3 Mark Financial, Inc.

12/07/2016

2017 Accelerated Death Benefit Increase for ExtendCare

he Internal Revenue Service (IRS) recently announced upcoming changes to the per diem limitations for periodic payments received under qualified long-term care insurance policies and certain life insurance policies which offer accelerated death benefits for chronic illness care. The 2017 per diem limitation for periodic payments from these types of policies will increase from $340 to $360. This increase will offer your clients the opportunity to access up to $10,800 of their policy's death benefit each month through ExtendCare.  Read more. 

The Lincoln Leader

Click here to view the latest edition of the Lincoln Leader for updates on post-issue policy management, life product internal replacement guidelines, and more.  

Webinar: Business Organizations Explained

The number of small businesses has increased 49% since 1982. Join industry expert Tom Commito on December 8 and be better prepared to help your business owner clients.

Impact of the 2016 Election on Life Insurance Business and U.S. Economy

The national election on November 8 produced one of the biggest upsets in presidential history as Donald Trump defeated Hillary Clinton. Pundits and financial planners, prepared to begin discussing Mrs. Clinton’s economic agenda on November 9, instead now find themselves confronting a very different conversation. Here is a brief and general overview of what the election results may mean for the life insurance industry and estate and financial planners. Only time will provide clarity.  

BenefitAccess Rider Now Offers More Choice on More Products

We're launching exciting enhancements to one of our most popular riders - the BenefitAccess Rider (BAR). When it comes to preparing for the unexpected, clients can have more choice and flexibility than ever before.  Discover What's New With BAR.

Webinar: Smart Money

You want to be smart with your money, right? Clients are no different, and they're already making a smart decision when they set aside funds in case of an emergency. We like to call this "smart money". But are they really putting their smart money in the smartest places? It turns out, Indexed Universal Life Insurance could be an attractive option for clients, and an excellent sales opportunity for agents.  Register. 

Life Insurance Just Got More Rewarding in New York

Start spreading the news! Now, your New York clients can start enjoying all the benefits and features of the John Hancock Vitality solution! That means saving up to 15% on their premiums and earning valuable rewards and discounts -- simply by living a healthy life!  Learn More.  

Nationwide’s LTC Rider Available on SUL II in Florida

The Long-term Care rider is now available on Nationwide YourLife® NLG Survivorship UL II for Florida. For any SUL II policies in force on or after 10/12/15 in Florida, you may apply for the LTC rider.  Transition rules. 

Real Utility at the Right Cost

Can Emily, a single mom, find the right insurance solution to cover her needs now and in the future? Lifetime Foundation offers the right mix of flexibility and guaranteed death benefits at a very attractive price. Download the attached piece to see how Lifetime Foundation can help satisfy all needs of a single mother at a reasonable price point compared to other options on the market.  Read more.

3 Advantages that Set Life Insurance Apart

Life insurance offers a combination of three tax advantages that other financial vehicles do not: Income-tax-free death benefit, tax-deferred cash value accumulation potential and income-tax-free loans and withdrawals. Order the new Tax Advantages for Today’s Economy brochure today. 

Dual Policy Strategy Helps Provide Unparalleled Flexibility

An affluent, 65-year-old retired business owner seeks a tax-efficient wealth transfer strategy. He wants a solution that meets his legacy goals, offers flexibility to respond to future changes in liquidity needs or tax laws, and eliminates ongoing premiums. What’s your solution? Our new sales idea shows how two Symetra UL-G policies equaling the total coverage needed and our optional Return of Premium Rider helped a client get guaranteed coverage and the added control and flexibility he desired.  Read more. 

Top 5 Term Rates 87% of the Time

We're ranked in the top 5 90% of the time for females and 83% of the time for males, in 10, 15, 20, and 30 year term. Click here and see for yourself, and start quoting SBLI Level Term today!

Hybrid products are a fresh approach to retirement and estate planning. These products, sometimes referred to as combo or linked-benefit products, cover opposing risk groups by combining long-term care coverage with life insurance or an annuity.

Expand Your Practice in 4 Easy Steps

We’ve created a suite of comprehensive long-term care planning tools to help you uncover opportunities, shorten your sales cycle, and build your practice in just four easy steps, with supporting materials for each: Identify Solutions, Find Opportunities, Prequalify Candidates, and Prepare Clients.  Learn more. 

LTC: Cost of Waiting

It's easy to put things off until tomorrow. But waiting to purchase a long-term care policy is too important to ignore.  Read more. 

Get to Know CareMatters - Because Flexibility Matters

Nationwide CareMatters is different from competing products because it's currently the only linked benefit LTC product to offer cash indemnity benefits. It was designed to give your clients greater flexibility at claim time.  Read more. 

Earn Extra $500 Selling CareShield

With the launch of CareShield Universal Life, Securian and Minnesota Life Insurance Company want to help get your CareShield™ cases paid.  Learn more.

Annuity Fact Finder 

Click here for a great Annuity Fact Finder

 DOL Regulation, Fixed Indexed Annuities, Fixed Rate Annuities

When the new DOL regulations go into effect on April 10, 2017, qualified Fixed Indexed Annuities (FIAs) will no longer be able to be sold under Prohibited Transaction Exemption (PTE) 84-24. At that time, all FIAs will need to be sold through a qualified Financial Institution (e.g., broker-dealer, RIA, bank, etc.) and comply with the Best Interest Contract (“BIC”) Exemption. Sales of qualified Fixed Rate Annuity Contracts (“Fixed Annuities” like SPIAs, DIAs, etc.) are still permitted under PTE 84-24.  Read more. 

DIY Your Fixed Annuity Business

Watch this webinar replay for tips to streamline your fixed annuity cases!

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.

Your Key to Accelerated Underwriting

Quick eApp will soon be your key to our accelerated underwriting program. Beginning in November, you'll have the option to send your healthiest clients through Accelerated Underwriting, which can eliminate lab requirements and provide a faster decision.  Learn more.

Underwriting Enhancements Making an Impact

We hope you've heard about, or better yet, experienced our latest underwriting enhancements. Not only have we heard great feedback from many of you, but we've certainly seen an increase in sales activity!   Read more. 

 Faster Can Be Better - Try It

Our new accelerated underwriting program is here.  Skip the paramed and get your client's policy issued more quickly. Check out this flyer about Fast Lane accelerated underwriting, or read an FAQ resource to learn more. 

More Protection for the Same Premium using a Free Upgrade

If your life insurance clients qualify for a Standard rating, we’ll upgrade them to Preferred, automatically. If they qualify for a Preferred rating, we’ll upgrade them to Premier, automatically. What could a Free Upgrade mean for them?  A Free Upgrade in underwriting class could mean the same amount of premium could potentially provide more death benefit protection. Do you have 2 minutes to watch a video and learn more?  Click here.  We also have a handout with all the details from the video, download it here.