3 Mark Financial, Inc.

12/14/2016

Effective February 3, 2017, MetLife will sunset a number of products.  

Click Here to read the MetLife announcement.

Check Out New Term Rates

Select-a-Term has new market leading rates. In New York, 90% of premium rates rank in top 3, and nationwide 85% of premium rates rank in top 3. AIG has also introduced a new 35-year term. Learn more.  

What else is new with Select-a-Term?

Besides the new, market-leading rates – here’s what the Select-a-Term buzz is all about: New, lower band available – potential for simplified, non-medical underwriting; New, highly competitive “Conversion Credit” feature; 18 term durations, including a new 35-year term and NY now has the same premium rates and modal factors as other states.  Learn more.  

Smaller Term Policies Now Available with Simple Non-Med UW

For <$100,000 Select-a-Term policies, you can now provide simplified, non-medical underwriting, resulting in a fast, and convenient path from submission to approval! Eligible cases must be submitted through AG Quick Ticket. Click here to learn more. 

AIG Term Conversion Playbook

Did you know Term Conversion activity boosted in November? Don’t be the last to check out the Term Conversion playbook.  

American National Webinar Series click here to register.

Webinar Replay: Concerns vs Value of GUL and IUL

Unsure if the risk of a cash value life insurance product outweighs the rewards? Click on the replay to hear how we compared “concerns vs. value” of GUL and IUL, along with sales ideas for long-term care and business insurance.  Learn more. 

How an Index Account Works

Struggling to explain to clients how an index account works? North American has an exciting new interactive tool to help you explain how index accounts work to clients. Try this out yourself then share with your clients.  How an index account works. 

Allianz Product Offerings Just Got Bigger

Term Pro+ Life Insurance is an affordable term life insurance solution from Legal & General America available through Allianz Life Insurance Company of North America (Allianz). Term Pro+ is underwritten and issued by Banner Life Insurance Company, a subsidiary of Legal & General America, located in Urbana, MD.  Learn more. 

Check it Out - Client Videos on YouTube

Looking for an easy way to access and share consumer videos? You’re in luck!

Check out Securian’s YouTube channel to view some of their most popular videos, including Benefits of Term Life Insurance, Benefits of Permanent Life Insurance and Understanding Cash Value Life Insurance.  Visit YouTube Channel. 

Vitality Active Rewards with Apple Watch

The John Hancock Vitality solution already rewards your clients for healthy living. Now, they can earn an Apple Watch Series 2 for as little as $25, by exercising regularly. Whether your clients enjoy walking, running, biking or swimming, the more active they are, the more Vitality Points they’ll earn towards funding the full cost of their watch. It’s just another way we’re helping people live longer, healthier lives.  Read more. 

Elevate Income - Supplemental Income Planning

Feeling a bit unsure about being prepared about retirement? You’re not alone. Only 14% of consumers between the ages of 50 and 75 say they’re very confident they’ll achieve their desired retirement lifestyle. Elevate your retirement income potential with a life insurance policy from Nationwide.  Watch video. View presentation. 

2017 Policyholder Dividend Scales

The Board of Directors of Prudential Insurance has approved payment of approximately $2.0 billion in dividends in 2017 for participating individual life insurance policies and annuity contracts in Prudential's Closed Block. The 2017 payment represents a continuation of the 2016 dividend scales for 2017.  Learn more. 

When Your Agents Choose Indexed Choice UL, They Become the Hero

We all know that helping a family gain the protection of life insurance is an honorable act. Now that action will result in an even more heroic event: supporting our communities and becoming a hero for those who need it most. Starting December 7, your agents can become a hero in more ways than one. When they sell a Protective Indexed Choice UL Policy, they can help us support one of three worthy causes.  Learn more. 

Make the Move with Term Life Answers

Term Life Answers offers protection, competitive premiums and liberal conversion privileges, but do you know where we really win the sale? 

A Guide to Illustrating Income Advantage IUL

It's common for an IUL to be illustrated using a minimum-face, max-funded premium scenario. This job aid helps take you step-by-step through running this type of illustration. 

We Offer Protection That's Guaranteed

All guaranteed universal life insurance products are not the same. Make sure you're offering your clients the guaranteed protection they need today plus options that provide flexibility in the future.

Reminder: Symetra UL-G and SUL-G Product Changes

As we previously communicated, as a result of the historically low interest rate environment, we will be instituting the following changes to our UL-G and SUL-G products: The annual premium amount, including lump sum deposits and 1035 exchanges, will be limited to 5 times the target premium.  In addition, the maximum face amount for Symetra SUL-G will be capped at $15 million.

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.

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. 

 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. 

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.