legislation at the Federal and State levels. To listen to the broadcase, click here.
• GENWORTH
Changes to APS Ordering for Hypertension ... read more
Making it east to quote Long Term Care Business Solutions. Quote It is an on-line illustration quote tool for your Long Term Care Business Solutions cases. This tool makes it easy for you to generate an Employer quote, retrieve and update saved quotes and generate and Employee/Participant Quote. To get started, the url access to Quote It is: https://genworth.com/quoteit
• TRANSAMERICA
Please note that the annual and semi-annual options on the "Pre-Authorized Check Withdrawal Plan" page of the application (form PAC10209T) will not be availabel until June 15, 2009. When assisting clients with applications, please do not select "annual" or "semi-annual" until further notice.
AML Training - In order to better accomodate those producers who have taken Anti-Money Laundering training through LIMRA in the past year and would prefer not to go through the brief training provided by Transamerica through Quest, Transamerica has entered into an agreement with LIMRA to provide Transamerica with verification that a producer has taken on of their AML training courses. To take advantage of this option, the producer will need to complete and sign the LIMRA-AML Course Certification and fax it to Transamerica's secure fax linea t 319-355-4483 ro email a scanned image to sbuhr@aegonusa.com. There is no need to contact LIMRA. Transamerica will work with LIMRA directly to verify that the course has been completed and the date of completion.
• PRUDENTIAL
Effective May 1, 2009 Prudential repriced their Term Essentials product. Term Elite and PruLife Return of Premium Term products will remain the same, as will policy provisions, premium requirements and other benefits offered on Term Essential. The repricing will result in a rate increase of approximately 4% in all categories and face amounts. Read more
• BANNER
Banner is pleased to announce that, effective May 15, 2009, you will receive close out and NTO notifications electronically via email from Banner Life Insurance Company and William Penn Life Insurance Company of New York. Please see the attached communications on this subject and share the information with those in your office who will benefit from it.
Close Out Warning Electronic Delivery of Close Outs
• AMERICAN GENERAL
The typical use of life insurance by an estate planner involves the purchase of a last survivor policy by an irrevocable life insurance trust (ILIT). Often ignored are the benefits life insurance can provide when used with other types of estate planning trusts. This issue of Advanced Sales Strategies explores the use of life insurance in conjunction with a bypass trust and a qualified terminable interest properly trust.
Annuity Sales Idea of the Week...Give your retired clients a raise. Learn more
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Welcome
At SERVICE FIRST BROKERAGE you, the representative, are our customer. Any successes achieve is because of you. You, the customer, are our Number 1 priority and we, at SERVICE FIRST BROKERAGE, work diligently for our customers.
- the very best in life, annuities, long term care & group ancillary products
- through the very best companies
- at the very best compensation
- without any production requirements