3 Mark Financial, Inc.

7/27/2016

Join Blake Barnard, Sr. Life Wholesaler as he discusses Retirement Extra Using Life Insurance

 Webinar Wednesday August 3, 2016 at 3:00 PM Central

Podcast: The Power of Life Insurance on Loved Ones' Retirements

The National Retirement Risk Index (NRRI) jolts us with this critical snapshot: 52% of Americans are at risk of being unable to maintain their pre-retirement standards of living. But, for those receiving even a modest inheritance, the risk decreases to as low as 40%. In our industry, we're in the unique position to offer a life insurance strategy to help knock that number down even more. Because the impact of inheritances on whether or not a client's loved one has enough income in retirement can be powerful. Listen as Prudential's thought leaders Mark Hug and Jim Mahaney share actionable insights into this strategy.  Listen to the New Episode. 

Buy-Sell Plan with an Exit Strategy

Do you know any business owners looking for a buy-sell plan? Do you want to provide them an option that offers them flexibility and options before one of the partners dying? This exit plan could be our Lifetime Foundation product. Download this piece for a great example of a buy-sell plan scenario of using an NLG solution versus the option of using an IUL specifically our Lifetime Foundation product. Not only does it provide death benefit guarantees for life but it also provides significant cash value which could provide options for buyout's prior to death.

A Stable Product in Challenging Times

John Hancock’s Protection UL delivers consistent customer value even in a challenging economic environment. Take a look at how Protection UL’s crediting rate has remained higher – and more stable – than those of our competitors.

Future Name Announced

In January, MetLife announced it was planning to separate a substantial portion of its U.S. Retail business. It continues to evaluate options regarding the structure and timing of the separation.  MetLife today announced that it will rebrand its U.S. Retail business as Brighthouse Financial after it is separated from the Company.  Press release. 

Can You Tell Your Clients “I’ve Got You Covered?”

you're talking to them about life insurance, you can. And there's no better time to start that discussion than during Life Insurance Awareness Month. The 2016 LIAM eKit gives you access to a wealth of material that can help you start the life insurance conversation, deepen client relationships, and grow your business. Download the eKit today and tell your clients "I've got you covered.” 

What if Clients Develop a Chronic Illness?

Offer clients dual protection. In addition to life insurance protection, many of your clients may also be interested in minimizing the impact of an unexpected chronic illness. Protective Advantage Choice UL and the ExtendCare Rider can offer dual protection by providing a death benefit which can also be used to help cover any future chronic illness care expenses.  Learn more. 

Estimate LTC Cash Benefit for your Clients

Nationwide YourLife CareMatters® was built to provide your clients the maximum flexibility for their long-term care needs. And our Benefit Estimator was built to help you see how the product works and estimate the cash benefit your clients may qualify for. Try it for yourself. Simply enter a client's age, gender, and premium paid for a quick, individualized estimate.

 Video: Annuity e-App

Watch this video to discover how e-App means less paperwork, quicker turnaround and faster commissions.

The Lincoln Leader for fixed annuities. Get the latest Lincoln fixed annuity updates, including details of a new marketing campaign. 

IALC Files Lawsuit Challenging Fiduciary Rule

On Wednesday, June 8, 2016 the Indexed Annuity Leadership Council (IALC) filed a lawsuit challenging the Department of Labor’s (DOL) fiduciary rule. Click on the following link to view the IALC press release. North American Company for Life and Health Insurance® is an IALC member. 

Annuity Fact Finder 

Click here for a great Annuity Fact Finder

ASSET TRANSFER TIPS 

For all annuity carriers

Transferring assets, or exchanging money via section 1035 of the tax code, may have tax consequences. Any questions regarding taxation should be referred to a qualified tax professional.

1. Call the Financial Institution/Insurance Company to see what they require to transfer the money e. g. some financial institutions, like Fidelity, require a call from the client to release money, others like Northwestern Mutual require their own surrender form to accompany the 1035/transfer form from the company receiving the money.
2. Attach a copy of a current policy/ account statement for the funds being transferred to the 1035/transfer document.
3. Complete the 1035/transfer form carefully and completely. Be sure all necessary signatures are obtained.
4. Send original transfer forms with the application to 3 Mark for processing.

Enhancements to SimpleSubmit

North American is excited to announce two exciting enhancements for SimpleSubmit!

On July 16, 2016, enhancements were made to help make it even easier to submit business via SimpleSubmit, including Paramed Scheduling Updates and enhanced age availability. Learn more. 

Update to Informal Application Process

Minnesota Life / Securian continues to experience exciting sales growth. Due to higher than normal current volumes, we are making these changes to our requirements for informal applications effective immediately.

Giving Your Clients the Best Potential Rate

People with favorable lifestyle factors are a better risk than those who have unfavorable lifestyle factors. And we give them credit for that with our Lifestyle Credits program. Our Lifestyle Credits program gives your clients a one-risk-class upgrade if they meet certain criteria for favorable lifestyle factors.

Flex Clients into Better Rate Classes

For non-tobacco users with positive lifestyle and medical characteristics, we offer our Fit Underwriting Credit Program. Not a table shave program, Fit Program allows for up to an additional table credits and is applicable across UL and Term programs. Promote our Fit Flyer to your agents to provide them with more details and information on how to apply.